Nonoba

Equity financing for
 Nonoba from
 Mangrove Capital Partners

June 2008

Nonoba: Game community and developer platform for flash game developers

"For some years, millions of people have played single player flash games, but we know it's much more fun to play together with friends and colleagues. Is it more fun to play Solitaire all alone on your PC or to play Pong with a friend? We believe our Multiplayer API will be the catalyst for the creation of a huge range of games that do not exist yet, that anyone can play online for free, and will take multiplayer games to the mass market. Welcome to the future."

Jonas Kjellberg, Chairman of Nonoba

Founded

2008

Games using Nonoba

4,000

Websites using Nonoba

10,000

Employees

10

Headquarters

Copenhagen, Denmark

Popular online gaming community and game developer community to play, rate and share ideas with

Founded in early 2008, Nonoba was established by Oliver Kofoed Pedersen and Chris Benjaminsen, who had previously developed online games on the Danish portal Jubii.

The company operates as a gaming community to play games with friends, and compete for scores and honours; enabling to chat, discuss and rate the various games with other players.

In addition, the Nonoba’s community allows flash developers to upload games for others to play, rate, and share, as well as get together with other developers and discuss and share ideas and tips, and tricks about developing games.

Nonoba provides a new way to create, share and play flash games that combines a proven technology with the best of community benefits.

Taking a leap with the help of Mangrove Capital

In June 2008, a few months after its inception, Nonoba raised a multimillion Series A equity financing from Mangrove Capital Partners, a Luxembourg-based venture capital firm which is focused on investing in early stage information technology companies.

The proceeds of the fundraising were used to grow the company and turn it into a serious player in the market for online games and increase the numbers of websites using Nonoba from 10,000 to 30,000.


Stella EOC acted as sole advisor to the sellers.