Target backs gaming provider

Munich-based venture firm Target Partners has invested seed capital in Scoreloop, the iPhone gaming provider.

Scoreloop is a provider of mobile social games. Capitalising on the creation of smart phones like the iPhone, the Munich-based firm has developed technology that allows users to challenge each other in mobile phone games.

Although, the technology is currently only available on the iPhone, the start-up company plans to expand into other mobile phone platforms in the future.

Founder of Scoreloop, Marc Gumpinger, said: “We are proud to bring a venture capitalist like Target Partners on board. Their entrepreneurial experience, their feeling for the market and the active Target Partners network are significant and important parts of the investment.”