Mobile games publisher GameMine raises $20 million to expand globally
There’s a subscription service for everything these days, and GameMine thinks mobile games should get in on the action. The publisher just closed a $20 million Series A round that Palisades Venture Capital led, and it’s hoping to carve out a space in this huge market with its subscription-based library of casual mobile games. In 2016, $24.8 billion of mobile games revenue was generated in Asia, over half of the $40.6 billion market worldwide. With so much profit to be had, mobile is flooded with games. According to Pocket Gamer , nearly 3,000 games are submitted to the Apple App Store per month. Though there are huge successes such as Clash Royale and Clash of Clans , which helped generate $2.3 billion last year for developer Supercell, discoverability and monetization are still top-of-mind for most developers as they jostle for the top of the charts. GameMine is hoping to solve these issues with its curated subscription model by providing “diverse, subscription-based sele