Helsinki-based mobile games studio Metacore raises €150 million, builds on Merge Mansion success

Helsinki-based mobile games studio Metacore raises €150 million, builds on Merge Mansion success

Finnish mobile games company Metacore has secured a €150 million credit line from crosstown friend Supercell. This credit line adds on two Supercell’s previous faith in the company, investing €5 million in 2018, and €15 million in 2020, as well as a €10 million credit line.

The funding is expected to augment the Metacore team as well as scale global operations of the firm’s inaugural title, Merge Mansion.

“Metacore is going from strength to strength. Merge Mansion launched globally against very high expectations, and it’s safe to say that Metacore not only met those expectations, but also showcased what an exceptional team they are. We invest first and foremost in exactly that – strong teams, and their ability to make amazing games independently,” comments Supercell’s Jaakko Harlas. Founded in 2014 by Aki Järvilehto and Mika Tammenkoski, initially as a wearable games company, Metacore launched their first puzzle discovery game, Merge Mansion, in 2020 to commercial success. The title counts over 800,000 daily players, and Metacore reports an annual revenue run rate of over €45 million.

Metacore takes a novel approach to games development. They build and test games in small 2 to 3 person teams that have complete autonomy, and only augment the team size when the concept has been validated via player feedback. In doing so, they’re to quickly iterate, pivot, or scrap ideas, allowing them to strike when the iron is hot, i.e. Merge Mansion.

The studio now hosts close to 30 developers and is actively seeking to fill key roles in game development and brand marketing, but are quick to point out that they aren’t in any big rush.

“This is a pivotal point in Metacore’s journey and Merge Mansion’s growth. Now we’re focused on filling the critical roles that will help us seize the momentum,” Tammenkoski says.

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