Kings of Games Closes Seed Round Led by Transcend Fund

Young Slovenian studio has seen early traction with unique mobile chess game, Chess Universe

Ljubljana, Slovenia, 16. August 2021 -- Kings of Games today announced that it has closed a seed round funding led by early stage venture capital firm, Transcend Fund, who invests in ambitious and talented founders in the gaming industry. Founded by chess Grand Masters and entrepreneurs Duško Pavasović (CEO) and Luka Lenic (COO) as well as game industry veteran Matej Jenko (CPO), Kings of Games has assembled a small, but stellar team of highly motivated experts with exceptional technical expertise. Their mission is to create accessible yet deep mobile games for underserved audiences – their first game is Chess Universe, a unique gamified chess experience suitable for beginners and masters alike.This is the first early stage investment by a major games VC in Slovenia. The games industry in the Balkans has seen significant growth lately and is quickly becoming a hotbed for ambitious start-ups and games studios.

“The investment greatly accelerates our ability to scale the scope of our game through live ops and updates,” says Duško Pavasović, CEO & Co-Founder, Kings of Games. “Already we see strong organic growth and a thirst among both casual and core audiences for an even deeper chess experience.”

Shanti Bergel, Managing Director of Transcend Fund, adds: “Chess is not only a timeless contest of strategy. It is also a gaming language that billions speak fluently. From Queen’s Gambit to streamers and esports, chess is quietly having a moment around the world. Transcend is proud to back the exceptional and unique team at Kings of Games as they build for this exciting global community.”

 

About Kings of Games

Kings of Games is a fast-growing mobile games developer, based in Ljubljana, Slovenia. ​ ​ Founded by chess Grand Masters and entrepreneurs Duško Pavasović (CEO) and Luka Lenic (COO) as well as game industry veteran Matej Jenko (CPO), it has assembled a small, but stellar team of highly motivated experts with exceptional technical expertise. Kings of Games’ mission is to create accessible yet deep mobile games for underserved audiences – their first game is Chess Universe, a unique gamified chess experience suitable for beginners and masters alike.

About Transcend

Transcend Fund is an early stage venture capital firm that partners with some of the most ambitious and talented founders in the game industry to collaboratively build the future of digital entertainment.

Get updates in your mailbox

By clicking "Subscribe" I confirm I have read and agree to the Privacy Policy.

About Games PR

Games PR for Germany and Europe. This is a service of the communications agency Visibility Agency from Berlin. Info about us: Company Deck.

Contact

Visibility Agency Wichertstr. 16/17 10439 Berlin

03058859941

[email protected]

visi.bi