Pocket Gems

Developer of a social platform intended to offer genre-defining games and entertainment

    Description

    Developer of a social platform intended to offer genre-defining games and entertainment. The company's social platform offers graphically rich mobile games, fun new genres of mobile entertainment and innovative technologies, enabling individuals to avail innovative games and connect with friends and peers socially.

    Company Status

    The company received $90 million of Series B1 financing from Tencent Holdings (HKG: 0070) on May 11, 2017, putting the company's pre-money valuation at $410 million. The company intends to use the funds to scale the business to the next level.

    Service Providers
    General Services
    NameType
    GoodwinLegal Advisor
    Services on a Deal
    NameType
    DLA PiperLegal Advisor
    GoodwinLegal Advisor
    General Information
    • Company Former Name
      Streetview Labs
    • All Industries
      Application Software, Entertainment Software*
    • Company Financing Status
      Venture Capital-Backed
    • Total Raised
      $155.47M
    • Business Status
      Profitable
    • Ownership Status
      Privately Held (backing)
    • Universe
      Venture Capital
    • Website
    • Year Founded
      2009
    Employees
    • Employees
      250
    • Employee History
    Financials
    in thousands, USD
    • Revenue
      210.00
    • Fiscal Period
      FY 2017
    Acquirers
    First Financing
    • First Financing Date
      December 15, 2010
    • First Financing Size
      $5.47M
    • First Financing Size Status
      Actual
    • First Financing Valuation
      $15.64M
    • First Financing Valuation Status
      Actual
    • First Financing Deal Type
      Early Stage VC
    • First Financing Deal Type 2
      Series A
    • First Financing Deal Class
      Venture Capital
    • First Financing Status
      Completed
    Last Financing
    • Last Financing Date
      May 11, 2017
    • Last Financing Size
      $90.00M
    • Last Financing Size Status
      Actual
    • Last Financing Valuation
      $500.00M
    • Last Financing Valuation Status
      Actual
    • Last Financing Deal Type
      Corporate
    • Last Financing Deal Type 2
      Series B1
    • Last Financing Deal Class
      Corporate
    • Last Financing Status
      Completed
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