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Newtracks secures fresh seed capital

Berlin based game developer Newtracks wins over famous investors

Onlinegame developer Newtracks is expanding its business: the young startup from Berlin collected six figure seed capital from prominent investors. Among them Martin Sinner, co-founder of the famous German startup idealo– currently receiving widespread media attention due to a Sillicon Valley research project with Kai Diekmann (editor-in-chief of the biggest German newspaper„Bild“) and Axel Springer's marketing chief Peter W?rtenberger. Another famous investor is award-winning Christophe Maire, CEO of ereading-startup textr and investor behind several successful startups like Amen and Soundcloud. Further investors are Philipp Belter, Tilman Buggenhagen, J?rn Lubkoll and Samuli Siren, investment manager at K-New Media.

Newtracks develops social games for music fans. Their first game to be launched in the 3rd quarter of 2012 already drew attention to itself in its development phase, winning a sponsorship by Berlin Brandenburg’s Mediaboard. Newtracks was founded in Berlin by Daniel Bock, Roman Frank, Norbert Haacks and Hendrik Lesser’s remote control productions GmbH.

The social games market is expanding rapidly. An ever increasing number of??people play games in social networks and online gaming is quickly becoming monetarised. In 2011 global market volume reached around USD 5 billion. According to analysts by 2014 this number may have doubled and up to one third of this turnover will be generated on Facebook.

Newtracks will benefit precisely from this growth and they have chosen the right base: Berlin continues to attract musicians worldwide and is increasingly known for its vibrant and innovative start-up scene. The German capital is already home to Wooga, one of the world’s most successful gaming startups and is seen by many as Germany’s Sillicon Valley.?

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