Tencent Holdings

Tencent Holdings Limited is a leading internet service provider based in Shenzhen, China, known for its extensive range of value-added services, including online games, social networking, financial technology, and online advertising. Founded in 1998, Tencent operates major platforms such as WeChat and QQ, which facilitate communication, entertainment, and e-commerce for millions of users. The company is recognized as the world's largest video game publisher, with popular titles like Honor of Kings in its portfolio. In addition to its core services, Tencent is involved in the production and distribution of films and television programs, as well as software development and digital content licensing. With a focus on user-oriented strategies, Tencent continues to adapt and expand its offerings, positioning itself as a vital part of daily life for many consumers in China and beyond.

Hongwei Chen

Executive Director of Investment

Martin Lau

President

Jeffrey Li

Managing Partner

Alvin Liu

Co-Founder

Steven Ma

SVP

Huateng Ma

Co-Founder, Chairman and CEO

Danying Ma

Managing Director

Bo Wang

Vice President, Tencent Games

Ye Wang

Associate Director, Global Data Intelligence and Data Service, IEG

Xiaoguang Wu

Senior Executive Vice President and CEO

Yao Xia

Executive Director

Levin Yao

Managing Director, Tencent Investment

Wenlei Zhuang

Vice President of Tencent Cloud and Head of Tencent Cloud Strategic Investment

phil mu

Chief Investment Officer

Dowson Tong

President of Social Network Group, Senior Executive Vice President

Past deals in Gaming

Ubisoft Games

Secondary Market in 2025
Ubisoft - Games operates as a unit behind Assassin’s Creed®, Far Cry®, and Tom Clancy’s Rainbow Six® brands.

Remedy Entertainment

Post in 2024
Remedy Entertainment is a Finnish game development company established in 1995, specializing in creating narrative-driven action games for console and computer platforms. The company has forged partnerships with prominent publishers such as Microsoft, Rockstar Games, and Smile Gate. Remedy's portfolio includes notable titles like Death Rally and the acclaimed Max Payne series. Beyond gaming, Remedy's intellectual properties have expanded into various media forms, including books, comics, concerts, television series, and a Hollywood movie. With a commitment to innovative ideas, high-quality content, and advanced technology, Remedy aims to be a leader in the gaming industry while building a talented team to bring its creative visions to life.

Remedy Entertainment

Post in 2024
Remedy Entertainment is a Finnish game development company established in 1995, specializing in creating narrative-driven action games for console and computer platforms. The company has forged partnerships with prominent publishers such as Microsoft, Rockstar Games, and Smile Gate. Remedy's portfolio includes notable titles like Death Rally and the acclaimed Max Payne series. Beyond gaming, Remedy's intellectual properties have expanded into various media forms, including books, comics, concerts, television series, and a Hollywood movie. With a commitment to innovative ideas, high-quality content, and advanced technology, Remedy aims to be a leader in the gaming industry while building a talented team to bring its creative visions to life.

VISUAL ARTS

Acquisition in 2023
VISUAL ARTS provides business solutions related to animation and games.

Techland

Acquisition in 2023
Techland, established in 1991 and headquartered in Wrocław, Poland, is a prominent developer of computer games, specializing in high-budget titles for major platforms including PC, Xbox, and PlayStation. Initially focused on software distribution in Poland, the company shifted towards in-house game development in the late 1990s. Techland has created over 20 games, with notable franchises such as Dead Island and Call of Juarez. The company employs proprietary technology, including the advanced Chrome Engine®, to produce innovative and engaging electronic entertainment. In addition to console and PC games, Techland also develops mobile games for iOS devices. With a workforce of over 200 professionals, the company combines experienced industry specialists with emerging talent, fostering a culture driven by passion and ambition. Techland aims to deliver cutting-edge gaming experiences while continuously enhancing its technical capabilities. Its offices are located in Wrocław, Warsaw, Ostrow Wielkopolski, and Vancouver.

Lighthouse Games

Seed Round in 2023
Lighthouse Games is a video game development studio based in the United Kingdom, specializing in providing comprehensive game development services. The studio focuses on cutting-edge technology and innovation in the gaming industry, aiming to attract and cultivate top talent to enhance its creative capabilities. By offering tailored development solutions, Lighthouse Games enables clients to realize their gaming projects effectively and efficiently. Through its commitment to excellence, the studio strives to contribute to the advancement of video game development while fostering a collaborative environment for its team.

Kuro Game

Venture Round in 2023
Kuro Game is an internet cultural enterprise focused on the development of two-dimensional action mobile games. The company aims to expand the gaming market by offering a variety of gaming options. One of its most notable intellectual properties is "Punishing: Gray Raven," a free-to-play 3D action role-playing mobile game that incorporates elements from anime, comics, and games. Kuro Game emphasizes high-quality graphics and visual effects in its offerings, appealing to a diverse audience of gamers.

Quell

Series A in 2023
Quell, Inc. is a San Francisco-based company founded in 2020 that creates an immersive fitness experience combining gaming with physical workouts. The company offers a unique fitness game where players engage in combat within a fantasy world, utilizing low-cost wearable smart resistance bands to enhance their workouts at home. Quell positions itself as a blend of traditional fitness platforms and gaming, providing an innovative approach to achieving fitness goals. To maintain ongoing engagement, Quell charges a monthly subscription fee for access to fresh content and experiences.

Don'tNod Entertainment

Post in 2023
Don'tNone Entertainment develops and publishes relevant video games by combining engaging storytelling with gameplay to produce stories that have an impact on players. While telling engaging and genuine stories, they aim to create universal experiences that anybody can relate to. Each game they produce is an original work that has something fresh to offer to its player base. The company's mission is to create meaningful and immersive stories that resonate with players and make an impact and link this powerful storytelling with innovative gameplay.

Shift Up

Private Equity Round in 2022
Shiftup is a game design and development studio founded in 2013 by art director Kim Hyeong-tae. The company specializes in various aspects of game production and also engages in the creation of promotional videos and music. With a focus on illustration, planning, and programming, Shiftup aims to deliver high-quality gaming experiences and related media content.

