Tencent

Founded in 1998, Tencent is a leading global technology company based in China. It operates the world's largest game publishing business and owns WeChat, one of the most widely used messaging apps globally with over 1 billion users. The company offers a range of services including social networking, gaming, fintech, cloud computing, online advertising, and digital content.

Hongwei Chen

Executive Director of Investment

Kyle Kurpinski

Investor

Martin Lau

President

Jeffrey Li

Managing Partner

Lin Haifeng

General Manager, M&A

Alvin Liu

Co-Founder

Steven Ma

SVP

Danying Ma

Managing Director

Huateng Ma

Co-Founder, Chairman and CEO

James Mitchell

Chief Strategy Officer

phil mu

Chief Investment Officer

Dowson Tong

President of Social Network Group, Senior Executive Vice President

Ye Wang

Associate Director, Global Data Intelligence and Data Service, IEG

Bo Wang

Vice President, Tencent Games

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

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
Founded in Finland in 1995, Remedy Entertainment is a game development company focused on creating leading action games. Known for innovative ideas, high-quality content, and state-of-the-art technology, the company's titles include Death Rally, Max Payne, and others, published by partners like Rockstar Games and Smilegate.

Remedy Entertainment

Post in 2024
Founded in Finland in 1995, Remedy Entertainment is a game development company focused on creating leading action games. Known for innovative ideas, high-quality content, and state-of-the-art technology, the company's titles include Death Rally, Max Payne, and others, published by partners like Rockstar Games and Smilegate.

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, recognized for its innovative approach to game creation. The company focuses on delivering high-quality game development services, catering to the diverse needs of its clients. By attracting and nurturing top talent in the industry, Lighthouse Games positions itself at the forefront of the gaming landscape, ensuring that it remains competitive and capable of producing cutting-edge gaming experiences.

Kuro Game

Venture Round in 2023
Kuro Game is a developer of two-dimensional action mobile games, aiming to expand gaming options. Its notable title includes 'Punishing: Gray Raven', a free-to-play 3D action role-playing game featuring ACG elements and high-quality graphics.

Quell

Series A in 2023
Quell, Inc., founded in 2020 and based in San Francisco, California, specializes in developing an immersive fitness game that combines exercise with interactive gameplay. The company's product includes a low-cost wearable device featuring smart resistance bands, which guides users through engaging combat workouts at home. Quell's unique approach to fitness allows players to achieve their fitness goals while enjoying an intense workout within a virtual fantasy world. The startup charges a monthly fee to provide fresh content, positioning itself as a blend of Peloton and gaming 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
Shift Up 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, including the creation of promotional videos and music. With a strong emphasis on illustrations and robust planning and programming skills, Shift Up aims to deliver high-quality gaming experiences.

Skydance Media

Private Equity Round in 2022
Founded by David Ellison in 2010, Skydance Media is a diversified company that creates high-quality entertainment across various platforms. It specializes in feature films, television shows, gaming, and digital media.

Hadean

Series A in 2022
Hadean is a venture-backed startup specializing in distributed cloud computing for web 3.0 applications and the metaverse. Their platform enables unprecedented scale and fidelity in digital realms, enhancing physical experiences.

Triternion

Venture Round in 2022
Triternion is a video game development company based in Ljubljana, Slovenia, specializing in multiplayer slasher games for personal computers and consoles. Comprised of a small team of skilled international developers, the company focuses on creating detailed and engaging first-person combat experiences. Triternion is dedicated to producing high-quality content that emphasizes creativity and innovation, appealing to fans of action and strategy gaming.

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

Corporate Round in 2022
Novarama is an independent game development studio based in Barcelona, Spain. With over five decades of combined experience, its team creates innovative electronic entertainment for mass audiences, specializing in full-title development, contract work, and licensed games across PCs and consoles.

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 Madrid-based game development studio best known for its work on Rime. It operates as a boutique studio with the capacity to produce high-quality titles and to bring these projects to a wider audience. The company specializes in interactive narratives that balance handcrafted design with innovation, aiming to deliver unique and engaging experiences for players.

