Montréal, October 8, 2014 – Cloudcade, a new mobile game start-up headquartered in California, announced that it has raised US$1.55 million in a round of seed funding and that it will open a studio in Greater Montréal. The company will use the start-up capital to hire top talent and develop a new generation of tablet games.
Cloudcade’s two co-founders, serial entrepreneurs Mathieu Rouleau and Di Huang
Cloudcade is run by its two co-founders, serial entrepreneurs Di Huang and Mathieu Rouleau, whose goal is to enter the global market by developing original, freetoplay games. The two executives have extensive experience in the field, as they have already founded a few other start-ups. “Over the past few months, our team has been working really hard on our first title. The first game will be a fantasy simulation that fosters cooperation among players. And it will be free-to-play, i.e., users can access it for free on their tablets or mobile phones and online,” said Mathieu Rouleau, Chief Technology Officer and Co-founder of Cloudcade.
Montréal International, whose mission includes attracting foreign direct investment to Greater Montréal, helped the company set up in the area. “High-tech start-ups are often brimming with innovative ideas that make major breakthroughs happen. They are only limited by their imagination. Greater Montréal is known for being an amazingly creative place and a breeding ground for talent. I am sure Cloudcade will find everything it needs here to reach its target market,” said Dominique Anglade, President and CEO of Montréal International.
The Québec subsidiary will be located in Saint-Lambert on Montréal’s South Shore and will be run by Johan Eile, a well-known figure in the Québec video game industry, who will oversee Cloudcade’s Canadian operations and communications between the company’s San Francisco and Greater Montréal studios.
“Montréal International and Investissement Québec have made it a lot easier for us to set up our business here by providing guidance and assistance every step of the way. Greater Montréal has built an enviable international reputation in the video game industry and it was only natural for Cloudcade to open an office here in order to harness the finest talent in the area,” explained Johan Eile, Chief Operations Officer at Cloudcade Montréal.
About Montréal International (www.montrealinternational.com)
Created in 1996, Montréal International (MI) is the result of a private-public partnership. Its mission is to contribute to the economic development of Greater Montréal and enhance its international status. Its mandates include attracting foreign direct investments, international organizations and international strategic workers as well as promoting the competitive and international environment of Greater Montréal. Montréal International—a non-profit organization—is funded by the private sector, the governments of Canada and Québec, the Communauté métropolitaine de Montréal (Montréal Metropolitan Community) and the City of Montréal.
Since its creation, Montréal International has helped to attract $10.6 billion in foreign direct investments to Greater Montréal. From these investments, 52,000 jobs have been created or maintained. To date, MI’s activities have also allowed almost half of some 60 international organizations to establish themselves in the city and attract and retain more than 9,000 international strategic workers.