Skydance Media

Private Equity Round in 2022
Skydance Media is a diversified media company founded in 2010 by David Ellison, dedicated to producing elevated and event-level entertainment for global audiences. The company specializes in creating motion pictures and is involved in various forms of media, including feature films, television, animation, gaming, and digital content. Skydance is committed to bringing immersive stories to life across multiple platforms, ensuring a wide range of entertaining experiences in various genres for viewers.

Hadean

Series A in 2022
Hadean is a venture-backed startup focused on transforming distributed, spatial, and scalable computing for web 3.0 and the metaverse. The company offers a cloud-distributed computing platform that enables developers to build, run, and scale real-time applications, facilitating petascale computing on extensive datasets. Hadean's technology bridges physical and virtual environments, allowing for unprecedented digital scale and fidelity, which enhances real-world applications. Their solutions support a range of clients, including CAE, Microsoft, Minecraft, the Francis Crick Institute, PixelMax, GamesCoin, and BAE Systems, positioning Hadean as a key player in the development of the metaverse and enterprise applications.

Triternion

Venture Round in 2022
Triternion is a video game development company based in Ljubljana, Slovenia, focused on creating multiplayer slasher games for personal computers and consoles. Comprising a small team of skilled international developers, Triternion is dedicated to producing high-quality gaming content that emphasizes both action and strategy. The company aims to provide players with immersive first-person combat experiences while fostering a creative environment for its team.

Guillemot Brothers

Debt Financing in 2022
Guillemot Brothers Limited is a gaming company founded by Guillemot family.

Guillemot Brothers

Corporate Round in 2022
Guillemot Brothers Limited is a gaming company founded by Guillemot family.

Novarama Technology

Corporate Round in 2022
Novarama is an independent game development studio based in Barcelona, Spain, focused on creating innovative electronic entertainment for wide audiences. With a founding team that possesses over 50 years of combined experience in the industry, the studio specializes in developing video games, including augmented reality applications, digital goods, and transmedia content, as well as session-based massively multiplayer online games (MMOs). Novarama aims to push the boundaries of gaming through creativity and technology, delivering engaging experiences across various platforms.

Riffraff Games

Corporate Round in 2022
Riffraff Games is a gaming studio that develops and publishes third-person stealth action games, aiming to entertain players with high-quality, innovative concepts and new gaming genres.

Tequila Works

Acquisition in 2022
Tequila Works is a boutique gaming studio located in Madrid, Spain, recognized for its commitment to developing original intellectual properties. The studio has gained prominence with titles such as Rime, Deadlight, The Invisible Hours, and Groundhog Day. Tequila Works emphasizes high-quality game production, leveraging its resources to craft engaging experiences for players. The studio's dedication to creativity and passion enables it to reach a broad audience while maintaining a focus on innovative storytelling and gameplay.

Immutable Systems

Series C in 2022
Immutable develops blockchain-based eSport games designed to familiarize users with blockchain technology in a fun and user-friendly environment. Its eSports games use ethereum blockchain to transform digital asset ownership in the video-gaming industry. Immutable provides scalable blockchain infrastructure for video games, enabling organizations to bring transparency in the opaque world of in-game economies.

Offworld Industries

Corporate Round in 2022
Offworld Industries is a video game developer and publisher focused on creating immersive gaming experiences. The company specializes in the development of first-person shooter games for PC platforms, aiming to deliver a realistic battlefield experience to players. In addition to its own game development efforts, Offworld Industries seeks to foster an ecosystem of like-minded development studios, promoting collaboration within the gaming industry. Through its innovative approach, the company is dedicated to enhancing the gaming landscape by producing compelling and engaging content.

Inflexion Games

Acquisition in 2022
Inflexion Games is a game studio based in Edmonton, Canada, specializing in the development and publishing of online video games. The company focuses on creating Victorian fantasy games that incorporate elements of adventure and mystery. Through its innovative approach, Inflexion Games aims to deliver engaging and immersive gaming experiences to players.

Turtle Rock Studios

Acquisition in 2021
Turtle Rock Studios is a game development company located in Lake Forest, California, focused on creating engaging and cooperative gameplay experiences. The studio specializes in developing AAA competitive and cooperative shooters, as well as virtual reality games. By prioritizing player collaboration and interaction, Turtle Rock Studios aims to bring innovative gaming concepts to life, fulfilling the diverse gaming aspirations of its audience.

Moore Threads

Series A in 2021
Moore Threads, founded in 2020 and based in Beijing, China, specializes in developing Graphics Processing Unit (GPU) technology and services. The company focuses on enabling visual computing, artificial intelligence, and high-performance computing applications for a diverse range of sectors, including gaming and the creative industry. By providing advanced GPU technology and services for data centers, edge computing servers, professional workstations, and high-performance PCs, Moore Threads helps clients achieve significant computational power for their processes.

Byment

Venture Round in 2021
Baiman Culture Communication Co., Ltd. is a cultural enterprise focused on the development and production of online animation, comics, and games. The company specializes in script development, drawing creation, and comprehensive publishing for Internet comics. With a professional team that includes script developers, directors, and production staff, Baiman possesses the capability to create original content for animation intellectual properties. Their work encompasses both long and short comic scripts, as well as the production of high-quality online anime, comics, and games, allowing users to enjoy a diverse range of digital entertainment.

Playtonic Games

Venture Round in 2021
Playtonic Games is an independent video game developer established by a team of experienced designers known for their work on classic platform games such as Donkey Kong Country and Banjo-Kazooie. The company focuses on creating enjoyable games for both new and veteran audiences, utilizing 3D technology to enhance the gaming experience. By leveraging nostalgia and innovative design, Playtonic Games aims to deliver engaging and memorable gaming experiences across multiple platforms.

Wake Up Interactive

Acquisition in 2021
Wake Up Interactive is a digital entertainment developer that focuses on creating high-quality content aimed at providing enjoyment to audiences worldwide. The company specializes in the development of games for various platforms, including home video game consoles, PCs, and smartphones. By leveraging innovative design and engaging storytelling, Wake Up Interactive seeks to enhance the digital entertainment landscape and deliver memorable experiences to players across different devices.

