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German Online Publisher Neonga Receives New Round of Funding

Date: Dec 08 2011 03:10:29 Source: Gamastura Views:
KeyWord: Neonga, Neonga News, Neonga Funding, Neonga Investment, Neonga Publisher

Neonga, the German online games company set-up by former Frogster and Gamigo execs, has secured a further round of funding from Tengelmann Ventures. News from Gamastura

Free-to-play MMO publisher Neonga announced today that it has successfully completed a new round of financing, with venture capital investor Tengelmann Ventures leading the round.

Neonga

The Berlin-based publisher, which has launched three online games since its founding in the summer of 2010, including most recently DragonSoul, noted that the new investment will be used to roll-out its titles internationally.

The firm is led by chief executive officer Rolf Kloppel, chief technical director Benjamin Kaiser and chief marketing officer Stefan Hinz -- all of whom serve on Neonga's board of directors and have previously worked at German publisher Frogster (Runes of Magic) in similar positions.

This new round builds on the original funding that the company received late last year, when it raised � million ($2.8 million) in Series A funding. The company did not divulge figures regarding how much has been raised in this new round.

Rolf Kloeppel, CEO of Neonga AG, explained, "With Tengelmann joining our handpicked group of investors we see the best possible conditions for us to play an important long-term role on the online games market."

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