QUEBEC, Nov. 20, 2014 /CNW Telbec/ - Black Tie Ventures, a video game developer of highly targeted social casino games for the Facebook, iOS and Android platforms announced today that it has closed its 3rd round of financing and has commitments for 25% of the total investment it is raising in it's 4th round.
"We're thrilled to discover that the Angel Investor culture in Quebec City is thriving," said David Weiser, Co-Founder and CEO of Black Tie Ventures. "Within weeks of announcing our project, we were able to close our 3rd round of financing thanks to new angel investments. We've also already secured 25% of financing for our next round and it looks like we'll be able to launch our flagship product, Pink Martini Casino, as planned in Q1 2015."
Pink Martini Casino, is a revolutionary social gaming project created for women social casino players. Over $7.5 million will be invested in Quebec City's local economy for the development and operation of this venture, which is expected to generate over $150 million over the next three years.
"Thanks to these new investments, we can now strike some key partnerships that will help us succeed in our efforts to provide players with the most innovative and engaging social casino gaming experience," continued David Weiser.
Social Casino Industry Statistics:
- Currently generates $2.7 Billion of Annual Revenues
- Over 173 Million people play Social Casino Games every Month
- Approximately 50% of the top 20 grossing apps on Facebook and iOS are Social Casinos
- 60% of Social Casino Players are women
Black Tie Ventures is the brainchild of David and Ron Weiser, two gaming industry pioneers from Quebec City. The company develops highly targeted social casino games for niche online and mobile social game markets.
Image with caption: "Logo BLACK TIE VENTURES (CNW Group/Black Tie Ventures)". Image available at: http://photos.newswire.ca/images/download/20141120_C7179_PHOTO_EN_8344.jpg
SOURCE: Black Tie Ventures
For further information: Tracey Lee Batsford, Communications, Black Tie Ventures, [email protected], 418-928-0614