Animoca Brands' Garfield's Escape app
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China’s Ourpalm invests $2.3M in Garfield game maker Animoca Brands

Chinese web and mobile game developer Ourpalm has invested $2.3 million in Animoca Brands, the maker of mobile games such as one based on the Garfield cartoons. The deal shows there continues to be a lot of investment activity in mobile gaming, which market researcher Newzoo believes will reach $30 billion in 2015.

Hong Kong-based Animoca Brands (a spinout from Animoca) went public in January on the Australian Securities Exchange (ASX). The company raised $2.4 million from that earlier transaction. Under the deal, Ourpalm is investing $2.3 million (3.1 million Australian dollars) into Animoca Brands to obtain newly issued shares that give Ourpalm 11.11 percent of the company’s capital. The deal will help Animoca expand to the Chinese mobile game market.

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Written by

Dean Takahashi

Dean Takahashi is editorial director for GamesBeat. He has been a tech journalist since 1988, and he has covered games as a beat since 1996. He was lead writer for GamesBeat at VentureBeat from 2008 to April 2025. Prior to that, he wrote for the San Jose Mercury News, the Red Herring, the Wall Street Journal, the Los Angeles Times, and the Dallas Times-Herald. He is the author of two books, "Opening the Xbox" and "The Xbox 360 Uncloaked." He organizes the annual GamesBeat Next, GamesBeat Summit and GamesBeat Insider Series: Hollywood and Games conferences and is a frequent speaker at gaming and tech events. He lives in the San Francisco Bay Area.