Last updated on April 19, 2014 at 21:20 EDT

PlaySpace Secures $1.9 Million in Funding to Expand the Development of Social Games for the Spanish and Portuguese Speaking World

September 5, 2012

MIAMI, Sept. 5, 2012 /PRNewswire/ — PlaySpace S.L. (http://www.playspace.com), the fastest growing developer and operator of social and multi-player evergreen games, today announced the closing of $1.9 million investment round led by PeopleFund with the participation of the Spanish venture fund Faraday Ventures.

Founded in 2011 by Alfonso Villar and incubated by Enrique Dubois of Mola.com, PlaySpace has successfully launched traditional Spanish evergreen games such as Parchis, Dominos, Luno, La Oca and Chinchon. Available in Facebook and Tuenti all games are offered as a freemium service and users have the ability to purchase virtual currency and goods.

“Our company was founded seven months ago and this important investment round validates our rapid growth, our business model and most importantly the quality of the products we offer to our users,” said Alfonso Villar, CEO and co-founder of PlaySpace. “It’s an honor for us to be able to work with the experienced teams of PeopleFund and Faraday Ventures, their vote of confidence will help accelerate the development of our product and the value we create for our users.”

“PlaySpace is well positioned to become the fastest growing leader in social and mobile games targeting Spanish and Portuguese speaking users worldwide,” said Matias de Tezanos, founder of PeopleFund. “We are very confident in the team’s ability to execute and the growth, strategy and quality of the product being developed by PlaySpace validate this.”

PlaySpace rapidly growing gamer community counts with more than 3 million users and its games are available in important social networks like Facebook and Tuenti and will soon be available in IOS and Android. The funds will be used to improve the product, to develop and launch new games and to expand their offering internationally. PlaySpace is looking to launch its portfolio of games in the USA and in Latin America where the company aims to become the leader in social gaming for the Spanish and Portuguese speaking market.

About PlaySpace S.L.
With offices in Spain and Miami, PlaySpace is the fastest growing developer of social and multi-player games for the Spanish and Portuguese speaking market. The company was founded in 2011 by Alfonso Villar and incubated by Enrique Dubois of Mola.com. PlaySpace games are available in Facebook and in the Spanish social Network Tuenti. The company has successfully launched games such as Parchis, Dominos, Luno, La Oca, Bingo and Chinchon. The company recently closed a $1.9 million financing round led by PeopleFund. For more information visit: http://www.playspace.com

SOURCE PlaySpace

Source: PR Newswire