My guest on this week's episode of the podcast is Annina Salvén, the COO of BIT ODD, a Helsinki-based gaming studio that was recently profiled by the WSJ. Bit Odd raised $18MM in a seed extension this month, following on from the €5MM seed round it raised in 2022. My fund, Heracles Capital, is an investor in both rounds.

I asked Annina to join me on the podcast to discuss the current state of venture fundraising for mobile gaming. Specifically, we cover:

Why Anniina returned to mobile gaming, given the challenges;
How the 2016-era of mobile gaming compares to today;
The distribution challenges now relative to 2016-2018;
The opportunities in mobile gaming now from a revenue growth perspective;
How mobile gaming start-ups should think about exit opportunities;
The process for BIT ODD in raising its Seed extension;
What mobile gaming start-ups should look for in an investor;
The cross-platform gaming opportunity;
Whether games publishing is still viable;
Helsinki's evolution as a mobile games development hub.

Thanks to the sponsors of this week’s episode of the Mobile Dev Memo podcast:

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Season 4, Episode 12: The mobile gaming fundraising market (with Annina Salvén)

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