GamesGRABR, the social network for gaming, has raised more than £450,000 in its second round of funding on the Crowdcube platform, smashing its initial £250,000 target by over 80 percent.
The games network attracted 221 investors, including the London Co-investment Fund, launched by the mayor of London Boris Johnson, which put in £100,000.
GamesGRABR is a social platform where gamers play, share, discover and buy games, and is the first technology company to receive funding from the £25 million London Co-investment Fund (LCIF) via Crowdcube.
Tony Pearce, CEO of gamesGRABR, said: “Our unique approach of creating a community ‘by gamers for gamers’ who want to be part of our growth along with key investors has been incredible. With this new funding round we can begin to scale up our global PR and marketing efforts, plus add to our successful partnerships with vgloggers on YouTube.
“Our vision is to be the biggest social network for gamers, the place to find everything you love about gaming and this funding will set us well on the way.”
GamesGRABR initially raised more than £175,000 on Crowdcube a year ago, overfunding on its original target of £150,000. Since its launch in 2010, the company has secured major deals with retailers including Apple, Amazon and GAME.