Idle Gaming
Idle engine, a distributed simulation platform designed to provide an unshared game world with social game mechanics.
| Date | Investors | Amount | Round |
|---|---|---|---|
| N/A | €0.0 | round | |
| N/A | $10.0m | Series B | |
| Total Funding | 000k | ||
Idle Gaming, established in 2009 by serial entrepreneur Rick Thompson, carved a niche in the burgeoning social and mobile gaming market from its headquarters in San Francisco. Thompson, who also co-founded Playdom and Signia Venture Partners, brought significant industry experience, which was augmented by co-founder and former advertising executive Jeffrey Hyman, who served as CEO. The company's initial strategy focused on developing high-quality social games, culminating in the 2012 launch of its first title, *Idle Worship*, a 'god game' backed by a substantial $19 million investment from Thompson himself.
The firm operated within the free-to-play mobile casino and social games sector, generating revenue primarily through in-app purchases. This model allows players to access games for free but offers virtual goods or currency to speed up progress or enhance gameplay. The company's portfolio included titles such as *Slots of Fun* and *Video Poker Tour*. However, its most notable product was *Fresh Deck Poker*, launched in 2013. This game was distinguished by its high-quality graphics and a feature that used real-life dealers, aiming to provide a more authentic poker experience on platforms like Facebook, iOS, and Android.
Idle Gaming's commitment to production values earned it industry recognition, including an EGR Operator Innovation Award in 2013 for 'Innovative Gaming Start-Up'. The company successfully raised a total of $19 million over two funding rounds, including a $4.1 million Series A in February 2011 and an undisclosed Series B later that year, with Signia Venture Partners being a key institutional investor. Despite its initial successes, the increasingly competitive social poker space presented significant challenges. In a strategic exit, Idle Gaming was acquired by GSN Games, a division of Sony, on March 30, 2015. Following the acquisition, key titles like *Fresh Deck Poker* were eventually removed from app stores.
Keywords: mobile gaming, social casino games, free-to-play, in-app purchases, game development, Rick Thompson, Fresh Deck Poker, GSN Games, video poker, social gaming, EGR Awards, Signia Venture Partners, Idle Worship, Slots of Fun, mobile game monetization