Hatch receives minority investment from NTT DOCOMO Ventures.
Hatch Entertainment, an Espoo, Finland-based company aiming to build an on demand service for mobile video games, announced getting into an investment agreement with the Japanese mobile operator NTT DOMOCO.
The agreement, which has the financial details undisclosed, is part of a larger partnership deal that involves that the venture arm of NTT, NTT DOCOMO Ventures, will take a minority equity position in the Finnish company.
As the first step in the partnership, in February 2019 Hatch will be soft launched in Japan for Android phones and also appear automatically on DOCOMO’s Android TV-based set top boxes, with users in Japan offered a free 90-day trial membership of Hatch Premium.
Hatch Entertainment, led by CEO Juhani Honkala, was founded in 2016 as a spin off from Rovio Entertainment, provides a streaming service against a flat-fee monthly offer in order to give players a greater choice of titles and replace the irritating free-at-first, pay-later model that has dominated this decade.
The company provides Hatch Premium, which offers unlimited, on-demand access to more than 100 high quality, premium games to play on mobile or TV such as Monument Valley, Space Invaders Infinity Gene and Hitman GO.\
Prior to this deal, Rovio owned 80 percent of Hatch, which operates as an independent subsidiary. Hatch’s platform, which runs on Android phones, is also backed by U.S. wireless chip giant Qualcomm and China’s Huawei, the world’s third-largest smartphone maker.