Social Gaming Startup Comunix Closes $30 Million Series A Funding
Comunix, a social gaming startup and the company behind the hit game Pokerface, said that it has closed $30 million in Series A funding led by March Gaming to accelerate its transformative vision of reinventing the social gaming experience and uniting people worldwide. New investors, including March Capital, Powerhouse Capital, Woori Investments and Altshuler Shaham, […]
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Comunix, a social gaming startup and the company behind the hit game Pokerface, said that it has closed $30 million in Series A funding led by March Gaming to accelerate its transformative vision of reinventing the social gaming experience and uniting people worldwide.
New investors, including March Capital, Powerhouse Capital, Woori Investments and Altshuler Shaham, also participated in the funding round. Comunix’s existing investors include Mitch Garber, Kaedan Capital, Velo Partners, Shay Ben-Yitzhak, Eitan Reisel and Baladi Ventures.
Founded in 2018 and based in Tel Aviv, Israel, Comunix is a social gaming company with a vision for interactive gaming experiences grounded in human connection. Formed by a team of seasoned technology and gaming professionals, Comunix aims to reinvent the current gaming experience by integrating innovative methods for human communication, such as group video chat, to create a seamless social experience for users. Comunix currently has 47 employees.
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Pokerface is the world’s first mobile social poker game that allows friends from all over the world to play Texas Hold ’em poker and connect via group video chat. In the past year, Pokerface has experienced explosive revenue and user growth and now has over 1 million monthly active users worldwide. Pokerface users range in age from 25 to 40, and 31 per cent of active users are female. Comunix will use its new funding to continue to grow Pokerface, further expand its gaming platform and aggressively hire talent across the company.
Mobile gaming continues to grow worldwide and represents one of the fastest-growing forms of digital entertainment, accounting for 52 per cent of the global games market, which reached $177.8 billion in value in 2020 and is expected to surpass $200 billion in value by 2023, according to Newzoo. As mobile games continue to gain traction among new audiences, the industry is expected to reach $98 billion in revenue by 2024, according to Sensor Tower.
