Infinity Levels Studios Raises 500k

Infinity Levels Studios (formerly known as Avalable) Raises 500k in a convertible bond. The funds will be used to improve animal racing game Ranch Run, which will be launched worldwide next year.

Thailand-based gaming studio Infinity Levels Studio has raised US$500,000 from InVent, the venture arm of Thai firm Intouch Holdings PCL.

Ranch Run is being made available in four markets: Australia, New Zealand, Thailand and Malaysia.In total, the iOS game app has generated more than 45,000 downloads, with most of the user base coming in from Thailand.

The game app will be made available globally in January 2015, alongside an Android launch.

Speaking to SiamStartup, Nikki Assavathorn, Co-founder and CEO, Infinity Levels Studio, said that:

We are very excited to have InVent as our investor as we believe they can help provide a business synergy with AIS, which now has 40 million users. The INTOUCH partnership with Singtel could also accelerate our growth in the region. We are currently looking to recruit more programmers and artists.