ADVERTISEMENT

Euroventures, Sandor Ando invest HUF 400m in Hungarian Facebook game developer

Parliament

Euroventures Venture Capital Fund Manager and Sandor Ando have invested a combined HUF 400m in Hungarian content developer THX Games, which is launching a multi-player strategy trivia game on Facebook, THX Games announced.

The injection doubled the company’s capital.

Euroventures director Zoltan Toth said the investment would support the company’s expansion abroad and the introduction of new games.

THX Game’s game Triviador, developed for Facebook, was launched a little more than a month ago, but it is already attracting visits from a monthly 200,000 users, said THX Games chairman Attila Bihari.

THX Games is the creator of the popular game Honfoglalas.

The investment in THX Games was the third for the HUF 7.1bn Euroventures IV Fund. The fund, which is supported by a contribution from the Swiss-Hungarian Cooperation Programme, invests in Hungarian SMEs. The ten-year fund matures at the end of 2013.

ADVERTISEMENT

IMF raises Hungary 2021 GDP growth forecast to 7.6% Analysis

IMF raises Hungary 2021 GDP growth forecast to 7.6%

Karácsony withdraws from opposition primary Elections

Karácsony withdraws from opposition primary

New CEO announced at Codic Hungary Appointments

New CEO announced at Codic Hungary

Budapest bike-sharing scheme boasts record ridership City

Budapest bike-sharing scheme boasts record ridership

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.