Space Ape Games, the developer behind the successful mobile title Samurai Siege, announced today that it has secured £4.25M in growth capital from Silicon Valley Bank, the bank of the world's most innovative companies and their investors. The business will use the additional capital to continue its growth, with a second game - Rival Kingdoms: Age of Ruin - set to launch globally on iOS and Android in May 2015.
Samurai Siege, Space Ape's first game, has seen global success, with more than 11 million downloads and aggregate revenues of more than $23M since its launch in 2013. Rival Kingdoms will offer an accessible, high-quality experience for mid-core gamers on mobile platforms, with contributions from award-winning games writer Rhianna Pratchett (Tomb Raider) and composer Richard Jacques (Sonic 3D).
John Earner, CEO at Space Ape Games, said: "This financing will enable us to continue to grow the business and further invest in building a strong team. Working with Silicon Valley Bank isn't just about financing, but about making the right connections. Space Ape Games is a game developer, but we are also a startup, looking for the best talent inside and outside the games industry. Silicon Valley Bank has been among our most supportive partners, and we're excited about the years ahead."
Erin Platts, Managing Director of Commercial Banking at Silicon Valley Bank, said: "The future of the gaming industry depends on innovative technology that can deepen the gaming experience. Space Ape Games plays an important role in disrupting this industry and we look forward to supporting their future success in the launch of their newest game, Rival Kingdoms."
Joe Smart, Vice President at Silicon Valley Bank, added: "We are delighted to be supporting Space Ape Games with banking and financing as they continue to develop compelling gameplay experiences. The success of Samurai Siege is an early validation of the team's strategy, with Rival Kingdoms set to build on that success, and we look forward to being a long-term partner as Space Ape Games continues to grow and create new games."
About Silicon Valley Bank
For more than 30 years, Silicon Valley Bank (SVB) has helped innovative businesses and their investors move bold ideas forward, fast. SVB provides a range of targeted financial services and expertise through its office in the UK. With commercial and international banking services, SVB helps address the unique needs of innovators. Forbes named SVB one of America's best banks (2015) and one of America's best-managed companies (2014). In 2014, SVB was recognised as Service Provider of the Year for the third year in a row at the Investor Allstar Awards in London.
Learn more at www.svb.com/uk.
Silicon Valley Bank is registered in England and Wales at 41 Lothbury, London EC2R 7HF, UK under No. FC029579. Silicon Valley Bank is authorised and regulated by the California Department of Business Oversight and the United States Federal Reserve Bank; authorised by the Prudential Regulation Authority with number 577295; and subject to regulation by the Financial Conduct Authority and limited regulation by the Prudential Regulation Authority. Details about the extent of our regulation by the Prudential Regulation Authority are available from us on request. Silicon Valley Bank is a subsidiary of SVB Financial Group (NASDAQ: SIVB), a Delaware corporation and is an affiliate of SVB Financial Group UK Limited.
About Space Ape Games
Space Ape Games is a UK-based mobile games studio founded in 2012 by gaming and tech start up veterans - John Earner, CEO (ex-Playfish, PlayStation), Toby Moore, CTO (ex-Mind Candy) and Simon Hade, CFO/COO (ex-Electronic Arts, Skype). With extensive experience on some of the biggest games on Facebook and the Internet, the company's aspiration is to create the highest quality, most entertaining free-to-play multiplayer games for smartphones and tablets.
For more information, please visit: www.spaceapegames.com.
Silicon Valley Bank – UK Branch
T: +44 (0)20 7367 8111