Entrepreneurial Ecosystem

Wednesday, March 7, 2012

Greece's most dynamic mobile games start-up raises seed financing from UK

AbZorba Games, the Athens based mobile games company,  is excited to announce it has attract first-round, six-figure seed investment from the UK.

Lawrence Howe, a UK private investor, has seen past the obvious obstacles of investing in Greece and recognized AbZorba's strategy, model and achievements worthy of his investment.

AbZorba Games creates live multiplayer casino themed games for Android and iOS mobile phones and has achieved great success since its launch in September 2011 and is now attracting significant interest from other larger investors to capitalize on the hottest category for mobile gaming sector in 2012 - mobile casinos.

Andrew Hughes, Co-founder & CEO, says: "We are extremely excited to raise this round which will enable AbZorba to execute on its aggressive expansion and growth plans by launching more titles such as live roulette and live poker and, importantly, recruit talented young developers here in Athens".

AbZorba Games is a spin-out of mVision Network Solutions, a successful member of the Virtual Trip Entrepreneurial Ecosystem, a start-up accelerator based in Athens, Greece.

Dimitris Tsigos, Founder & CEO at Virtual Trip says: "Our mission is to create dynamic companies that compete in a global market with Greek talent. In addition, having an international investor and a co-founder further promotes the expertise that such an alliance can achieve."

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