eRepublik is a massive online social strategy game (as they like to call it) that started popping in 2007 when it received a seed funding of €200.000. The game is set in a mirror version of the real world in which players (citizens), join in local and national politics, set economic policy, start businesses and wage wars with other countries.
Techcrunch reports of a €2 Millions Series A round from french fund of funds and venture capital AGF private Equity. While AGF wins hands down the Worst Website of the Century award it certainly is a very interesting venture capital fund, with €2.5 billions under management and investments in some of the best european startups, such as Meetic, Dailymotion, Viadeo, Yoono and others.
The spanish company will also use the funds to finish the development of the game and launch the spanish version, while also launching new games based on the eRepublik platform.
“We sometimes invest as early as the seed stage in exceptionally exciting companies and eRepublik was one of them last year. We are happy to confirm our first judgement with this new round: eRepublik creates dense and long-lasting games on a low-cost basis, while leveraging fully the strong engagement of its players – something the gaming industry would be very glad to industrialize,” comments Guillaume Lautour of AGF Private Equity.
“The existing game represents 25% of what the final product will be,” states Alexis Bonte, Co-founder and CEO of eRepublik. “With the help of AGF Private Equity and Guillaume Lautour, whom I am delighted to welcome to our board, we will have the means to make our ideas, along with those gathered from our enthusiastic community, come true,” ends Bonte.