Finland based mobile game startup Metacore has announced that it has raised USD 180 Million in debt from Supercell, a mobile game company, on 06th May 2021.
Last year in September 2020, the company raised USD 17.7 million in equity and USD 11.8 in debt from Supercell. It seems that the relation between these two companies is going well.
Supercell has been fascinated by the game development techniques and strategy of the company, as it creates games that have only two to three person teams and load resources only when the game runs. This approach in the game industry is quite innovative and can be considered as a reason for the investment done by Supercell in the company.
The reason behind the investment :
The company’s Merge Mansion, a puzzle game, has become one of the most trending games in the mobile gaming industry, and Supercell clearly wants to be a part of success. The game has more than 800,000 players daily, and its revenue rate is more than USD 52.24 Million.
About Investor –
Supercell is one well-known game developer in the smartphone gaming industry. They have come out with the games like Clash of Clan (CoC), Clash Royale, Boom Beach, Hay day and Brawl Stars. The company was started on 14 May, 2010 by Mikko Kodisoja and Ikka Paananen. They both used to work in a mobile game company named Sumea.
The company does not focus on revenue, but on a theory, “just design something great, something that users love”. With this principle, they made the world experience some addictive and famous games.
About the company –
Metacore is a wearable game studio which was founded in 2014 by Aki Järvilehto, Markus Tuppurainen,and Mika Tammerkoski. It has its headquarters in Scandinavia. The founders of the company have worked with the companies like Rovio, Digital Chocolate and Remedy.
Till now the company has raised a total of USD 217.9 Million in the last six funding rounds by five different investors.
Words from the CEO –
“Yes, it is a credit line. We are more about scaling up the company as we are scaling up revenue. We already have meaningful revenue, we can invest the money, and we can expect a certain kind of return on investment. So this is the cheapest investment that we can get. Equity investment would dilute us. So this makes sense from that point of view. With Supercell, we have a really great partner backing us. They know exactly what is ahead of us. They know exactly the kind of challenges that we have, and that makes us aligned in that sense. We both think long term. We both want to scale the game as big as possible. And with Supercell, we get the best terms overall.” – Mika Tammerkoski, CEO & Co-founder, Metacore.
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