Metacore secures €150m credit score line from Supercell
Cell video games studio Metacore has obtained €150 million in funding from Supercell, within the type of a credit score line.
The funding will assist the studio’s quick enlargement following the profitable launch of its debut recreation Merge Mansion final 12 months. The title has 800,000 day by day lively customers, with Metacore having reached an annual income run fee of €45 million.
Supercell has been supporting the studio from its inception, with a €25 million funding in September final 12 months following up on a €5 million funding in 2018.
Metacore CEO and co-founder Mika Tammenkoski commented: “Merge Mansion has clearly discovered its core viewers since being launched in 2020 — now we’re seeking to construct a very international leisure model round Merge Mansion.
“The continued assist from Supercell allows us to broaden our operations and develop our workforce on this new and thrilling part of our story whereas sustaining our independence. We could not be happier to have an skilled companion like Supercell in our nook.”
Supercell’s investments lead Jaakko Harlas added: “Metacore goes from energy to energy. Merge Mansion launched globally towards very excessive expectations, and it is protected to say that Metacore not solely met these expectations, but in addition showcased what an distinctive workforce they’re.
“We make investments at the start in precisely that — robust groups, and their potential to make superb video games independently. Our function as traders is simply to supply assist and take away obstacles that forestall our portfolio corporations from realizing
their true potential.”