Pockets Worlds, the maker of the massively popular multiplayer online game High Rise, has raised $7 million in a Series A round funding. Bitkraft Ventures led the round and was participated by other investors from Everblue Management, Sweet Capital, GFR Fund, BoxGroup, and Pixelberry Studios.
The San Francisco-based Pocket Worlds said the investment would go towards developing more mobile games and expanding its workforce. The fully remote studio has 35 employees. Avatar-based social networking game Highrise is currently the only game in its portfolio. The studio has high ambitions to develop games that “social by design and last for decades.”
CEO of Pocket Worlds, Anton Bernstein, commented: “We’ve experienced 6X growth in this past year where people are craving connection more than ever. This investment will enable us to bring a broader variety of social-first games to the market and develop our globally distributed team significantly.”
Bernstein, who is also the co-founder, said in a statement that his company’s revenues have risen by six times in the past year. The High Rise mobile game was launched in January 2015, and since then has grown tremendously every month, attracting millions of users, which now stands at seven million. The multiplayer online game is a social game where players create their own avatars and other things.
Though High Rise allows players to express themselves through avatars and create their fantasy worlds and real-time games, the social networking aspect has been the game’s primary focus, the company said. Additionally, the game’s 30% of users are actively trading various items like clothes on the platform, resulting in more than 50,000 transactions every day.
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