Danish games firm confounds credit crunch and actually raises money to branch into branded apps.
Kiloo will use the undisclosed amount, from investment house Firminvest, to open the Kiloo Media unit and further its activities with media and brand owners. At present, Kiloo is probably better known as a developer of games based on IP such as Lego and Happy Tree Friends. The first project from Kiloo Media will be released 1Q2009 with a commercial Danish TV broadcaster."Launching Kiloo Media allows us to unlock the full potential of the entire mobile population. Our technology spans across any age and demographic in the World today. Every brand out there would benefit from cooperating with Kiloo Media,” said Jacob Møller, CEO of Kiloo.
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