Immutable Systems

Series C in 2022
Immutable Systems, founded in 2018 and based in Sydney, Australia, develops video games that integrate blockchain technology to enhance player experience. The company, previously known as Fuel Games, focuses on creating a platform that allows players to own digital assets and engage in secure trading. By utilizing the Ethereum blockchain, Immutable Systems aims to provide scalable infrastructure that promotes transparency in in-game economies, empowering players with greater control over their gaming experiences. The company's innovative approach includes offering tools and services that facilitate the development and management of player-owned assets, fostering a user-friendly environment for both gamers and developers.

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 development and publishing company based in Edmonton, Canada. The studio specializes in creating online video games set in Victorian fantasy worlds, focusing on adventure and mystery themes.

Turtle Rock Studios

Acquisition in 2021
Turtle Rock Studios is a game development company based in Lake Forest, California, recognized for its dedication to creating cooperative gameplay experiences. Specializing in AAA competitive and cooperative shooters, as well as virtual reality games, Turtle Rock Studios aims to deliver engaging and innovative gaming experiences that fulfill players' aspirations. The studio focuses on designing multi-project games that encourage collaboration among players, highlighting its commitment to fostering community and shared experiences in gaming.

Moore Threads

Series A in 2021
Founded in 2020, Moore Threads specializes in developing Graphics Processing Unit technology for corporate clients across sectors such as gaming, creative industries, and artificial intelligence. Its GPU solutions cater to data centers, edge computing servers, professional workstations, and high-performance PCs.

Byment

Venture Round in 2021
Baiman Culture Communication Co., Ltd. is an Internet-based cultural enterprise focused on the development and production of online animation, comics, and games. The company specializes in network animation and IP incubation, offering services that encompass long and short comic script development, drawing creation, and full platform publishing for Internet comics. Its professional team is well-equipped for the entire production process of animated content, including script development and directing. By leveraging its original content capabilities, Baiman aims to deliver high-quality online anime, comics, and games, enhancing the user experience in the digital entertainment space.

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 titles, including Donkey Kong Country and Banjo-Kazooie. The company focuses on creating engaging and enjoyable games for a wide audience, both new and nostalgic players. Utilizing advanced 3D technology, Playtonic Games aims to develop immersive digital experiences that resonate with players' fond memories. The firm is committed to delivering good, fun games across multiple platforms, striving to capture the essence of beloved gaming experiences for contemporary audiences.

Wake Up Interactive

Acquisition in 2021
Wake Up Interactive is a digital entertainment developer focused on creating high-quality content designed to bring joy 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 narratives, Wake Up Interactive aims to enhance the digital entertainment experience for users across different devices.

mod.io

Series A in 2021
mod.io is a cross-platform mod support and user-generated content service that enables game studios to harness community creativity across PC, console, and mobile. Since its 2019 launch, it has been adopted by more than 50 games and supports a large creator community, with about 400,000 daily users, 600,000 pieces of content, and over 100 million mods installed. The platform provides an accessible API and marketplace to create, manage, and distribute mods and other user-generated content across platforms and stores, helping developers build long-term engagement and creator ecosystems.

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.

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
An independent game developer specializing in sandbox-style games. Known for titles like 'Portal Knights' and 'Olympus Rising', Keen Games offers diverse gameplay experiences across various platforms.

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 is a game development company based in Skövde, Sweden, founded in 2010 by a group of passionate game development students. The studio specializes in creating multiplayer arena games, most notably the title Bloodline Champions. With a team of around twenty-five skilled developers, Stunlock Studios fosters a collaborative and innovative environment, valuing passion, diversity, and loyalty among its members. The company aims to deliver community-driven gaming experiences that blend classic simplicity with creative mechanics, allowing players to engage in challenging and exciting gameplay. The studio's open communication culture and emphasis on teamwork contribute to a vibrant workplace, where creativity thrives and employee well-being is prioritized.

