Agonalea Games Secures $2m
Written by Dante Uzel on 11 April 2025 12:04
Agonalea Games, an up-and-coming mobile game studio based in Buenos Aires, has successfully raised $2 million in a seed funding round. The investment was led by Mika Games, a prominent investor in the gaming industry, marking a significant step forward for the studio's development and expansion efforts.
The funding will be used to further develop and publish Agonalea Games' latest free-to-play title, Punko.io, as well as support the studio’s ongoing growth. Founded in 2018 by Pedro Aira, a former product manager at Sensor Tower, and Vanina Fregoti, a former project manager at Pixowl, Agonalea Games has quickly built an impressive portfolio with eight original games and contributions to more than ten other titles.
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"We are investing in Agonalea Games not just with capital, but with strategic support to help them build innovative, standout mobile games," said Nick Katselapov, founder of Mika Games.
This investment represents Mika Games' third backing of a mobile game studio, following their support of Guli Games and Hot Siberians. Mika Games itself raised $10 million in an initial funding round in April 2024, with plans to raise an additional $50 million in the near future. In addition to providing financial backing, Mika Games offers a suite of services, including marketing, game design, and monetization support to help developers succeed in an increasingly competitive market.
"83% of mobile games fail within three years, and a significant factor contributing to this is the lack of financing and business guidance," Katselapov explained. "By offering both capital and strategic expertise, we aim to give studios the best possible chance of thriving."
Tags: Agonalea Games
