AfterDawn: Tech news

Gaming startup 'Supercell' raises $100 million

Written by Andre Yoskowitz @ 30 Mar 2013 12:16

Gaming startup 'Supercell' raises $100 million

Supercell, the new hot gaming startup out of Finland, has raised $100 million, with a valuation of $625 million.
The company makes two games currently, Clash of Clans and Hay Day, both available for iOS. The games have been wildly successful, making about $1.3 million per day.

Supercell raised the $100 million by selling 16 percent of their outstanding shares. According to Crunch, the new investors are Institutional Venture Partners, Atomico and Index Ventures.

Accel Partners already has a 21.6 percent stake in the company, which they purchased for $12 million in 2011 before the games company even had any hits.

Previous Next  
Comments have been disabled for this article.

Latest news

Sony suspends memory card sales because memory chips are simply not available Sony suspends memory card sales because memory chips are simply not available (28 Mar 2026 6:49)
Sony has announced that it is temporarily suspending the sale of memory cards used in mobile phones and digital cameras, among other things. The company states that the reason is problems with the availability of memory chips.
Austria plans to ban social media for under 14 year olds Austria plans to ban social media for under 14 year olds (28 Mar 2026 6:17)
Austria is planning to ban social media for children under 14. The reform aims to protect children from harmful effects and addictions, but at the same time, it is problematic from a privacy perspective.
TP-Link urges users to update their routers - several vulnerabilities patched TP-Link urges users to update their routers - several vulnerabilities patched (26 Mar 2026 1:56)
Serious security vulnerabilities have been discovered in several TP-Link router models, for which patches were released at the end of March 2026. The company urges users to update their router software immediately.
Google: The feared Q-Day is now expected to happen in 2029 Google: The feared Q-Day is now expected to happen in 2029 (25 Mar 2026 4:32)
Google has advanced its estimate of when current forms of encryption will become insecure. The moment is called Q-Day, or Quantum Day, when the computational power of quantum computers will be sufficient to break currently used encryptions.
OpenAI shuts down its AI video service Sora OpenAI shuts down its AI video service Sora (24 Mar 2026 6:28)
OpenAI has decided to shut down Sora, its AI video creator, just months after its release. The decision is due to issues such as copyright problems and the deepfake phenomenon.

News archive