Age of Learning

Series C in 2021
Age of Learning, Inc., based in Glendale, California, is a prominent education technology company known for its flagship product, ABCmouse.com Early Learning Academy, which caters to children aged 2 to 7. The platform offers a comprehensive curriculum that includes subjects such as reading, math, science, and art, designed to foster a strong academic foundation and a love for learning. Age of Learning also provides specialized programs for schools, including ABCmouse.com for Schools, which offers free access to educators and their students, allowing for individualized lessons aligned with educational standards. Additionally, the company supports early childhood education initiatives through its Head Start program for low-income families and partnerships with public libraries to provide free access to its resources. With over 11 billion learning activities completed by more than 50 million children globally, Age of Learning is dedicated to enhancing educational equity and access while promoting engagement through interactive features and rewards.

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 Games, founded by filmmaker J.J. Abrams, focuses on storytelling and world-building through the medium of games. The company leverages the expertise of industry veterans from both the gaming and entertainment sectors, creating immersive experiences that blend interactive gameplay with cinematic narratives. Bad Robot Games aims to unite diverse artistic perspectives to develop expansive worlds that engage audiences across various platforms, including gaming, animation, and motion films. With a commitment to innovation and creativity, the company aspires to deliver experiences that are enjoyable to both play and watch. Based in Santa Monica, Bad Robot Games is part of the broader Bad Robot brand, known for its successful television and film projects.

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
Founded in 2013, Ubitus specializes in deploying cloud-enabled rich media services. It offers a leading cloud gaming solution for major game companies and telecom service providers worldwide. Additionally, it streams metaverse content across multiple devices for platform operators and digital content developers.

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 development company based in Mnisek pod Brdy, Czech Republic, known for its focus on simulation and freedom in gaming. Established over 15 years ago, the company has developed a diverse portfolio that includes well-known titles such as the Arma and Take On series, as well as DayZ. Bohemia Interactive emphasizes combat games and operates multiple development teams across various locations. It also boasts its own motion capturing and sound recording studio, enhancing its ability to produce high-quality gaming experiences. As a result, Bohemia Interactive has established itself as a significant player in the PC game entertainment industry.

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 specializes in creating and publishing a diverse range of games across various platforms, encompassing both single-player and multiplayer experiences. Klei is driven by a passion for developing games that resonate with their creative vision, resulting in unique and engaging titles. Their portfolio includes innovative puzzle games and reimagined classic genres, reflecting their commitment to crafting memorable gameplay experiences that evoke nostalgia. Through the talent and creativity of its team, Klei Entertainment aims to deliver games that captivate players and stand out in the competitive gaming landscape.

Mundfish

Series A in 2021
Mundfish develops online, PC, and video first-person shooter games, focusing on delivering engaging gameplay experiences for players. The company works on game design, programming, and production to create its products.

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., founded in 2020 and based in San Francisco, California, specializes in developing an immersive fitness game that combines exercise with interactive gameplay. The company's product includes a low-cost wearable device featuring smart resistance bands, which guides users through engaging combat workouts at home. Quell's unique approach to fitness allows players to achieve their fitness goals while enjoying an intense workout within a virtual fantasy world. The startup charges a monthly fee to provide fresh content, positioning itself as a blend of Peloton and gaming experiences.

Lockwood Publishing

Series A in 2020
Lockwood Publishing Limited is a Nottingham-based company that develops and publishes social and mobile games. Founded in 2007, it specializes in creating immersive entertainment software for various platforms, including PlayStation, iOS, Google Play, Amazon, and the web. The company's flagship product, Vakin Life, is a 3D virtual world that allows users to create avatars, customize their apartments, and engage with a large online community. Co-founded by Halli Bjornsson and Joel Kemp in 2009, Lockwood Publishing has established itself in the gaming industry by focusing on cross-platform experiences that foster social interaction among players.

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., based in Glendale, California, is a prominent education technology company known for its flagship product, ABCmouse.com Early Learning Academy, which caters to children aged 2 to 7. The platform offers a comprehensive curriculum that includes subjects such as reading, math, science, and art, designed to foster a strong academic foundation and a love for learning. Age of Learning also provides specialized programs for schools, including ABCmouse.com for Schools, which offers free access to educators and their students, allowing for individualized lessons aligned with educational standards. Additionally, the company supports early childhood education initiatives through its Head Start program for low-income families and partnerships with public libraries to provide free access to its resources. With over 11 billion learning activities completed by more than 50 million children globally, Age of Learning is dedicated to enhancing educational equity and access while promoting engagement through interactive features and rewards.

