Xendex Raises $3.5 Million

November 30th, 2009 by Arjan Olsder Posted in Companies & M&A | No Comments »

Xendex Xendex disclosed a second round of funding for $ 3.5 Million led by Pontis Capital and a group of angel investors. This latest investment follows on a first capital raising of $ 3.6 Million in June 2008.

Along 2009, the company released its first titles on both the iPhone as well as the PSPgo. It also working on branded games for RedBull and EA.

Michael Haberl, CEO of XENDEX, commented: "XENDEX is one of the pioneers in the mobile games industry with a proven track record of creating award-winning handheld games. With the first round of funding last year, our shareholders gave the company the opportunity to strengthen its leading position in the industry. At the same time, it allowed us to lay the foundation for future growth by investing into new technology, licenses as well as the expansion to new gaming platforms. Now we will enter the next phase of our multi-year growth strategy."

Talking about future projects and areas for growth, Haberl concluded: "Building on this year

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    Arjan Olsder is the Vice President of Pixalon Studios. Opinions expressed on this publication do not have to represent those of Pixalon Studios.


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