October 4 (SeeNews) - Romanian game developer Amber said it has attracted an investment of up to $20 million (20.5 million euro) from a fund advised by London-based investment company Emona Capital to help it accelerate its global growth through mergers and acquisitions (M&A).
Part of the sum will be invested in the company's internal infrastructure to underpin continued rapid organic expansion, Amber said in a press release on Monday.
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"After almost a decade of purely organic development, we are pleased to enter a new stage for Amber, a period of even more accelerated growth. Emona Capital has proven experience in emerging markets, which matches our expansion thesis and which we are confident will aid our expansion plans." said Jaime Giné, CEO of Amber.
Following the new financing, Amber reaches a valuation of $190 million.
Amber Studio is a Bucharest-based game development company, which was founded in 2013. It offers complete product delivery, co-development, platform conversion, and support services.
The company has approximately 1,200 employees based in Bucharest, Botosani, Guadalajara, Montreal, Kyiv, Warsaw, San Francisco and Los Angeles.
In May, the company said it expected to expand its international team with 100 staff this year.
($=1.0249 euro)