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.

Xigua City

Series B in 2020
Xigua City is a Hangzhou-based education technology company founded in 2013. It operates an online platform offering computer programming lessons tailored for children aged 5-12. The company employs AI and big data to continually enhance its curriculum, teaching services, and learning experience, aiming to cultivate young students' interest in coding languages through engaging, gamified projects. Xigua City partners with experienced program developers to create intuitive teaching styles suitable for young learners.

Huya.com

Post in 2020
Huya Inc. operates a leading game live streaming platform in China, facilitating interactive broadcasts that allow real-time interaction between broadcasters and viewers. Founded in 2011 and headquartered in Guangzhou, Huya provides a diverse array of live streaming content, encompassing a vast library of approximately 3,800 games across various genres, including esports, mobile, and console games, as well as entertainment categories like talent shows and online theater. Additionally, Huya runs Nimo TV, which focuses on game streaming in Southeast Asia and Latin America. The company also engages in online advertising, marketing services, software development, and internet value-added services. As a subsidiary of Tencent, Huya benefits from the support of one of the largest technology companies in China, with Tencent holding a significant equity stake and voting power.

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
Founded by David Ellison in 2010, Skydance Media is a diversified company that creates high-quality entertainment across various platforms. It specializes in feature films, television shows, gaming, and digital media.

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. is a technology company that operates the Bunch platform, a party application designed for multiplayer gaming. Established in 2017 and based in New York City, Bunch allows users to engage in games with friends via group video chat, enhancing the social aspect of gaming. The platform also facilitates game developers by enabling integration, which allows players to connect with friends and enjoy live mobile games together. By providing an easy way to discover, play, and share games, Bunch aims to revolutionize the way people interact in the gaming community.

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, founded in 2016 and based in Hangzhou, China, specializes in the production of comics and the development and publication of mobile games. The company collaborates with authors and game designers to transform their creative concepts into fully realized works, which are subsequently hosted on various external platforms. In addition to producing in-house comic content, Crossingstar Studio is dedicated to fostering a supportive and collaborative work environment, offering employees a range of benefits that enhance their overall experience.

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 an Internet-based cultural enterprise focused on the development and production of online animation, comics, and games. The company specializes in network animation and IP incubation, offering services that encompass long and short comic script development, drawing creation, and full platform publishing for Internet comics. Its professional team is well-equipped for the entire production process of animated content, including script development and directing. By leveraging its original content capabilities, Baiman aims to deliver high-quality online anime, comics, and games, enhancing the user experience in the digital entertainment space.

Xiaoxiang Huyu

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

1939 Games

Seed Round in 2019
Founded in 2015 by former CCP veterans, 1939 Games is an Icelandic indie game development studio specializing in World War II-themed gaming experiences. Their flagship product is KARDS, a digital collectible card game that blends familiar card game elements with classic WWII gaming.

Sea

Post in 2019
Sea is a technology-driven consumer internet company operating in Southeast Asia, with a mission to enhance the lives of consumers and small businesses through innovative digital platforms. The company's core businesses include Shopee, a leading hybrid C2C and B2C e-commerce marketplace operating across seven countries; Garena, a gaming platform with Free Fire as its key revenue generator; and SeaMoney, offering financial services such as lending, payments, digital banking, and insurance.

Fatshark

Private Equity Round in 2019
Founded in 2008, Fatshark is an independent Swedish game development studio specializing in multiplayer video games for mobile, PC, Mac, and console platforms. The company offers subcontracting services for game development and sells published games through its online store.

Discord

Series F in 2018
Discord operates as a communication platform offering voice, video, and text services for users to interact with friends and communities. Originally created for gamers, it has since expanded its user base to include various groups such as art communities, study groups, and local clubs.

