Free-to-play social/casino game studio Huuuge Games confirmed today (via Medium post) that it has raised approximately $50 million from investors in a Series C round of funding.
This may help mobile game devs better understand the state of the industry, as Huuuge’s business seems to revolve around mobile F2P slots (pictured) and video poker games.
It’s also the studio’s biggest fundraising round yet, as it previously raised $4 and $4.6 million, respectively, in a 2015 Series A round and a 2016 Series B round. Most of the funding appears to have come from investors headquartered in South Korea.
In his Medium post detailing the Series C funding Huuuge chief Anton Gauffin claimed that, while the company grew 900 percent last year and still generated a profit, it needed more funding to ramp up both game development and its marketing efforts.