Total investment in Music Festivals game developer reaches £1.1 million
Birmingham-based studio Soshi Games has secured £315,000 in investment from its latest funding round.
Creative England, Midven, Finance Birmingham and other private investors led the investment, bringing the total money raised by the studio since it was founded in 2010 to £1.1 million.
Soshi, which develops festival management game Musical Festivals, will use the investment to create four new mobile and tablet music-themed games.
New titles include quiz game Clue The Music, which is currently being tested on the New Zealand App Store.
Soshi Games was recently named as one of the top studios in the country in our Develop 100 UK Studio Hot List, which you can view here.
“We’re gamifying the music industry. There is such a close connection between games, handheld devices and music consumption and we’ve brought together the best of these to create a new business model,” said Soshi Games CEO Cliff Dennett.
“Our games enable popular acts to engage with their fan bases and earn money at the same time, but our aim is actually to launch a brand new artist globally through one of our games.”
David Hardman, CEO of Innovation Birmingham - where Soshi is based - added: "Soshi Games is developing games that incentivise popular music acts to promote them, not just for financial gain, but also as a way to actively engage with their fan bases. It’s breaking new ground and capturing the attention and imagination of the music industry in a highly innovative way.
"For Soshi to have secured £1.1million of investment in only three years is a testament to the strength of their concept. It is also very rewarding that the company has rapidly grown from a start-up to a team of 11 people here at the Innovation Birmingham Campus."