WI Harper Group, a Chinese early growth and expansion stage venture capital firm has invested $4 million in a co-lead round with Matrix Partners into SNS Plus, an international publisher and distributor of worldwide games with a focus on the Asian market.
The $12.5 million raised by SNS+, a Taiwan based company, is significant as it’s an amount that has not been seen in Taiwan’s early stage Internet related companies for over a decade. The model here is bridging mainland game studios to the overseas market, and having a channel focus to secure stable money, which SNS+ has already done.
SNS+ proprietary technology provides server, bandwidth, specialized tech support centers, and overseas operational experience. As of June 2011, SNS+ has published more than 60 games on Facebook, and more than 15 games on other platforms such as Zingme, iPhone, Friendster, etc.
Founded in 1993, WI Harper Group is one of the founding venture capital franchises in Greater China. The firm invests in early and expansion stage companies with significant operations in China and aspirations to become global leaders. The firm has made over 150 investments in the technology, clean technology and health care sectors. The firm manages over $750 million in committed capital.