Mod.io

Series A in 2021
Mod.io is a cross-platform service that facilitates mod support and user-generated content (UGC) for video games, established by the team behind ModDB. Launched in 2019, it allows game studios to enhance community engagement on PC, console, and mobile platforms. The service has been adopted by over 50 games, attracting around 400,000 daily users who have collectively produced 600,000 pieces of content, resulting in more than 100 million mods installed. Mod.io provides an automated and scalable solution for developers to integrate UGC, fostering long-term user engagement and supporting creator economies. Its platform features a clientless application programming interface that streamlines the creation and sharing of modifications across various platforms and stores, helping to maintain a continuous flow of fresh content.

Kadokawa

Post in 2021
Kadokawa Corporation, established in 1945 and headquartered in Tokyo, Japan, operates as a comprehensive entertainment company. It engages primarily in publishing, film production, and digital content businesses, including animation, videos, games, rights, merchandising, and network entertainment services. The company also runs a video-sharing website and offers products and services tailored for global intellectual property expansion and digital transformation.

Mighty Jaxx

Series A in 2021
Mighty Jaxx is an award-winning integrated future culture platform specializing in the design and production of digital and phygital collectibles. The company collaborates with renowned artists and global brands, including Netflix, Formula 1, Hasbro, Toei Animation, Cartoon Network, Nickelodeon, Warner Brothers, and Adidas, to create unique art figures and collectibles. Mighty Jaxx ships millions of these products to over 80 countries each year, providing collectors with a diverse and exciting range of toys and designs. Through its innovative approach, the company has established itself as a leader in the collectibles market, merging art and commerce in a way that resonates with modern consumers.

Suihuan Technology

Seed Round in 2021
Suihuan Technology is a cutting-edge immersive and interactive 3D content service platform. It uses its own virtual live broadcast software, an intelligent engine for creating 3D digital content, mass content full-stack technology, and product services.

Keen Games

Series B in 2021
Keen Games is an independent game development studio focused on creating innovative sandbox gaming experiences. The company is known for developing engaging titles such as Portal Knights, Olympus Rising, Sacred 3, and Royal Revolt 2. Keen Games designs games that offer diverse gameplay options, allowing players to level up characters, craft powerful gear, engage in real-time tactical combat, explore expansive maps, and complete tasks. This approach aims to provide players with immersive and enjoyable experiences across various gaming platforms. For further inquiries, contact information can be found on their website.

Sumo Group

Acquisition in 2021
Sumo Group plc, founded in 2003 in Sheffield, is a leading independent developer of AAA-rated video games. They provide turnkey and co-development solutions to a diverse international client base, including blue-chip companies. Specializing in games for console platforms, PC, handheld, and mobile devices, Sumo Group plc also offers services to the entertainment industry, including games, TV, and film. With a focus on high-quality gaming experiences, Sumo Group plc has established itself as a key player in the video game development industry.

Stunlock Studios

Acquisition in 2021
Stunlock Studios AB, founded in 2010 and based in Skövde, Sweden, specializes in the development of multiplayer arena games, notably Bloodline Champions. The studio was established by a group of game development students passionate about competitive gaming. With a team of 25 skilled developers, Stunlock Studios emphasizes creativity and collaboration, fostering an environment where open communication and diverse perspectives are valued. The studio focuses on creating community-driven games that blend classic gameplay simplicity with innovative mechanics, aiming to provide players with engaging and challenging experiences. The company's commitment to team well-being is reflected in their regular group activities, promoting a healthy work-life balance.

Age of Learning

Series C in 2021
Age of Learning, Inc., known for its flagship product ABCmouse.com Early Learning Academy, provides online educational resources for children ages 2 to 7, both in the United States and internationally. The platform offers a comprehensive curriculum that includes reading, math, science, health, social studies, art, and music, catering to preschool, pre-k, kindergarten, and 1st grade. ABCmouse.com for schools allows educators to assign personalized lessons aligned with standards, while also providing access for students at home. The company supports low-income families through its Head Start program and offers free access to its resources via public libraries. In addition to educational games and activities, the platform features interactive experiences, such as virtual farms and zoos, to enhance learning engagement. Age of Learning also develops programs like My Math Academy and My Reading Academy to improve math and literacy skills. With over 11 billion learning activities completed by more than 50 million children, the company stands as a leader in educational technology, committed to advancing equity and access in education. Established in 2007, Age of Learning is headquartered in Glendale, California.

YAGER

Acquisition in 2021
YAGER is an independent developer specializing in computer and video games. The company is dedicated to creating immersive and engaging gaming experiences, primarily focusing on imaginative story-driven third-person games. YAGER's titles are designed for platforms such as PlayStation 4, Xbox One, and PC, utilizing the Unreal Engine 4 to enhance gameplay quality. By emphasizing creativity and narrative depth, YAGER aims to resonate with gaming enthusiasts and provide them with meaningful interactions in their gaming journeys.

Bad Robot Games

Series B in 2021
Bad Robot, founded by filmmaker J.J. Abrams in 2001 and based in Santa Monica, is an entertainment company that focuses on storytelling across various mediums, including television, film, and interactive content. The company has produced acclaimed television series such as ALIAS, LOST, FRINGE, PERSON OF INTEREST, and WESTWORLD, along with feature films in popular franchises like STAR WARS, STAR TREK, and MISSION: IMPOSSIBLE. Bad Robot has also ventured into publishing, with its novel S. becoming a New York Times Best Seller. Additionally, Bad Robot Games emphasizes immersive storytelling through video games, collaborating with industry veterans and leveraging Hollywood talent to create expansive narratives. Overall, Bad Robot is dedicated to crafting engaging experiences that resonate with audiences across multiple platforms.

Archosaur Games (Zulong Entertainment)

Post in 2021
Zulong Entertainment (stock code: 9990.HK) is a mobile game company in China with the ability to develop premium mobile games and a good market reputation.

QingCi Digital

Venture Round in 2021
QingCi Digital provides mobile game players with an unmatched gaming experience and interactive content. They develop and manage roguelike RPGs and casual games. They offer a range of games, such as endless adventure, Ares virus, lanterns and dungeons, the marvelous snail, and more.

