London gaming company secures £22.5m investment for recruitment and more game launches
A London-based games developer and publisher has received £22.5m worth of investment to support “ambitious organic growth strategy and future game launches.”
The investor, LDC, previously had two-year partnership with indie games developer Team17. The independent creator saw international sales increase 40 per cent during the two-year partnership.
Marmalade’s catalogue of digital boardgames includes Monopoly, Cluedo and Game of Life, licensed by gaming firms such as Hasbro.
Michael Willis, joint CEO of Marmalade Game Studio, said: “In LDC, we have a partner that is committed to backing our ambition and working closely with us to make our business plan a reality.
“It was also important to us that our backer was supportive of the strong working culture we have created, and we know from LDC’s track record they will help us to maintain the creative spirit and supportive environment that Marmalade is known for.
“With more game launches on the horizon and our recruitment drive ongoing, we’re excited to continue driving our expansion.”
Jacob Leone, investment manager at LDC in Manchester, added: “[Marmalade co-founders] Michael and Cristina are truly inspirational leaders who have helped to transform Marmalade into the leading games business that it is today.”
The gaming industry has experienced exceptional growth in recent years, and Marmalade has seized the opportunity to provide players with the best quality games to enjoy.“
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