![]() The valuation terms of the funding rounds were not disclosed. Highland Europe, a London-based venture capital fund, EQT Ventures, the venture capital arm of Swedish private equity group EQT and Helsinki-based Lifeline Ventures also invested, the company said in a statement.Īn earlier $30 million investment round led by Israeli venture capital firm 83North closed in January 2018. The investment was led by Iconiq Capital, a firm that manages money for well-known Silicon Valley entrepreneurs, including Facebook Inc. The post ARISTOCRAT CONTINUES TO INVEST IN EXPANDING DIGITAL GAME PIPELINE AND PORTFOLIO DIVERSIFICATION FOR GROWTH appeared first on Eastern European Gaming – News – Interviews – Legal Market Updates – Premium Reports – Events – Directory.(Bloomberg) - Wolt Enterprises Oy, a food delivery startup based in Helsinki, Finland, has landed $130 million in new investment to increase its European expansion and fund a hiring spree. “We will continue to be active in pursuing global talent and studio deals that accelerate our growth strategy, alongside our sustained proven focus in driving organic growth and abovemarket results” Mr Lang concluded. ![]() Coupled with Aristocrat Digital’s ambitious strategy, global scale, marketing and investmentĬapabilities, we look forward to helping our new colleagues reach new heights as part of Aristocrat.” “We are thrilled to welcome Futureplay, Northern Stars and Playsoft to the Aristocrat Digital family, given their impressive track records in game development, creativity and innovation. The studio will help accelerate Product Madness’s pipeline and deliver innovation, while establishing a strong footprint for the company in another strategic European location.Īristocrat Digital’s CEO, Michael Lang, said “These deals are consistent with Aristocrat’s successful strategy of bringing more world-class game development talent and capability into the organisation to expand our game pipeline and sustain our strong growth momentum in Playsoft will operate within the Product Madness business, and continue to be led by its impressive founders Nicolas Bensignor and Pierre Olivier Monteil. Playsoft has a 13+ year track record of developing more than 50 successful game titles for third party partners. Aristocrat has acquired Playsoft, the Gdańsk (Poland) based mobile gaming studio specialising in the social casino genre.Minwoo and Antti bring a wealth of experience to the Group, which will help us grow Aristocrat’s presence in Finland and further expand our game development capabilities. Northern Stars will focus on the emerging hybrid casual genre under the world-class game development and studio leaders, Minwoo Lee (ex EA, Rovio, Ubisoft) and Antti Nikander (ex Rovio). Given talent opportunities in the region, Aristocrat has established a further Helsinkibased studio, Northern Stars.This will bring together Plarium’s best-in-class game development infrastructure and marketing expertise with Futureplay’s outstanding casual mobile capabilities enabling Plarium to expand and diversify their portfolio (which includes the global sensation RAID: Shadow Legends). Futureplay will operate under the proven leadership of Jami Laes, as a studio reporting within Aristocrat’s Plarium business. Founded in 2015, Futureplay has released six games that have been played by over 140 million users around the world, including titles such as Merge Gardens, Idle Farming Empire and Battlelands Royale. Aristocrat has agreed to acquire Helsinki-based free-to-play mobile gaming studio Futureplay, which specialises in the growing merge/match 3 segment of the casual market.In total, three new studios will join Aristocrat Digital, deepening the business’ access to game development talent and studio capabilities in top-tier mobile game talent hubs across Northern and Eastern Europe. The investments are strongly aligned to targeted genres, particularly the highgrowth casual and merge segments where Aristocrat Digital already has a presence, and the social casino segment, in which the business has a market-leading position globally. ![]() Aristocrat Leisure Limited announced that it has entered into a number of deals to further expand its world-class Digital game development capability, in line with its growth strategy.
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