Angry Birds Goes Live

By Angela Sormani — 4 years ago

The computer game Angry Birds will become a live attraction for children next year when the first Angry Birds playgrounds appear in Finland, writes Reuters Life. Mobile gaming firm Rovio, which owns the hit game, earlier this year raised $42 million from venture capital firms including Accel Partners, which previously backed Facebook and Baidu, and […]


VC-Backed Rovio’s Angry Birds Game Sets Record with 500M Downloads in Less than 2 Years

By Reuters News — 4 years ago

(Reuters) – Mobile gaming company Rovio Entertainment said on Wednesday its hit game Angry Birds had reached a record 500 million downloads in less than two years since its launch.

“It’s more than any game ever before,” Rovio’s marketing chief Peter Vesterbacka told a conference in Helsinki.

Unlike most mobile-game crazes, Angry Birds — in which players use a slingshot to attack pigs who steal the birds’ eggs — has stayed at the top of the charts since it was launched for Apple’s iPhone on Dec. 11, 2009.

Vesterbacka said the company’s next aim was to reach 1 billion fans …


Angry Birds Creator Rovio Has Snubbed Acquisition Offers, Sees IPO in 2 to 3 Years

By Reuters News — 5 years ago

PARIS (Reuters) – Mikael Hed is unrepentant about the 200 million minutes per day that people around the world fritter away playing Angry Birds, the iPhone game created by the company he heads.

“It’s great. Think of all the other stuff they could be doing that’s so much more boring,” said the CEO of Rovio Mobile, a Finnish startup almost unheard of before it unleashed the addictive game on an unsuspecting world in 2009. Hed spoke at the Reuters Global Technology Summit in Paris this week.

Angry Birds, the most popular paid-for game in the Apple App Store’s four-year history, has just passed 200 million downloads.

The deceptively simple puzzle game in which players use a slingshot to fire birds at green pigs hiding in buildings has hooked a whole new audience, many of whom were never interested in video games before.

“These new touchscreen portable devices have changed the way that people behave,” said Hed (pictured). “Nowadays, people have to be


Angry Birds Creator Lands $42M

5 years ago

Rovio, the Finnish developer of the ‘Angry Birds’ smart phone game, has raised $42 million from Accel Partners, Skyp co-founder Niklas Zennstroem’ fund Atomico Ventures, and angel investor Felicis Ventures, Reuters reported. Accel Partners led the round, which is designed to help Rovio expand across markets including mobile, social media and other platforms, and via merchandising and media production and partnerships, Reuters wrote.


Rdio Inks $17.5M In VC

5 years ago

On demand social music service Rdio has raised $17.5 million in venture capital from investors including Mangrove Capital Partners, venture fund Atomico, Skype and other investors including company co-founder Janus Friis. Rdio will use this infusion of cash to expand its footprint to new platforms, and also to expanding its team. Rdio is based in San Francisco.


Q&A with Niklas Zennström, On Atomico Fundraise and European Venture Capital

By Dan Primack — 6 years ago

Atomico Ventures, a European VC fund run by Skype co-founder Niklas Zennström, today announced that it has closed its second fund — and first institutional one — with $165 million in capital commitments. So we spent some time on the phone this morning with Zennström, in order to learn more about the fundraise and the state of European venture capital.

Last May, Atomico said in an SEC filing that it was looking to raise up to $266 million. Why did you close on so much less?

I wouldn’t say we closed on much less. The thing our lawyers told was was that we needed to set a limit in the SEC filing, because if we went above it we’d have to do another filing. So we basically put a high number with a really big buffer. The reality is that, with the kind of investments we’re looking at, you don’t want to have too big of a fund.


Atomico Ventures Raises Second Fund

By PEHub Administrator — 6 years ago

Atomico Ventures, a European-focused VC fund run by Skype co-founder Niklas Zennström, has closed its second fund with $165 million in capital commitments. A regulatory filing from May 2009 indicated that the firm had been seeking upwards of $266 million, with Probitas Partners serving as placement agent.


Skype Cofounders Aim to Raise $266M Venture Fund

By Connie Loizos — 7 years ago

Atomico Ventures is ready for blast-off, according to a new regulatory filing. The early-stage venture capital fund spearheaded by Skype cofounders Niklas Zennström and Janus Friis is looking to raise the strangely precise amount of $266 million, with the help of San Francisco placement agent Probitas Partners.

The fund — incorporated in the tax-neutral jurisdiction of Grand Cayman island — has yet to secure any commitments, according to the filing. The team is apparently pretty confident about how quickly it will do so, though. The filing states that the offering to LPs, who are being asked for a minimum investment of $13.3 million, will be available for no longer than one year.