Ubitus

Venture Round in 2021
Ubitus Inc. is a technology company that specializes in cloud computing solutions, particularly for the gaming industry and digital media services. Founded in 2007 and headquartered in Tokyo, with a research and development center in Taipei, Ubitus offers a software platform designed for fixed-mobile convergence applications. Its products include ubiLive, which enables users to access and share online content across devices, and commercial mobile cloud gaming services. The company's innovative GameCloud technology allows for the streaming of both gaming and metaverse content on multiple devices, catering to game developers, telecommunications service providers, and device manufacturers. Ubitus has established strategic partnerships, including collaborations with Alibaba Cloud and Kokusai Kogyo Co. Ltd., to enhance its service offerings and expand its market reach.

Zhejiang Century Huatong Group Company

Post in 2021
Zhejiang Century Huatong Group Company is a diversified enterprise based in China, primarily engaged in three main sectors: internet gaming, automotive parts manufacturing, and artificial intelligence. In the gaming sector, the company develops and publishes a range of online games. In the automotive domain, it focuses on the research, development, production, and sale of plastic and metal stamped parts, serving as a secondary supplier of auto components. Additionally, the company is involved in artificial intelligence cloud data services, brain science research, and the development of metaverse applications, reflecting its commitment to innovation and technological advancement.

Bohemia Interactive

Corporate Round in 2021
Bohemia Interactive is a game developer based in Mnisek pod Brdy, Czech Republic, recognized for its focus on simulation and player freedom. The company has established a diverse portfolio that includes well-known titles such as the Arma® and Take On® series, as well as DayZ®. With multiple development teams operating across different locations, Bohemia Interactive also leverages its own motion capturing and sound recording studio to enhance its game production. Over its 15 years of operation, the company has become a significant player in the PC gaming industry, specializing in combat games and proprietary software.

Reddit

Series E in 2021
Reddit, established in 2005, operates as a social news aggregation, web content rating, and discussion website. It facilitates users to submit links, create content, and engage in discussions on a wide array of topics, from gaming and sports to business and cryptocurrency.

Don'tNod Entertainment

Post in 2021
Don'tNone Entertainment develops and publishes relevant video games by combining engaging storytelling with gameplay to produce stories that have an impact on players. While telling engaging and genuine stories, they aim to create universal experiences that anybody can relate to. Each game they produce is an original work that has something fresh to offer to its player base. The company's mission is to create meaningful and immersive stories that resonate with players and make an impact and link this powerful storytelling with innovative gameplay.

Klei Entertainment

Acquisition in 2021
Klei Entertainment is a video game development studio located in Vancouver, British Columbia. The company focuses on creating and publishing games across various platforms, emphasizing both single-player and multiplayer experiences. Klei aims to develop games that resonate with players, often drawing on nostalgic themes while exploring diverse genres. Known for their creativity, the studio has produced notable titles that blend unique gameplay mechanics with captivating storytelling, reflecting their commitment to crafting engaging and memorable experiences for gamers.

Mundfish

Series A in 2021
Mundfish is a game development company that specializes in creating first-person shooter games for online platforms, PCs, and various gaming consoles. The company aims to provide originality and uniqueness in gaming experiences, focusing on engaging gameplay and immersive storytelling. Its flagship project features an action RPG set in an alternate universe, offering players an adventure-rich environment to explore. Mundfish is involved in all aspects of game creation, including design, programming, and production, to deliver high-quality entertainment for gamers.

Liona

Corporate Round in 2020
Liona provides game development and exgame development business services. It is a software company focusing on game development and digital content. Their ICT and IoT will increase along with their life and work shifts.

Wizard Games

Venture Round in 2020
Wizard Games high-tech entrepreneurial game company in China.

Quell

Seed Round in 2020
Quell, Inc. is a San Francisco-based company founded in 2020 that creates an immersive fitness experience combining gaming with physical workouts. The company offers a unique fitness game where players engage in combat within a fantasy world, utilizing low-cost wearable smart resistance bands to enhance their workouts at home. Quell positions itself as a blend of traditional fitness platforms and gaming, providing an innovative approach to achieving fitness goals. To maintain ongoing engagement, Quell charges a monthly subscription fee for access to fresh content and experiences.

Lockwood Publishing

Series A in 2020
Lockwood Publishing Limited specializes in the development and publication of social and mobile gaming. Founded in 2007 and based in Nottingham, United Kingdom, the company offers a range of entertainment software for various platforms, including PlayStation, iOS, Google Play, Amazon, and the web. Its flagship product, Vakin Life, is a 3D virtual social world where users can create avatars, customize living spaces, and engage with a large online community. Lockwood Publishing has established itself as a notable player in the gaming industry, focusing on creating immersive and interactive experiences for its users.

10 Chambers Collective

Acquisition in 2020
10 Chambers Collective is a Swedish game developer based in Stockholm, specializing in online video games. The company is known for creating a collaborative first-person shooter (FPS) game designed for four players, emphasizing elements of excitement, horror, and atmospheric gameplay.

Leyou Technologies Holdings

Acquisition in 2020
Leyou Technologies Holdings Limited is a game development and distribution company headquartered in Admiralty, Hong Kong. Founded in 1998, it specializes in the development and operation of online games, primarily focusing on free-to-play multiplayer titles. The company is best known for its flagship product, Warframe, a science fiction-themed multiplayer action game developed by its subsidiary, Digital Extremes. Leyou also owns several game development studios and employs around 600 full-time staff. In addition to game development, Leyou provides work-for-hire studio services, merchandise sales, marketing support, and consultancy services. The company generates a significant portion of its revenue from sales in Canada, with additional income from China, the United States, and the United Kingdom. Leyou is committed to expanding its portfolio of high-quality games and seeks to acquire additional game studios to enhance its development capabilities.

Voodoo

Venture Round in 2020
Voodoo is a technology company focused on developing and publishing mobile games and applications, primarily targeting casual gamers. With over 7 billion downloads and more than 150 million monthly active users, it ranks as the third-largest mobile publisher globally in terms of downloads. Voodoo is recognized for its rapid growth within the gaming ecosystem, having secured over $1 billion in funding from prominent investors such as Goldman Sachs and Tencent. The company employs a workforce of over 750 individuals worldwide and collaborates with external studios and content creators to produce hyper-casual games that are simple, engaging, and designed to connect users.

