PlaySpace, a developer and operator of social, multi-player evergreen games, announced that it has secured $1.9 million in funding in a round led by PeopleFund, with the participation of the Spanish venture fund Faraday Ventures.
Founded in 2011, with offices in Spain and MIami, PlaySpace has launched traditional Spanish games such as Parchis, Dominos, Luno, La Oca and Chinchon. The games are available on Facebook and on the Spanish social network Network Tuenti and will soon be offered in IOS and Android, the company said. They are offered as a freemium service, and users can purchase virtual currency and goods. PlaySpace’s gamer community has more than 3 million users, according to the company.
PlaySpace said the funds will be used to improve its products, develop and launch new games and to expand internationally, aiming to be the leader in the Spanish and Portuguese-speaking market. PlaySpace said it is looking to launch its portfolio of games in the United States and in Latin America.
PeopleFund, founded by South Florida entrepreneur Matias de Tezanos, has made 22 investments in technology companies in the USA, Latin America, Europe and Asia, and has founded and sold the following companies: Hoteles.com, acquired by Expedia/IAC; ClickDiario, acquired by FOX; MailCreations.com, acquired by Livedoor; and BrokerWeb.com, acquired by VantageMedia.