Grey Area Raises $2.5M in Funding

Grey Area, a Helsinki, Finland-based mobile city gaming company using real world locations as the context for mobile games, has raised a $2.5m in funding.

Investors include Index Ventures, London Venture Partners and Initial Capital.

Led by CEO Ville Vesterinen, Grey Area recently launched its first title – Shadow Cties – on the iPhone in a beta phase exclusively in Finland. A new version of the game, which transforms city streets into a battle zone, will soon be released and made available globally with additional features and content.

Founded by Mikko Hämäläinen, Andreas Karlsson, Teemu Tuulari and Ville Vesterinen in 2008, the company is rapidly expanding its team of developers and game designers in Helsinki and is planning to open a U.S. office.

23/02/2011