Amber Studio SA, a leading global independent game developer, announced that a fund advised by Emona Capital LLP (“Emona Capital” or “Emona”), a London-based investment firm, has agreed to invest up to $20 million at a $190 million post-money valuation to accelerate Amber’s global growth through M&A.
Part of the proceeds will also be invested in the company’s internal infrastructure to underpin continued rapid organic expansion. Dominik Dolenec, Managing Partner at Emona Capital, will be appointed to Amber’s Board of Directors, bringing his wealth of experience to bear in support of Amber.
“We are thrilled to form a partnership with Emona Capital, and we welcome Dominik Dolenec to Amber’s Board. After almost a decade of purely organic development, we are pleased to enter a new stage for Amber, a period of even more accelerated growth. Emona Capital has proven experience in emerging markets, which matches our expansion thesis and which we are confident will aid our expansion plans. As a people-centric organization, it was crucial for us to find a partner who understands and respects our development vision. With Emona, we share the goals for Amber’s future – one that is focused on key stakeholders, our clients and our teams, and built on a promise always to deliver quality through incremental and breakthrough innovation. Together, we will continue to develop our joint vision of evolving Amber into a global player that sets industry standards while adding value to the creative industries at large,” stated Jaime Giné, CEO of Amber.