Gemini Israel Ventures Leads $6M Round in MoMinis
Gemini Israel Ventures has invested in mobile game publisher MoMinis along with the company's current investors in a $6 Million financing round. MoMinis, headquartered in Tel Aviv, is currently in its fifth year of operations and has reached 35 million users, 5.5 million actives and 1 million daily actives. The company also has 100 games in the development pipeline.
CEO Itzik Frid described a New York game developer that partnered with MoMinis and saw more than 1 million downloads in a month. Frid also pointed out that MoMinis has been highlighted as a top developer on Google Play.
The new funding comes on the heels of a $4.5 million round earlier this year, bringing MoMinis' total funding to $15.4 million, including more than $10 million this year alone. Proceeds from the latest financing round will go to expand the team, move to other platforms like iPhone, Windows Mobile, and Facebook, and to add new revenue channels.