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Goo Technologies Gets Stuck with Funding

2013-08-21
STOCKHOLM, SWEDEN, Leader in HTML5 high-end graphics for games and interactive visualizations on the web and the company behind the Goo Engine, today announced it has secured an undisclosed amount of seed funding.
Goo Technologies, the leader in HTML5 high-end graphics for games and interactive visualizations on the web and the company behind the Goo Engine, today announced it has secured an undisclosed amount of seed funding to accelerate expansion amid the rapidly evolving and high-growth market for WebGL powered HTML5. The financing round was led by MOOR, a Swedish super angel investor owned by Kaj Hed, chairman and 70% stakeholder in Rovio Entertainment, creators of the globally successful Angry Birds franchise.

'We are excited about working with such an exceptional team and a technology that can bring a disruptive change to the interactive graphics industry,' said Kaj Hed. 'Goo is extremely well positioned to be a real HTML5 ecosystem game changer, on any screen.'

Goo Technologies is a pioneering web technology company based in Stockholm, Sweden, with a vision where all digital experiences are available instantly on all devices, everywhere. Using its proprietary and world leading WebGL rendering solution, the company has made it easy to distribute high-end hardware accelerated 2D and 3D graphics straight into the web browser or as HTML5 apps on mobile devices. The Goo Engine is capable of publishing advanced games online just like a web page and making them available on any device regardless of physical location.

Through the Goo Engine, the company revolutionizes the publication and distribution of games by enabling millions of web developers to create real time and interactive high-end graphics directly in the browser on HTML5. Goo developers can deliver their games and apps as-a-service in any browser, thereby increasing revenues and reducing costs by simplifying development and maintenance.

'People have truly been astonished by what we can do with the Goo Engine,' said Marcus Krüger, Chairman, Goo Technologies. 'The industry is waking up to the fact that HTML5 and WebGL represent a massive shift in how games are distributed and how people create and access interactive graphics online. It enables game publishers to provide platform independent productions that can be run on all devices with WebGL support without the use of plugins or downloads, instantly and everywhere. This round of funding will enable our industry-leading platform to address the burgeoning demand for high quality, immersive, browser-based graphics and gaming everywhere.'

About Goo Technologies

Goo Technologies is a pioneering web technology company based in Stockholm, Sweden. Our Vision is a world where all digital experiences are available instantly on all devices, everywhere. In the internet world we envision, advanced games and interactive graphics are published online just like a web page. It's a world where even the most advanced games are made available on any device regardless of physical location.

Using our amazing Goo Technology, we help the gaming world revolutionize the publication and distribution of games by enabling seamless instant and interactive 2D and 3D game experiences directly in the browser. This allows our customers to deliver their games as-a-service, in the browser and thereby increasing revenues and reducing costs by simplifying development and maintenance. Games can finally be published in all web channels and on all devices; computers, tablets, smartphones and smart TVs.

About MOOR

MOOR is the seed stage venture investment firm of serial entrepreneur Kaj Hed, who founded Trema in 1992 and is the majority owner of Rovio, creators of the Angry Birds franchise. Focused on global digital opportunities, MOOR uses its broad global network and experience with high growth companies to add value as it actively supports portfolio company teams.
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