Montreal's Gamerizon raises $5 million from Vanedge and iNovia
Montreal's Gamerizon announced this morning that it closed a $ 5 million investment round with a syndicate led by Vanedge Capital and including iNovia Capital.
Gamerizon us a gaming studio that specializes in mobile games development and is responsible for the Chop Chop franchise on the iOS platform.
The investment will allow Gamerizon to expand its employee base with 100 new hires planned over the next 24 months and improve its product offering in both breadth and scope.
"We're extremely proud to be associated with such quality investment firms as Vanedge and iNovia as we scale up operations and leverage our Chop Chop franchise over numerous social and mobile platforms including Facebook, iOS, Android and Windows Mobile. They bring phenomenal gaming expertise and are established leaders in digital investments," said Alex Sakiz, CEO, Gamerizon.
"We are excited about our investment in Gamerizon. The team has built good momentum and has started to emerge as a pre-eminent developer of mobile games," said Divesh Sisodraker, Partner, Vanedge Capital. "We have made four investments in our fund, two have been in Montreal, and Gamerizon is our largest investment here to date. We are strong supporters of the digital media industry in Quebec and excited by the depth of talent and number of quality investment opportunities available in the Province."
"iNovia Capital is a private venture capital funds managers driven by backing the best entrepreneurs in the hottest space with the upmost potential. We strongly believe that Gamerizon will become one of the largest game developers on social and mobile platforms in Canada and we are glad to help its management team execute on such ambitions," explained Chris Arsenault, Managing Partner, iNovia Capital.
"Today's announcement is another example that Montreal is a global leader in the gaming industry and will remain for a very long time. Gamerizon established itself as one of the leaders in the extremely competitive mobile games industry and we should be proud of its success," affirmed Mr. Michel Leblanc, President and CEO of the Board of Trade of Metropolitan Montreal.
