Madbox announced its investment in the French mobile game studio, LolTap. The transaction services firm, 2CFinance, conducted financial due diligence of LolTap.
Over the past three years, LolTap's mobile games, such as Farm Land, EmojiCraft!, and Idle Slice and Dice, have reached millions of players worldwide. The studio boasts over 90 million players, 95,000 cumulative years of playtime, and more than 425,000 reviews.
Madbox, which launched in July 2018 after the merger of two Paris-based game studios, has produced games including "Dash Valley," ranked in the top 50 of the best free game downloads on the App Store in the United States, and "Stickman Hook". To help fuel its creativity and economic growth, MadBox develops in-house automation tools to shorten its development time and improve its economic performance on a large scale.
The LolTap team will join Madbox as part of an exclusive strategic partnership aimed at creating next-generation free-to-play mobile games. This investment will further strengthen Madbox's market position in the gaming industry and expand the company's expertise in the development of mobile games.
Madbox is a French mobile game developer and publisher, and LolTap is a French mobile game studio that has demonstrated strong growth over the past few years. This partnership between Madbox and LolTap will allow both companies to leverage their respective strengths and create innovative mobile games that appeal to a broad audience.