Age of Learning

Series B in 2020
Age of Learning, Inc., known for its flagship product ABCmouse.com Early Learning Academy, provides online educational resources for children ages 2 to 7, both in the United States and internationally. The platform offers a comprehensive curriculum that includes reading, math, science, health, social studies, art, and music, catering to preschool, pre-k, kindergarten, and 1st grade. ABCmouse.com for schools allows educators to assign personalized lessons aligned with standards, while also providing access for students at home. The company supports low-income families through its Head Start program and offers free access to its resources via public libraries. In addition to educational games and activities, the platform features interactive experiences, such as virtual farms and zoos, to enhance learning engagement. Age of Learning also develops programs like My Math Academy and My Reading Academy to improve math and literacy skills. With over 11 billion learning activities completed by more than 50 million children, the company stands as a leader in educational technology, committed to advancing equity and access in education. Established in 2007, Age of Learning is headquartered in Glendale, California.

Marvelous

Post in 2020
Marvelous Inc. is a Japanese entertainment company headquartered in Tokyo, specializing in the planning, development, and production of a diverse range of content. Founded in 1997, Marvelous engages in the creation and operation of online games for various platforms, including App stores and PCs, as well as the development of home video game software. The company also produces amusement machines and creates audio-visual content, including music and videos, often centered around animation. Additionally, Marvelous is involved in theatrical entertainment, planning and producing stage works and musicals inspired by its gaming and animation properties. Through its various segments, Marvelous aims to cater to market needs and enhance the entertainment experience for its audience.

Huya.com

Post in 2020
Huya.com is China's interactive broadcast platform, enriched by the world's first communications service operators. The company's live products cover PC, Web, and mobile three-end, and have nearly 300 featured channels in 4 categories including online games, single-game hot games, mobile games, and entertainment variety, covering e-sports, music, sports, beauty, outdoor, A wide range of popular content such as reality shows, variety shows, entertainment, and food.

Roblox

Series G in 2020
Roblox is an online gaming and entertainment platform that fosters virtual interactions and shared experiences among users. Founded in 2004 by David Baszucki and Erik Cassel, it is headquartered in San Mateo, California. The platform allows users to create and explore immersive 3D environments, enabling them to play, learn, and socialize. It is particularly popular among audiences under the age of 18, ranking as one of the top entertainment destinations for this demographic based on engagement metrics. The vast array of interactive experiences is developed by a global community of creators utilizing Roblox Studio, a desktop design tool provided by the platform. Roblox's growth is largely driven by word-of-mouth, with millions of new users joining each month, highlighting the strong community aspect of the platform.

Skydance Media

Funding Round in 2020
Skydance Media is a diversified media company founded in 2010 by David Ellison, dedicated to producing elevated and event-level entertainment for global audiences. The company specializes in creating motion pictures and is involved in various forms of media, including feature films, television, animation, gaming, and digital content. Skydance is committed to bringing immersive stories to life across multiple platforms, ensuring a wide range of entertaining experiences in various genres for viewers.

YAGER

Funding Round in 2020
YAGER is an independent developer specializing in computer and video games. The company is dedicated to creating immersive and engaging gaming experiences, primarily focusing on imaginative story-driven third-person games. YAGER's titles are designed for platforms such as PlayStation 4, Xbox One, and PC, utilizing the Unreal Engine 4 to enhance gameplay quality. By emphasizing creativity and narrative depth, YAGER aims to resonate with gaming enthusiasts and provide them with meaningful interactions in their gaming journeys.

PlatinumGames

Corporate Round in 2020
PlatinumGames Inc. is a Japanese video game developer founded in 2006 and based in Osaka, Japan. The company specializes in the production of home video games, online games, and downloadable content across various platforms, including PlayStation, Nintendo, Xbox, and PC. PlatinumGames is known for its focus on creating high-quality, engaging gaming experiences, utilizing its expertise in game design, programming, and content delivery to meet the evolving preferences of gamers.

Bunch

Seed Round in 2019
Bunch Live, Inc., established in 2017, is a technology company based in New York. It develops Bunch, a social gaming platform that facilitates multiplayer gaming over group video chat. Bunch enables users to play games with friends and allows game developers to integrate its platform for in-game social features.

Sumo Group

Post in 2019
Sumo Group plc, founded in 2003 in Sheffield, is a leading independent developer of AAA-rated video games. They provide turnkey and co-development solutions to a diverse international client base, including blue-chip companies. Specializing in games for console platforms, PC, handheld, and mobile devices, Sumo Group plc also offers services to the entertainment industry, including games, TV, and film. With a focus on high-quality gaming experiences, Sumo Group plc has established itself as a key player in the video game development industry.

Funcom

Post in 2019
Funcom is a video game development company based in Oslo, Norway, with additional offices in the United States, China, Switzerland, and Canada. The company specializes in creating and publishing massively multiplayer online games, including popular titles such as Age of Conan, Anarchy Online, and The Secret World. In addition to its online offerings, Funcom also develops offline games like The Park, Hide and Shriek, Dreamfall, and The Longest Journey. By providing a diverse range of gaming experiences across multiple platforms, Funcom aims to engage players with various genres and live gaming experiences.

Crossingstar Studio

Series A in 2019
Crossingstar Studio, established in 2016 and located in Hangzhou, China, specializes in the production of comics and the development and publishing of mobile games. The studio collaborates with authors and game designers to transform their concepts into fully realized works, while also creating original comic content in-house. By leveraging partnerships and hosting services on external platforms, Crossingstar Studio aims to broaden its reach within the entertainment industry. The company fosters a supportive work environment, offering benefits such as a fixed monthly meal allowance, annual salary adjustments, and team-building activities.

AntStream Arcade

Series A in 2019
Antstream Ltd, established in 2013 and based in Heathfield, United Kingdom, operates Antstream Arcade, a subscription-based game streaming platform specializing in retro games. The service offers access to over 1,000 classic arcade, console, and computer games, allowing players to enjoy them in their original form or with modern adaptations, including unique social challenges. Users can compete in global tournaments and climb leaderboards, earning gems and recognition as they engage with the platform. Antstream Arcade is designed to be accessible across multiple devices, providing a versatile gaming experience for enthusiasts of vintage video games.

