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- Confirmed: Red-Hot Gaming Startup Supercell Raised $130M, Made $179M Last Quarter
Last month, we posted a bit of a rumor: that Finland’s Supercell — likely the most lucrative iOS gaming company in the world — had raised about $100 million in funding in a round led by Index Ventures, Atomico Partners and Institutional Venture Partners.
Now we have confirmation today that the deal did happen, according to a flashy Forbes feature.
The tiny Helsinki-based company, which is a little over 90-people strong, did in fact raise $130 million on a $770 million valuation from Index, Atomico and IVP. Like we said, the round was largely secondary: all shareholders, including early investor Accel Partners, sold 16.7 percent of their holdings in the company to the newer investors.
Not only that, Supercell shared some revenue figures, (and holy crap, are they bigger than I thought they would be).
Last quarter, Supercell made $179 million and netted $104 million of that after expenses and Apple’s 30 percent cut. Last year, they grossed $100 million.
Today, they’re making $2.4 million a day — which is about double the rumor figures I had heard from numerous sources in the industry. They also have about 8.5 million daily active users, which is actually lower than comparable companies like King or Zynga.