Eneba tech.eu

Lithuanian startup Eneba scores $8 million to grow online gaming marketplace

Lithuanian gaming marketplace Eneba has raised $8 million from Practica Capital and InReach Ventures, with support from FJ Labs and angel investors such as the COO of the country’s first unicorn, Mantas Mikuckas of Vinted. The marketplace localises the shopping experience and offers discovery tools for locally trending games. Notably, the Baltic company is the […]

Swedish gaming powerhouse Stillfront secures €365 million in financing

Stillfront, the Sweden-based company behind 16 game studios located around the globe, has secured a revolving credit facility of approx. €365 million to finance its growth. The company says the fresh credit facility, with maturity in December 2023, gives it “cost-effective financing, an increased financial flexibility, and a prolonged time to maturity”. The move supports […]

MTG Hutch tech.eu

MTG acquires UK game developer Hutch for $375 million

Swedish holding company MTG has announced the acquisition of Hutch Games, a British developer and publisher of mobile racing games, for about $375 million total, further diversifying its portfolio of specialist gaming and esports companies. The deal includes an up-front consideration of $275 million (on a cash and debt free basis) and earn-out payments of […]