Lisbon, Portugal – March 30, 2015 – Today, the gaming start-up Bica Studios announced that it has closed its first seed investment round, in order to boost the development of new games of which SMASH TIME will be the first title that will soon be released. The round was led by Portugal Ventures, the leading VC in Portugal.
With this investment, Bica Studios aims to continue its path to becoming a leading casual gaming studio with a specific focus on creating long-lasting and powerful worlds and iconic characters. A vision that stands out from the crazy boom of Portuguese gaming startups, where more gaming studios have been created in the last year than in the previous decade.
Smash Time, Bica Studios new title soon to be released, starts from the pervasive “smashers” sub-genre with a free-to-play approach, but aims at creating a true entertainment service.
“We are a passionate team with experience in the gaming business and we are totally focused on creating games as entertainment services, at their finest. We want to connect all kinds of Players through immersive connectivity in social, simple controls and engaging storylines, which may well go beyond the mobile app space in the future” said Nuno Folhadela co-founder.
“We are betting on mobile because of its potential to reach hundreds of millions of players and for being the perfect medium to show our cool games. That said we are keeping an eye on emerging technologies such as virtual and augmented reality in order to explore new ways of entertainment.” said Miguel Tomas co-founder.
The Board of Directors of Bica Studios will be expanded with two new members joining: Marcos Osorio, from Portugal Ventures, and Nuno Goncalves Pedro, as independent Board member, currently managing partner of San Francisco’s VC fund Strive Capital.
“What excites me most about Bica Studios is the new approach to casual gaming: a more immersive storyline, deeper characters and great game play. I look forward to this journey with the team with a view to becoming a significant global player in the space” said by Nuno Gonçalves Pedro.