Crossingstar Studio

Series A in 2018
Crossingstar Studio, founded in 2016 and based in Hangzhou, China, specializes in the production of comics and the development and publication of mobile games. The company collaborates with authors and game designers to transform their creative concepts into fully realized works, which are subsequently hosted on various external platforms. In addition to producing in-house comic content, Crossingstar Studio is dedicated to fostering a supportive and collaborative work environment, offering employees a range of benefits that enhance their overall experience.

Bilibili

Post in 2018
Bilibili is a Chinese online entertainment platform that provides high-quality content and an immersive experience. Initially focused on anime, comics, and gaming for Generation Z users, it has since expanded its offerings to cater to a broader audience.

1939 Games

Seed Round in 2018
Founded in 2015 by former CCP veterans, 1939 Games is an Icelandic indie game development studio specializing in World War II-themed gaming experiences. Their flagship product is KARDS, a digital collectible card game that blends familiar card game elements with classic WWII gaming.

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.

Krafton

Secondary Market in 2018
Krafton Inc is a South Korean video game developer and holding company headquartered in Seongnam. It specializes in creating fantasy games for both PC and mobile platforms, and it is renowned for its popular title, PlayerUnknown's Battlegrounds. In addition to this flagship game, Krafton has developed several other titles, including PUBG: Battlegrounds, PUBG: New State, Tera, Elyon, and Mistover. The company aims to maintain its status as a leading name in the video game industry by adhering to its core value of craftsmanship in game development.

Grinding Gear Games

Acquisition in 2018
Grinding Gear Games is a video game developer based in Auckland, New Zealand, known for creating the online action role-playing game Path of Exile. Founded in November 2006, the company boasts a diverse team with backgrounds in artificial intelligence, software security, industrial design, and competitive gaming. Grinding Gear Games specializes in developing immersive online games that feature a variety of strategy elements and role-playing characters, allowing players to choose from an array of options to enhance their gaming experience.

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 operates as a communication platform offering voice, video, and text services for users to interact with friends and communities. Originally created for gamers, it has since expanded its user base to include various groups such as art communities, study groups, and local clubs.

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 develops and publishes high-quality video games for consoles, PCs, and mobile devices worldwide. Its major franchises include Assassin's Creed, Rainbow Six, Far Cry, Just Dance, The Crew, and Skull & Bones.

Huya.com

Series B in 2018
Huya Inc. operates a leading game live streaming platform in China, facilitating interactive broadcasts that allow real-time interaction between broadcasters and viewers. Founded in 2011 and headquartered in Guangzhou, Huya provides a diverse array of live streaming content, encompassing a vast library of approximately 3,800 games across various genres, including esports, mobile, and console games, as well as entertainment categories like talent shows and online theater. Additionally, Huya runs Nimo TV, which focuses on game streaming in Southeast Asia and Latin America. The company also engages in online advertising, marketing services, software development, and internet value-added services. As a subsidiary of Tencent, Huya benefits from the support of one of the largest technology companies in China, with Tencent holding a significant equity stake and voting power.

Douyu TV

Series E in 2018
Douyu International Holdings Limited operates a live streaming platform based in Wuhan, China, focusing primarily on interactive gaming and entertainment content. Founded in 2014, the platform connects various stakeholders, including game developers, professional eSports teams, advertisers, and viewers. Douyu TV features a wide range of live streaming options, encompassing not only video games but also sports, variety shows, music, and travel content. The platform enables users to submit, view, and comment on videos, while also providing features for recording and sharing clips of live broadcasts. Douyu TV plays a significant role in the eSports ecosystem by sponsoring teams and organizing tournaments, positioning itself as a key player in the live streaming and gaming sectors in China.

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
Founded by David Ellison in 2010, Skydance Media is a diversified company that creates high-quality entertainment across various platforms. It specializes in feature films, television shows, gaming, and digital media.

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.

