Venture Capital Access Online | The eMarketplace for the Venture Capital Industry

 

Bookmark and Share   

Home

Marketplace
Database
Deals
News
Store
Resources
Contact Us

 

 

 

News


VCPro Database

Nix Hydra Announces $5M in Series A Funding from Foundry Group

Company Announces 9 Million “Egg Baby” Downloads; Begins Active Hiring Initiative Seeking Talented People Interested in Creating Games for a Female Demographic

LOS ANGELES, May 29, 2014-- Today Nix Hydra, a Los Angeles-based software entertainment company dedicated to making fun, interactive products for young women, announced its first significant round of venture funding in the amount of $5 million from Foundry Group; a VC firm focused on funding early stage technology companies like Zynga, FitBit and Harmonix. This Series A round takes Nix Hydra’s total funding to more than $5.6M and includes one new angel investor: Mike Lazerow (Buddy Media CEO and Cofounder). Previous angel investors include Matt Britton (MRY CEO and Cofounder), Vinny Lingham (Gyft CEO and Cofounder), Brad Schwartz (Riot Games investor) and others.

“Having spent a significant time in the gaming space serving on the boards of Zynga and Harmonix, I can say first hand that there aren't enough companies focused on creating apps and games for young women – and even fewer that are run by women. Nix Hydra changes that,” said Brad Feld, Managing Director at Foundry Group. “Lina and Naomi bring the perfect combination of talent, success and attitude that’s going to help catapult them into becoming one of the most fun and successful developers in the industry. They’re a force to be reckoned with, and I can’t wait to see what they create next.”

Nix Hydra was established by Lina Chen and Naomi Ladizinsky in 2012. The studio’s eccentric, irreverent spirit is reflected in the nature of their mobile offerings, Egg Baby and Hot Guy Alarm Clock. The startup’s debut game, Egg Baby, is a virtual pet egg that hatches into a variety of gift-giving creatures depending on how the player treats the egg. The game quickly became a massive phenomenon in the U.S. among teen girls when it launched in 2013, touting almost 9 million downloads with zero marketing spend and an impressive 4.5/5 average score from more than 108K reviews for the iPhone and iPad platforms. The Series A funding will help Nix Hydra further develop the Egg Baby franchise and expand into international markets, and will help the company develop brand new IP that fit the Nix Hydra brand and female-dominant fan base.

“Foundry is very much aligned with us in our vision for this company and we couldn’t be more excited to have their support as we work towards making it a reality,” said Lina Chen, CEO and Co-Founder of Nix Hydra. “We’re hiring in a variety of fields, and encourage any talented people who are interested in making games for a predominantly female fan base to join our spirited, diverse team.”

To learn more about Nix Hydra, visit www.nixhydra.com.

About Nix Hydra

Established in 2012 by Lina Chen and Naomi Ladizinsky, Nix Hydra is a Los Angeles-based software entertainment company dedicated to making fun, interactive products for young women.

Contact:
Nix Hydra
Amanda Taggart, 310.980.9587
amanda@nixhydra.com


News Index

Venture Capital Database

Venture Capital Deals Spreadsheet

 

 NEWS

Latest VC News
VC News Archive
News Search
Venture Capital Deals
RSS News Feed

List Your Firm

Entrepreneurs
Investors
Advisors

Venture Capital Database

VCPro Database
Download Trial
Buy Now

Venture Capital Deals

vcaDeals
Download Sample
Buy Now

VC Tools

VC Pitch
Private Placement Memorandum

Business Plan Tools

Free Business Plan Template
Business Plan Tools

 

 

Copyright © 1998-2014 Access InterComm  All rights reserved. 
Site Map | Privacy Statement | Legal Notice & Disclaimer