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Scoreloop closes second financing round with Earlybird and Target Partners


Hamburg/Munich Germany and San Francisco, CA: August 18, 2009 Scoreloop, Earlybird Venture Capital and Target Partners today announce the closing of a €2m (approx. $2.8m) financing round by new investor Earlybird and existing investor Target Partners. The funding aims to further fuel Scoreloop’s significant growth as an infrastructure provider for mobile social gaming for both indie and large game developers and publishers

Scoreloop is the technology leader in mobile social gaming bringing online high scores, player challenges, a virtual currency and viral distribution to game developers. Scoreloop does not create its own games, but instead focuses on partnering with game developers and publishers providing them mobile social gaming technologies that build community and drive game discovery. Since launching its technology in May 2009, Scoreloop already has over 500 registered game developers that have published more than 40 Scoreloop enabled games in the Apple App Store today.

Scoreloop currently supports games on the iPhone platform. The funding will be used to further develop the technology, go cross-platform and continue the focus on international business development with larger publishers and portals. Scoreloop was founded in 2008 by Marc Gumpinger, Dominik Westner and Christian van der Leeden. In addition to its Munich Germany headquarters, Scoreloop has teams in the US and Asia.

”We are continuously receiving excellent feedback from game developers and publishers, as Scoreloop offers a unique set of tools for social features and monetization strategies. We are thrilled to be working with two of Europe’s premier and best-networked VCs with Earlybird as an additional partner beside our existing investor Target Partners. We jointly aim to further increase our growth and to ensure an ideal market position for the company,” said Marc Gumpinger, CEO of Scoreloop.

Roland Manger, Managing Partner at Earlybird, is also convinced of the significant growth potential: “Scoreloop’s technology and the community platform solve many problems both developers and users are facing in the mobile app-world. Scoreloop will help developers make their games more attractive while improving monetization and users will be able to find games relevant to them much quicker.“

“We are delighted about the speedy validation of the business model among the developer community and the fact we were able to attract a new investor in this financing round, despite having just closed a seed financing round earlier this year. The Scoreloop team has managed a very impressive start and we are very optimistic that their technology will become the preeminent choice in the market,“ commented Olaf Jacobi, Partner at Target Partners.


About Earlybird

Earlybird Venture Capital is one of the most successful European venture investors. Currently, Earlybird manages over 400 million Euros of assets for an international investor base. Earlybird invests in innovative, fast growing companies with outstanding management teams and high growth potential on international markets. Earlybird’s portfolio currently includes more than 20 companies in seven countries (Germany, Switzerland, Sweden, UK, USA, Italy and France). Since inception Earlybird has invested in more than 58 companies. Besides several successful trade sales, Earlybird has led six companies to an IPO at four different European exchanges. Further information is available at www.earlybird.com or follow us on Twitter: EarlybirdVC


Publisher Contact Information:

Earlybird
+49 40 432941-0
vonWedel@earlybird.com

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