A Major Investment in the Future of Mobile Gaming
PRESS RELEASE
Berlin | 17.08.2021
TONY NITSCHKE, CEO OF AUGMENTED ROBOTICS, HAS ANNOUNCED A MAJOR INVESTMENT IN THE FUTURE OF MOBILE GAMING
Over the past six months, Mr. Nitschke has met with over 15 C-level Officers from the toy manufacturing industry, and the trend is crystal clear: they are all struggling to cater to an increasingly digital consumer base. Digital innovation is an obvious growth area, but the industry has little to no expertise to expand there.
According to Statista, 38% of 6-year-olds in Germany already have their own smartphone. While the toy market has been stagnating for nearly half a decade, the mobile gaming market has been growing by 29% annually. The toy industry is (painfully) aware of this.
If the toy market is to compete, it must create responsible, engaging content that combines physical toys with digital interactions.
To be able to grow even faster, Augmented Robotics has completed a first closing round this week that satiates their financial needs for the next few years.
In tandem with a leading Japanese entertainment group, Grouport Ventures, as well as Depo Ventures, the Investment Bank of Berlin and Business Angels, Augmented Robotics will not only shape the future of toys, but also the entire mobile gaming industry. Augmented Robotics is particularly happy that Douglas Wong, Sales Director and a toy veteran of over 25 years, participated in this financing round.
Augmented Robotics has been developing its patented technology for the past three years and are looking forward to sharing these developments with consumers in the months to come.
This project is co-financed by the European Regional Development Fund [ERDF].
-ENDS-
For further information, please contact:
Augmented Robotics GmbH
Bismarckstraße 10 – 12
10625 Berlin
+49 (0)30 590-083296
christie.elizabeth@3.73.81.212