Geewa, one of the Czech Republic’s most successful gaming studios, announced today that it received a strategic investment from AppLovin, a U.S.-based mobile games company that fuels the growth of many of the world’s most popular mobile games and game studios. Terms of the investment were not disclosed.
“Coming off our most successful year to date, the timing of this partnership with AppLovin couldn’t be better,” said Miloš Endrle, Chief Executive Officer and Founder of Geewa. “We’re excited that with AppLovin’s expertise, we will be well-poised to optimize our games to reach an even bigger global audience.”
This investment fuels continued growth for the Geewa team, as it enables the studio to scale its most popular games, including Smashing Four, globally on AppLovin’s platform. Founded in 2005, Geewa will continue to operate as an independent, stand-alone company with existing management.
“By investing in studios from around the world, we’re able to execute on our growth strategy, while giving them a bigger platform to play on,” said Adam Foroughi, Chief Executive Officer and Co-Founder of AppLovin. “Our team clicked with Geewa — its strong leadership, hit game Smashing Four, and their superior talent in Prague impressed us. We’re confident that AppLovin can scale Geewa’s business beyond its borders and reach players everywhere.”
Previous Geewa investors include Springtide Ventures (part of KKCG financial group) and MCI.TechVentures (MCI.TV, Fund) part of MCI Capital S.A. MCI’s shareholder announcement outlines their part of the investment.