CMON Secures 5 Million in Financing
Cool Mini or Not has just announced their first round of investment from a Singapore asset management company.
From the Press Release:
CMON Limited Secures US$5.3 million for Series A Financing Round
CMON Limited announced today that it has successfully secured US$5.3 million for its Series A Financing Round, in order to continue meteoric growth in the tabletop games space.
Specializing in premium games marrying high quality components and miniatures with great game design, CMON has published several award winning titles including smash hits like Zombicide, Arcadia Quest and Blood Rage.
CMON pioneered the use of crowdfunding platforms like Kickstarter to generate funding while creating demand for its games. With over US$20 million funded via Kickstarter thus far, CMON is one of the fastest growing companies in the industry.
“CMON’s goal is to create great games,” says Chern Ann Ng, CEO of CMON. “This capital gives us the ability to expand quickly by bringing in more talent, acquire established titles from other publishers, as well as pursuing licenses that have mass market appeal.”
Further financial terms of this deal have not been disclosed.
About CMON Limited
CMON is an international publisher of boardgames, tabletop games and apps. It trades under the brand “CoolMiniOrNot” and operates the popular site www.coolminiornot.com. Beginning from small hobbyist roots, CMON has grown into a multinational group that publishes several award winning games, including Zombicide, Arcadia Quest and Blood Rage.
http://www.cmon.com/
http://www.coolminiornot.com/
About Quantum Asset Management
Quantum Asset Management, Singapore is a Registered Fund Management Company with the Monetary Authority of Singapore, and manages the fund investing in CMON.
Quantum Asset Management has been providing fund management services to qualified investors since 2004 and specializes in Pre-IPO investments in Asia high growth companies that are capable of becoming public listed entities.
http://www.quantumasset.com/
It would seem that CMON has chosen the venture capitol – IPO route based on the description of Quantum Asset Management.
~They are clearly wanting to grow into a major player in the industry by selecting this route.