Krafton

Venture Round in 2017
Krafton Inc is a South Korean video game developer and holding company headquartered in Seongnam. It specializes in creating fantasy games for both PC and mobile platforms, and it is renowned for its popular title, PlayerUnknown's Battlegrounds. In addition to this flagship game, Krafton has developed several other titles, including PUBG: Battlegrounds, PUBG: New State, Tera, Elyon, and Mistover. The company aims to maintain its status as a leading name in the video game industry by adhering to its core value of craftsmanship in game development.

Frontier Developments

Post in 2017
Frontier Developments is a video game developer founded in 1994 by David Braben. It creates immersive, high‑quality interactive entertainment using its Cobra cross‑platform technology and standard tools to build and publish games across PC and major consoles, through both self‑published titles and long‑standing publisher partnerships. The company emphasizes strong gameplay design, artistic quality and technical execution to suit evolving hardware and user interfaces. Its catalog includes RollerCoaster Tycoon 3, LostWinds, Kinectimals, Kinect Disneyland Adventures and Coaster Crazy. Based in the United Kingdom with a North American presence, Frontier employs around two hundred people and maintains a global development footprint to bring ambitious projects to market.

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., founded in 2009 and based in San Francisco, California, specializes in developing free-to-play social games for mobile devices. The company distributes its games through major app platforms, including Apple’s App Store, Google Play, and Amazon Appstore. With a team of over 200 employees, Pocket Gems aims to create engaging and graphically rich mobile entertainment, leveraging innovative technologies such as its proprietary Mantis Engine. The company's offerings have garnered significant popularity, with over 270 million downloads worldwide. Notable products include Episode, a mobile storytelling network, and War Dragons, a 3D real-time strategy game. Pocket Gems is committed to enhancing user experiences by incorporating player feedback into its development processes.

Bilibili

Series D in 2017
Bilibili is a Chinese online entertainment platform that provides high-quality content and an immersive experience. Initially focused on anime, comics, and gaming for Generation Z users, it has since expanded its offerings to cater to a broader audience.

Seasun

Corporate Round in 2017
Seasun is China's first computer gaming studio, boasting over 20 years of experience in the industry. The company focuses on providing high-quality game development services, aiming to deliver exciting and engaging games for players worldwide. Its offerings encompass the creation of games for various platforms, including iOS, Android, personal computers, and mobile devices. By prioritizing a common vision and fostering a collaborative environment, Seasun remains committed to its mission of creating fun-filled gaming experiences.

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 technology company that develops in-store, online, and on-the-go selling platforms for retailers, along with retail management software hosted on the cloud.

Douyu TV

Series C in 2016
Douyu International Holdings Limited operates a live streaming platform based in Wuhan, China, focusing primarily on interactive gaming and entertainment content. Founded in 2014, the platform connects various stakeholders, including game developers, professional eSports teams, advertisers, and viewers. Douyu TV features a wide range of live streaming options, encompassing not only video games but also sports, variety shows, music, and travel content. The platform enables users to submit, view, and comment on videos, while also providing features for recording and sharing clips of live broadcasts. Douyu TV plays a significant role in the eSports ecosystem by sponsoring teams and organizing tournaments, positioning itself as a key player in the live streaming and gaming sectors 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.

Kamcord

Series C in 2016
Kamcord is a social media platform based in San Francisco, California, that specializes in mobile game streaming. The company offers an online gaming platform that enables users to record and share video content of their gameplay. By utilizing a mobile gameplay software development kit, Kamcord facilitates interaction among users through video, allowing them to engage with and showcase their gaming experiences.

Douyu TV

Series B in 2016
Douyu International Holdings Limited operates a live streaming platform based in Wuhan, China, focusing primarily on interactive gaming and entertainment content. Founded in 2014, the platform connects various stakeholders, including game developers, professional eSports teams, advertisers, and viewers. Douyu TV features a wide range of live streaming options, encompassing not only video games but also sports, variety shows, music, and travel content. The platform enables users to submit, view, and comment on videos, while also providing features for recording and sharing clips of live broadcasts. Douyu TV plays a significant role in the eSports ecosystem by sponsoring teams and organizing tournaments, positioning itself as a key player in the live streaming and gaming sectors in China.
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