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Home General Gaming

After Five Years, 5th Planet Games Says Yes to More Money

Paul Balo by Paul Balo
July 18, 2014
in Gaming
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5th Planet Games, developers of renowned free-to-play Facebook games such as Dawn of the Dragons and Clash of the Dragons, have gained an important investment amounting to $3 million in high-growth capital. This funding marks their first external round of financing for the past five years, originating from firms DCA Capital Partners and Moneta Ventures.

Even though located in the less frequently mentioned gaming hub of Rocklin, California, 5th Planet Games’ aspirations and expansion plans resonate with those of various gaming startups primarily located in major cities like Los Angeles and San Francisco. Nevertheless, a unique facet of this company lies in their history of resisting outside funding, demonstrating a sense of independence crystallized in their philosophy – “we’ll make games for ourselves.”

As explained by Braden Moulton, the President and COO of 5th Planet, their self-sustenance was a distinct sense of accomplishment, granting them the power to direct their journey and learn from their setbacks. However, in view of a revenue growth plateau between 2012 and 2013, they now acknowledge that external capital might accelerate their advancement towards the level of larger firms, like Kabam. Kabam posted striking growth, with revenue reaching $360 million in 2013, indicating a significant rise from $180 million in the preceding year.

“It seemed like we had hit the max of what we could achieve independently,” Moulton admitted. The company, which currently employs 70 experts, aims to allocate the newly acquired capital towards marketing maneuvers and accelerating their game launch procedures.

The firm’s current focus is to unveil at least two novel games in the upcoming quarter. In contrast to their former games developed for Facebook and the flash game portal Kongregate, the future releases will primarily cater to mobile-user demographic.

Minor enhancements were applied in 2025 for readability.

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Paul Balo

Paul Balo

Paul Balo is the founder of TechBooky and a highly skilled wireless communications professional with a strong background in cloud computing, offering extensive experience in designing, implementing, and managing wireless communication systems.

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