Steam Republic launches € 5 Million Financing Round
Steam Republic is initiating a large-scale financing round to fund our fast growth in the international markets. Our financing round is scheduled to end in fall 2010 and we are primarily choosing suitable investors from up to € 5 Million investments. Lighter deals with private investors are being closed, but we are still accepting a couple small investments to join our cause for the moment.
Sooner or later we’ll be leading the global market of mobile fan community services by offering the music industry an uncanny revenue model in social media.
The growth of the mobile entertainment industry, especially services based on mobile interaction and mobile payments, is about to blow out of proportion. Aiming to reach a € 120 M turnover by 2012 through the use of our mobile social ecosystems, we are presenting investors a chance of a lifetime” – Paavo Bäckman, Trade Minister of Steam Republic
Furthermore, continuing our active participation in investor networking events such as Veraventure’s ExtraEvents and Technopolis’ Money Talks, Steam Republic plans to dispatch a delegation to Israel High Tech Association’s 2010 Annual Conference to pitch our company directly to international venture capitalists.
To be part of the biggest wave in the mobile entertainment industry, contact Mr. Paavo Bäckman (paavo.backman at steamrepublic.com) for further information