Rick Richter’s Ruckus Media Group has received an important vote of support in the form of $3.5 million in new funding. The Series A funding was led by Alsop Louie Partners along with private investors. “We see today’s ‘on-the-go’ family consuming more and more entertainment, information and educational experiences through high-caliber mobile applications,” said Richter. “Alsop Louie Partners’ support shows confidence in Ruckus’ mission and allows us to enrich our products, expand our offerings and expedite the development of original content with marquee titles.”
Ruckus released its first five apps on iTunes in mid-October and now has 15 apps. The new funding will let Ruckus broaden its product offerings across all major mobile devices in the coming months by expanding distribution from Apple’s iTunes to include Google’s Android Market, Research In Motion’s Blackberry App World, Amazon’s App Store and the Barnes and Noble Nook.
Commenting on its decision to make the Ruckus investment, Jim Whims, a partner with Alsop Louie, said: “Ruckus is a proven performer accomplishing much in a very short amount of time. We look forward to assisting them as they expand their catalog to include a diverse range of platforms and devices for the plethora of established and upcoming titles.”
