Social mobile developer Game Insight and mobile investment firm IMI.VC announced today they finalized a deal that secured Game Insight $25 million in funding.
This announcement follows several smaller investments IMI.VC has made with Game Insight over 2011 and 2012, but it’s the first time the firm has put a substantial infusion of cash into the game developer. However, IMI.VC went on the record after it received an investment of $75 million late l ast year from Michael Vinchel of Mail.Ru, saying it plans to commit these funds to improve its portfolio investments with companies like Game Insight, interactive story developer NARR8 and technology incubator Farminers.
Game Insight says the funds will be put towards improving Game Insight’s production pipeline and growing its game portfolio. On top of that, the company said it plans to broaden development resources for more than 10 of its development studios, further expand into emerging markets around the globe and increase marketing activities for its current/upcoming titles.
In a statement, Game Insight Founder and CEO Alisa Chumachenko said the new investment will help solidify the company’s position in key regions and aggressively expand into countries with emerging mobile markets.