TECH CRUNCH - Dec 5 - Mobile gaming publisher Gumi, which has been growing very rapidly lately, raised $26M last week in a series F round. Gumi has 140 employees. Its growth started taking off this year. The company expects to sell more than $50M worth of virtual in-game coins this year which can be used by players to outfit their characters and level up. The company currently has eight games, including Yakuza Wars, Pirate Wars, and FIFA World Class Soccer. It has 10M registered users in Japan, and 1M active users per month. The average revenue per user in Japan is between $2.50 and $4.00, with some players paying $50 to $100 a month in virtual goods.
by Erick Schonfeld
See full article at Tech Crunch