Byment

Series A in 2019
Baiman Culture Communication Co., Ltd. is a cultural enterprise focused on the development and production of online animation, comics, and games. The company specializes in script development, drawing creation, and comprehensive publishing for Internet comics. With a professional team that includes script developers, directors, and production staff, Baiman possesses the capability to create original content for animation intellectual properties. Their work encompasses both long and short comic scripts, as well as the production of high-quality online anime, comics, and games, allowing users to enjoy a diverse range of digital entertainment.

Xiaoxiang Huyu

Series A in 2019
Xiaoxiang Huyu is a game-streaming and hosting content provider from the internet.

1939

Seed Round in 2019
1939 Games is an independent game development studio located in Reykjavik, Iceland, specializing in World War II-themed gaming experiences. Founded in 2015 by former CCP veterans, the studio is currently focused on its flagship project, KARDS, a digital collectible card game. This game combines elements typical of the card game genre with the immersive aspects of classic WWII gaming, aiming to create an engaging and action-packed experience for players. By merging historical facts with gameplay, 1939 Games seeks to provide a unique platform that offers both entertainment and educational value related to significant historical events.

Reddit

Series D in 2019
Reddit, established in 2005, operates as a social news aggregation, web content rating, and discussion website. It facilitates users to submit links, create content, and engage in discussions on a wide array of topics, from gaming and sports to business and cryptocurrency.

Fatshark

Private Equity Round in 2019
Fatshark AB is an independent game development studio based in Stockholm, Sweden, established in 2008. The company specializes in creating and publishing multiplayer video games across various platforms, including mobile devices, PCs, Macs, and consoles. Fatshark also engages in subcontracting services for game development, collaborating with other publishers as well as developing games independently. Additionally, the studio sells its published titles through its online store, catering to a diverse gaming audience.

Discord

Series F in 2018
Discord is a communication platform that offers voice, video, and text services, enabling users to connect with friends and communities. Originally designed for gamers, it has evolved to serve a broader audience, including local clubs, art groups, and study sessions. The platform supports voice-over-internet protocol and texting, ensuring seamless communication across desktops and mobile devices. This versatility allows users to engage in conversations and activities without compromising performance, particularly for gamers who require uninterrupted communication while playing. Discord's focus on community interaction has made it a popular choice for diverse groups seeking to collaborate and socialize online.

Crossingstar Studio

Series A in 2018
Crossingstar Studio, established in 2016 and located in Hangzhou, China, specializes in the production of comics and the development and publishing of mobile games. The studio collaborates with authors and game designers to transform their concepts into fully realized works, while also creating original comic content in-house. By leveraging partnerships and hosting services on external platforms, Crossingstar Studio aims to broaden its reach within the entertainment industry. The company fosters a supportive work environment, offering benefits such as a fixed monthly meal allowance, annual salary adjustments, and team-building activities.

Bilibili

Post in 2018
Bilibili Inc. is an online entertainment platform based in Shanghai, China, that caters primarily to the younger generations. Founded in 2009, it began as a community focused on anime, comics, and gaming (ACG), but has since broadened its offerings to include a wide variety of content such as videos, live broadcasting, and mobile games. The platform emphasizes high-quality content and fosters strong emotional connections among its users, creating a vibrant community. Bilibili generates revenue through multiple channels, including advertising, gaming, live streaming, value-added services, and e-commerce. The company has also formed a strategic collaboration with Tencent for sharing and operating anime and games, enhancing its content library and user experience.

Dream11

Series D in 2018
Dream11 operates as a sports technology platform. Dream 11 offers a unique sports engagement experience for Cricket, Football, Kabaddi, Basketball, Hockey, Volleyball, Baseball and Handball.

1939

Seed Round in 2018
1939 Games is an independent game development studio located in Reykjavik, Iceland, specializing in World War II-themed gaming experiences. Founded in 2015 by former CCP veterans, the studio is currently focused on its flagship project, KARDS, a digital collectible card game. This game combines elements typical of the card game genre with the immersive aspects of classic WWII gaming, aiming to create an engaging and action-packed experience for players. By merging historical facts with gameplay, 1939 Games seeks to provide a unique platform that offers both entertainment and educational value related to significant historical events.

DreamCraft

Seed Round in 2018
DreamCraft Entertainment Inc. is a game creation and monetization platform founded in 2018 and based in San Mateo, California. The company provides a user-friendly platform that enables video game modders to create, publish, and monetize games without the need for programming skills. By offering a no-code environment, DreamCraft equips users with tools to design, modify, and host their own games, facilitating a seamless experience for both creators and players across PC and mobile platforms. This approach empowers individuals to turn their gaming ideas into reality and potentially generate income from their creations.

Grinding Gear Games

Acquisition in 2018
Grinding Gear Games, founded in November 2006 in Auckland, New Zealand, is a video game developer known for its flagship product, Path of Exile, a competitive online action role-playing game (RPG). The company consists of a diverse team with expertise in areas such as artificial intelligence, software security, industrial design, and professional gaming. Grinding Gear Games focuses on creating immersive online gaming experiences, offering a variety of strategy games that feature a range of role-playing characters, allowing players to choose their preferred gameplay style.

Haegin

Series A in 2018
HAEGIN Co., Ltd. is a mobile game development company founded in 2017 and based in Seoul, South Korea. The company focuses on creating casual and mid-core games, catering to a wide audience by providing engaging gaming experiences. HAEGIN specializes in developing games that emphasize longevity and replayability, drawing on themes rooted in traditional Korean culture. Through its diverse game offerings, HAEGIN aims to appeal to casual gamers while also attracting players looking for more in-depth gameplay experiences.

Xiaoxiang Huyu

Seed Round in 2018
Xiaoxiang Huyu is a game-streaming and hosting content provider from the internet.

Discord

Series E in 2018
Discord is a communication platform that offers voice, video, and text services, enabling users to connect with friends and communities. Originally designed for gamers, it has evolved to serve a broader audience, including local clubs, art groups, and study sessions. The platform supports voice-over-internet protocol and texting, ensuring seamless communication across desktops and mobile devices. This versatility allows users to engage in conversations and activities without compromising performance, particularly for gamers who require uninterrupted communication while playing. Discord's focus on community interaction has made it a popular choice for diverse groups seeking to collaborate and socialize online.

