Rovio Entertainment based in Finland and the creator of Angry Birds, the globally successful franchise is involved in creating, developing and publishing mobile games. In a recent development, Rovio pumped in $3 million in a venture capital fund managed by Play Ventures.
Founded in 2018 by video game entrepreneurs Harri Manninen and Henric Suuronen in Singapore, Play Ventures had an objective to raise $30 million invest this fund in 20 to 25 companies. So far, this fund has been invested in five video game firms including Rewords and Starform. With the backing of Rovio, it has reached its goal. Notably, the company has been receiving funds from private investors and gaming companies.