Finnish mobile-gaming developer Armada Interactive, which had been in stealth mode, has revealed that they have obtained $3 million in seed funding from a group of investors that includes Index Ventures, PROfounders Capital, Backed, Reaktor Ventures, Sisu Game Ventures, Chris Lee, Reynir Hardarson, and Ben Feder. Founded last year, Armada has since expanded their team to 20 people, attracting veterans of companies such as Remedy, Crytek, Seriously, and BioWare.
Although they have yet to unveil their first title, the startup says they are aiming to “leverage nascent trends in mobile gaming, including real-time 3D gameplay and synchronous player-vs.-player. The startup intends to generate revenue through a freemium model, but has not yet revealed further details.
Armada’s CEO, Samuli Syvahuoko, is no stranger to entrepreneurship, have started his career in 1995, when he founded Remedy Entertainment. His most recent project was mobile-gaming startup Helsinki GameWorks, which was acquired Helsinki-based startup Next Games, a gaming company that also recently invested in Armada. But what is interesting about that deal is that they did not offer funding, but rather exchanged certain IP, created and developed by Svyahuoko at Helsinki GameWorks, for their stake.