Elephant Games

Seed Round in 2018
Elephant Games is a videogame development company. They produce games for PC and mobile. Their games include chimeras, grim tales, paranormal files, strange investigations, christmas stories, crossroads, mystery trackers, and more.

Ubisoft Entertainment

Post in 2018
Ubisoft Entertainment SA, established in 1986, is a global leader in the video game industry. Headquartered in Montreuil, France, the company specializes in the production, publishing, and distribution of interactive entertainment products. Ubisoft creates and develops video games for various platforms, including consoles, PC, smartphones, and tablets, in both physical and digital formats. The company's extensive portfolio comprises renowned franchises such as Assassin's Creed, Far Cry, Tom Clancy's series, Rayman, and Just Dance. Ubisoft operates in 28 countries and has sales in over 55 countries worldwide. Additionally, the company is involved in the development of online and mobile gaming, and it has a strategic partnership with Tencent.

Qutoutiao

Series B in 2018
Qutoutiao Inc. is a prominent mobile content platform in China, focused on the distribution, consumption, and sharing of light entertainment content. Founded in 2016 and headquartered in Shanghai, the company operates its flagship mobile application, Qutoutiao, which aggregates articles and short videos from various content providers, delivering real-time customized feeds to users based on their profiles and behaviors through an AI-driven recommendation engine. This innovative platform not only enhances user engagement but also promotes knowledge exchange within society. In addition to Qutoutiao, the company offers Midu Novels and Midu Lite, mobile literature applications that provide users with free literature supported by advertising. Qutoutiao employs a gamified loyalty program that rewards users for engagement and referrals, further strengthening user retention and optimizing content recommendations. As the second-largest mobile content aggregator in China, Qutoutiao continues to leverage technology to elevate the user experience and foster a vibrant content ecosystem.

Douyu TV

Series E in 2018
Douyu TV is a live streaming media platform that provides live content such as games, sports, variety shows, entertainment, and more. The live-stream platform offers services like video-sharing for the students live broadcast, covers the main live game and sports as well as other live contents, enabling users to submit, view, and add commentary subtitles to videos of games, while incorporating content ranging from sports, variety shows, and entertainment. Zhang Wenming founded Douyu TV in 2013, with its headquarters in Wuhan in China.

Huya.com

Series B in 2018
Huya.com is China's interactive broadcast platform, enriched by the world's first communications service operators. The company's live products cover PC, Web, and mobile three-end, and have nearly 300 featured channels in 4 categories including online games, single-game hot games, mobile games, and entertainment variety, covering e-sports, music, sports, beauty, outdoor, A wide range of popular content such as reality shows, variety shows, entertainment, and food.

Kakao Games

Corporate Round in 2018
Kakao Games Corporation is a South Korean subsidiary of Kakao Corp, founded in 2013 and headquartered in Seongnam. The company operates a diverse online gaming platform that caters to a global audience, offering a wide range of games across mobile, PC, and virtual reality. It develops and publishes various genres of games, enhancing its services through features such as the Kakao game shop and mobile game play channels. Kakao Games also emphasizes partnerships with other gaming companies to bolster its development capabilities and expand its market reach. Through these initiatives, Kakao Games aims to position itself as a leader in the global gaming industry.

Shanda Games

Corporate Round in 2018
Shanda Games is a prominent online game developer, operator, and publisher based in Shanghai, China, founded in 1999. The company specializes in massively multiplayer online games (MMORPGs) and mobile games, offering a diverse range of genres such as martial arts, fantasy, strategy, and historical events. Shanda Games operates both domestically and internationally, targeting a vast user community. It manages a portfolio of games developed in-house, co-developed with other developers, and licensed from third parties. As of mid-2014, the company operated 71 games, with a significant portion of its revenue derived from its own or co-owned titles. Shanda Games has a robust development team and a proprietary game development platform, and it has been a pioneer in adopting item-based revenue models in the gaming industry. The company is also expanding its reach into global markets, having launched localized versions of its games in regions including Europe, Southeast Asia, and the Americas. With millions of active users, Shanda Games continues to be a key player in the online gaming landscape.

Skydance Media

Corporate Round in 2018
Skydance Media is a diversified media company founded in 2010 by David Ellison, dedicated to producing elevated and event-level entertainment for global audiences. The company specializes in creating motion pictures and is involved in various forms of media, including feature films, television, animation, gaming, and digital content. Skydance is committed to bringing immersive stories to life across multiple platforms, ensuring a wide range of entertaining experiences in various genres for viewers.

Qutoutiao

Series A in 2017
Qutoutiao Inc. is a prominent mobile content platform in China, focused on the distribution, consumption, and sharing of light entertainment content. Founded in 2016 and headquartered in Shanghai, the company operates its flagship mobile application, Qutoutiao, which aggregates articles and short videos from various content providers, delivering real-time customized feeds to users based on their profiles and behaviors through an AI-driven recommendation engine. This innovative platform not only enhances user engagement but also promotes knowledge exchange within society. In addition to Qutoutiao, the company offers Midu Novels and Midu Lite, mobile literature applications that provide users with free literature supported by advertising. Qutoutiao employs a gamified loyalty program that rewards users for engagement and referrals, further strengthening user retention and optimizing content recommendations. As the second-largest mobile content aggregator in China, Qutoutiao continues to leverage technology to elevate the user experience and foster a vibrant content ecosystem.

GJS Robot

Series A in 2017
GJS Robot specializes in the development of consumer battle robots and gaming robots that leverage artificial intelligence and advanced technology. The company designs customized fighting robots intended for competition, incorporating features such as servo motors and wheels. Their products are equipped with infrared cameras and deep learning capabilities, allowing for enhanced performance and man-machine synchronization control. Through its innovative approach, GJS Robot aims to provide clients with cutting-edge robotic solutions for engaging in robot combat competitions.

