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 […]
Welcome to an interview special episode of our podcast: a format, in which we put together a few pre-recorded conversations with some of the most interesting people of the European startup ecosystem.
Sugar Cap, a UK platform that provides flexible loans to gaming and app studios, has raised £1.5 million in pre-seed financing. Passion Capital led the round, which also includes Velo Partners as co-investor and some business angels, such as Victoria van Lennep of Lendable. Sugar, which stands for “Scale Up your Games and Apps Revenue”, […]
Dutch gaming company Gameye has raised $2.4 million in a round led by Lakestar, with support from other investors such as Volta Ventures. The fresh capital will help the team develop its technology, which allows developers to scale multiplayer games without sacrificing performance. Essentially, Gameye aggregates the world’s gaming infrastructure and makes that computing power […]
BITKRAFT Ventures, a Berlin-based VC with offices in London, Los Angeles and San Francisco, has announced a $165 million fund for esports, gaming and interactive media. Cheques will go to seed and Series A rounds in startups that match the firm’s trademarked investment vision of ‘Synthetic Realities’, where the physical and digital worlds converge and […]
Wolf3D, an Estonian company building a virtual identity platform for games and VR, has raised $1.3 million in seed funding. Trind Ventures, Presto Ventures, Koha Capital, Spring Capital and Contriber Ventures and a few angels participated in the round. The company has now raised a total of $2.8 million. “Games have become social media platforms […]
NASDAQ-listed gaming giant Zynga has acquired Turkish mobile-game maker Peak for a whopping $1.8 billion, as reported by Webrazzi a few days ago and this morning by Bloomberg. Peak had raised only about $18 million in VC funding from the likes of Earlybird, Hummingbird Ventures and Endeavor Catalyst, so there’s some people making a killing […]