Clash of Clans & HayDay Publisher Supercell now valued at $800 Million
Finnish Publisher Supercell (creator of of Clash of Clans and Hay Day) has reportedly sold a chunk of its stock to existing investors Institutional Venture Partners, Atomico and Index Ventures. With Supercell’s newest round of funding being between $100 and $150 (for 16-20% of the company) positions the company to be valued at $800 million. In the initial days (2011), when Supercell was developing games for Facebook its first round of funding came from Accel Partners which raised them $12 million. With only two games created (one being on iOS) it is said to be generating more than $1 million per day. With that being said, it means they don’t actually need the investment for anything, which could include: expansion, operations, marketing – or anything along those lines. This deal is likely a result of the founders and original set of investors drawing in more money to cash-out with some substantial gains, while also providing the larger VC’s (new investors) some stability in ownership for whatever happens next moving forward, (which...
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