Developer Amber Studio has scored a $20 million minority investment.
The money is coming via a fund under the advisement of Emona Capital which values the firm at $190 million. This cash is apparently to fuel Amber's merger and acquisition strategy. The deal also sees Emona Capital's Dominik Dolenec joining Amber's board.
“We are thrilled to form a partnership with Emona Capital, and we welcome Dominik Dolenec to Amber’s Board," Amber CEO Jaime Giné (pictured) said.
"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."
Dolenec added: “Amber is at an exciting point in its rapid global expansion, and we are thrilled to partner with Amber’s exceptional leadership team. We believe that the gaming industry has a bright future, and that Amber is uniquely positioned to benefit from the broader market trends thanks to the strength of its client base, the breadth and depth of its capabilities and the Company’s remarkable culture.”