Frontier Developments

Post in 2017
Frontier Developments is a prominent independent video game developer founded in 1994 by David Braben, known for his influential work on the game "Elite." With a skilled team of over 200 professionals, the company has established itself as a leader in the gaming industry by creating immersive and engaging gameplay experiences, characterized by high artistic quality and innovative technology. Frontier employs its proprietary Cobra cross-platform technology alongside industry-standard software to develop games for various gaming platforms. Notable titles in their portfolio include RollerCoaster Tycoon 3, LostWinds, and Kinect Disneyland Adventures. The company operates primarily from its studios in Cambridge, UK, and Halifax, Canada, and it distributes its games through long-term partnerships with top publishers as well as through self-publishing via digital distribution channels. Frontier is actively seeking talented individuals to join its team and contribute to its diverse array of projects.

Ourpalm

Post in 2017
Ourpalm Co Ltd, based in China, specializes in the development, publishing, and operation of various gaming formats, including mobile games and internet-based page games. Founded in 2004, the company has established itself as a significant player in the gaming industry, holding a national high-tech and double soft certification. Ourpalm operates its own platform, leveraging proprietary technologies for mobile game distribution. The company collaborates with over 900 promotional channels and more than 100 local and international game developers, successfully distributing its products in markets across Southeast Asia, America, and Europe. Through strategic growth initiatives, including mergers and restructurings, Ourpalm has emerged as a leading mobile game developer and publisher in China.

Coocaa

Funding Round in 2017
Coocaa, established in 2006, specializes in the development of smart TVs and consumer electronics. The company offers a diverse range of products, including gaming TVs, high-end smart TVs, a remote control device for Apple's smartphones that facilitates the remote management of home appliances, Bluetooth game controllers, and Bluetooth earphones. Furthermore, Coocaa is set to introduce an innovative anti-blue light education TV aimed at children, designed to protect their eyesight. Additionally, the company has developed an operating system for smart televisions that enhances Over The Top (OTT) media services, enabling users to access content via high-speed internet and providing advertisers with effective means to reach their target audiences.

Pocket Gems

Series B in 2017
Pocket Gems, Inc. is a mobile game developer based in San Francisco, California, founded in 2009. Specializing in free-to-play social games, the company distributes its products through major platforms such as Apple’s App Store, Google Play, and Amazon Appstore. With a workforce of over 200 employees and support from investors like Sequoia Capital and Tencent, Pocket Gems focuses on creating graphically rich mobile games and innovative entertainment experiences. The company has achieved over 270 million downloads globally, showcasing its impact in the mobile gaming industry. Notable products include "Episode," a mobile storytelling platform, and "War Dragons," a 3D real-time strategy game that highlights the company’s commitment to developing engaging interactive experiences.

Bilibili

Series D in 2017
Bilibili Inc. is an online entertainment platform based in Shanghai, China, that caters primarily to the younger generations. Founded in 2009, it began as a community focused on anime, comics, and gaming (ACG), but has since broadened its offerings to include a wide variety of content such as videos, live broadcasting, and mobile games. The platform emphasizes high-quality content and fosters strong emotional connections among its users, creating a vibrant community. Bilibili generates revenue through multiple channels, including advertising, gaming, live streaming, value-added services, and e-commerce. The company has also formed a strategic collaboration with Tencent for sharing and operating anime and games, enhancing its content library and user experience.

Seasun

Corporate Round in 2017
Seasun is China's first computer gaming studio, with over 20 years of experience in the industry. The company focuses on delivering high-quality and engaging games across various platforms, including iOS, Android, and personal computers. By emphasizing a strong commitment to its vision and fostering collaboration among its team, Seasun aims to create enjoyable gaming experiences for players worldwide.

Manman app

Series A in 2017
Manman is a mobile comics platform established in Beijing in 2017, specializing in the production and distribution of original comic content. With over 980 titles available, including 315 exclusives, the app has cultivated a user base exceeding 14 million, of which 3 million are active users. Notably, 2 million users maintain more than 20 subscriptions, demonstrating a strong engagement with the platform. Manman aims to generate revenue through paid subscriptions, advertising, and reward systems, enhancing the entertainment experience for its audience by providing diverse and novel comic topics.

Hike

Series D in 2016
Hike is a versatile technology company that focuses on creating innovative products aimed at shaping the social future. It operates a comprehensive platform that facilitates in-store, online, and mobile selling for retailers, alongside providing cloud-based retail management software. In addition, Hike is engaged in the blockchain gaming sector, developing the Rush Gaming Universe, which combines elements of Web2 and Web3 to offer a unique social gaming experience. This platform allows players to utilize their skills to earn and grow within the gaming ecosystem. Furthermore, Hike has developed a mobile messaging application that provides multilingual messaging services, enabling users to express themselves through stickers and emojis while sharing messages and media with friends and family. Overall, Hike is dedicated to merging technology with social interaction and gaming, creating new economic opportunities for users.

Douyu TV

Series C in 2016
Douyu TV is a live streaming media platform that provides live content such as games, sports, variety shows, entertainment, and more. The live-stream platform offers services like video-sharing for the students live broadcast, covers the main live game and sports as well as other live contents, enabling users to submit, view, and add commentary subtitles to videos of games, while incorporating content ranging from sports, variety shows, and entertainment. Zhang Wenming founded Douyu TV in 2013, with its headquarters in Wuhan in China.

Supercell

Acquisition in 2016
Supercell is a mobile game developer based in Helsinki, Finland, with additional operations in San Francisco. Founded in 2012 by experienced industry veterans, the company focuses on creating games designed for tablets and touch devices. Supercell adopts a unique approach by empowering small, independent teams to develop engaging games that appeal to a broad audience and are intended to be played for years. The company's notable titles include Clash Royale, Boom Beach, Clash of Clans, and Hay Day, which span various genres such as combat strategy and farming. By prioritizing user engagement and social interaction, Supercell aims to provide enjoyable gaming experiences across multiple platforms, specifically targeting both iOS and Android users.

Paradox Interactive

Funding Round in 2016
Paradox Interactive, a Swedish company, is a leading global publisher of PC-based strategy games. It is renowned for its extensive portfolio, including established franchises like Europa Universalis, Crusader Kings, Hearts of Iron, and Stellaris. The company develops and publishes these games, distributing them worldwide through platforms such as Steam, Apple, Google Play, and Sony stores. The United States is its primary revenue source.
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