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Paris based game developer Voodoo grabs $200 million in funding



image credit: Voodoo.io

Voodoo, A Paris based video game publisher notable for many games including Paper.io, Snake vs Block, Dunk Hit, Stack Jump and a slew of others has raised a huge $200 Million in funding to expand its operations, In turn developing a publishing space for mobile game developers.

The company made it known that during the ongoing Casual Connect conference which also featured speakers from other big game companies including Zynga, Netmarble and Naturalmotion that Goldman Sachs is a major investor in the company whilst its founders still retain a majority stake, The company didn't reveal how much it raised at the conference but major sources pegged the value at a huge $200 million.

Vodoo currently holds 9 positions in the top 25 downloaded games chart with the company also stating a huge number of 150 million monthly users and 300 million downloads last year with the company currently using a data-driven process which works very well for its release of casual mobile games.

The company currently launches about 5 games a month and partners with other developers in the huge development of their games as the case was seen in the Helix Jump game which has garnered more than 100 million downloads so far and has shot to no 1 in more than 20 countries, Voodoo will now use this funding to hire more engineers and launch a developer hub which will guide mobile game developers on how to make the best games available for consumers out there.

Voodoo was founded co-founded by current president Alexandre Yazdi and Laurent Ritter who as previously stated in this article are currently the biggest shareholders in this company.




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