serkan AT kantan-games.co.jp

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GREE Partner gumi Raises US$26 Million [Social Games]

Tokyo-based social game maker gumi announced it has raised a whopping two billion yen (US$25.7) from a total of six investors today. The fresh money comes from JAFCO, DBJ Capital, Shinsei Bank, Mitsubishi UFJ Capital, and Tecmo Koei.

Gumi says they have now reached a US$154 million post-money valuation – not bad for a 3.5-year old startup in Japan. The company generated US$7.7 million in virtual item sales last month, and expects even more after hitting US$1.3 million on a single day (December 2) for this month, according to TechCrunch Japan.

Almost of all of gumi’s titles are exclusively available on GREE. One of gumi’s latest hits is FIFA World Class Soccer, a social soccer game just launched on GREE that has been co-developed with EA.

Here’s a video that TechCrunch US shot with Hironao Kunimitsu, the CEO of gumi, last week in Tokyo (source link):

Serkan Toto About Serkan Toto
I am the CEO & Founder of Kantan Games, Inc., a Tokyo-based game industry consultancy focused on the Japanese market. Please subscribe to updates on this site via RSS or Email.