Start-up developing company GameClub have announced they have raised $2.5 million in seed funding for the development of premium mobile games. Some of their investers are BreakawayGrowth Fund, GC Tracker, Ride Ventures, CRCM Ventures, and Watertower Ventures.
GameClub CEO and co-founder Dan Sherman said in the press release:
“There’s a growing sense of freemium fatigue in the mobile games market — consumers are increasingly fed up with predatory free-to-play microtransactions and incessant ads that are not only annoying, but often inappropriate for children. We’ve reached a dire point where so few developers can make premium work on mobile that the entire category is at risk. GameClub was created to solve this problem, capitalizing on our resources to bring classic and original premium games back to mobile while developing new ways for gamers to discover and enjoy them.”
GameClub currently have 50 mobile games in the works and will officially launch the company later this year.