TECH

Angry Birds Maker Rovio Raises $42 Million

03/11/2011 08:56 am ET | Updated May 25, 2011

Rovio, the creator of the addictive and highly-popular game Angry Birds, has raised $42 million in a new financing round.

The Finnish company also announced that Skype co-founder Niklas Zennstrom will be joining its board.

Angry Birds, available on a multitude of platforms from the iPhone to Wii to Xbox 360 to (soon) Facebook, is played by 40 million active users every month. Seventy-five million versions of the game, which allows players to fling birds out of a slingshot at pigs, have been downloaded.

"Angry Birds is one of the fastest-growing online products I've seen, growing even faster than Skype, and the company has done a brilliant job of extending it across different platforms and merchandise," Zennstrom said in a statement.

Rovio CEO and co-founder Mikael Hed said of the new funding in a statement, "We will strengthen the position of Rovio and continue building our franchises in gaming, merchandising and broadcast media."

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