Armada Interactive Secures $3 Million Seed Funding to Bring Revolutionary, Next Generation Gaming to Mobile Audiences
Armada Interactive, a Helsinki-based mobile gaming company focused on bringing revolutionary, next generation games to mobile platforms, today announced the successful completion of its USD 3 million seed financing.
The financing round was led by Initial Capital, which was joined by a stellar cast of leading mobile gaming institutional and angel investors that include Index Ventures, PROfounders Capital, Backed, Reaktor Ventures, Sisu Game Ventures, Chris Lee, Reynir Hardarson and Ben Feder.
Armada Interactive was founded by serial entrepreneur Samuli Syvähuoko, whose career began in 1995 with the founding of Remedy Entertainment. Other founders include Giuliano Cremaschi, Mikko Kinnunen, Juha Matikainen, Tero Teelahti, Didier Pippel and Nick Joore – industry veterans having previously been key members at Crytek, Seriously and BioWare, among others.
Previously in full stealth mode, Armada Interactive was founded to leverage nascent trends in mobile gaming, including real-time 3D gameplay and synchronous PvP (player-vs-player). The cornerstone of Armada’s games will always be true innovation, hence, their first project will be based on a new and revolutionary user experience.
This innovative experience is being incorporated into a game with a robust metagame and an engaging intellectual property (IP). This first game will elevate the mobile gaming experience by focusing on unparalleled visuals, synchronous PvP modes, and easy-to-access but hard-to-master core gameplay. The game’s features will also be ideal for eSports.
The members of the founding team of Armada Interactive have always sought to push beyond the boundaries of game development. The key founders have been instrumental to the creation of games and services that changed the way mass audiences approach narrative, action and community in interactive entertainment. Among their key projects are Max Payne (Samuli Syvähuoko), Mass Effect 2 and 3 (Mikko Kinnunen), Habbo and Crytek’s Gface and Crysis 2 (Giuliano Cremaschi).
"Our founding team and investor group are comprised of the industry’s leading professionals, who we are fortunate to have as part of the Armada family." – said Samuli Syvähuoko, co-founder and CEO of Armada Interactive. "This initial investment allows us to produce and launch a truly astonishing first title. Armada’s first game will be built around AAA visual fidelity, deep gameplay and competitive features. We are creating a game that will appeal to both core and mid-core players."
"The games being developed by Armada incorporate innovative and revolutionary UX and game play that bring the player experience to dimensions not previously seen in mobile gaming." – says Ken Lamb, co-founder and partner at Initial Capital. "We are delighted to be backing a world class team which combines AAA development talent with mobile and freemium expertise." Ben Holmes, general partner at Index Ventures, added.
The home of Supercell, Finland is one of Europe’s hotbeds for high quality gaming, having built up a reputation over the last two decades as a hub for forward-thinking gaming entertainment, producing many award winning gaming companies over the years that share a culture of knowledge sharing and collaboration. In 2015, the revenues of Finnish gaming companies exceeded several billion euros.
In this collaborative spirit, Next Games, the Helsinki-based mobile gaming company and developer of the critically acclaimed The Walking Dead: No Man’s Land, is also an early investor in Armada. In 2014, Next Games acquired Helsinki GameWorks, Samuli Syvähuoko’s most recent successful mobile gaming startup. Next Games received its equity stake in return for certain IP created and developed by Mr. Syvähuoko at Helsinki GameWorks. Armada also has the further benefit of seasoned mobile gaming veteran Teemu Huuhtanen, CEO of Next Games, serving on the Armada Board.
About Armada Interactive
Founded in 2015, Armada Interactive is a 20-person strong mobile gaming company based in Helsinki and is set out to lead the nascent core market with born-mobile AAA, freemium, real-time multiplayer experiences. Its founding team is comprised of a number of industry veterans from Remedy, Crytek, Seriously and BioWare. The core team has a consistent history of creating top quality, successful games for multiple platforms.
For more information about Armada Interactive, please visit: http://armadainteractive.com/