![]() ![]() InnoGames has 400 employees working on games like Elvenar, Tribal Wars 2, and Forge of Empires. MTG is best known for its esports and MPN businesses (ESL and DreamHack), so this adds an extra arm to their business. Hendrik Klindworth, InnoGames CEO and co-founder, said: “We have scored major success with our live games and are now focusing on the development of several new mobile first titles… MTG’s international presence, understanding of storytelling entertainment, and commitment to IP development and building engaged user communities will bring our games to even larger audiences around the world.” It’s also clearly a big win for InnoGames which was bootstrapped until raising a B round from Eight Roads, and a win for Hamburg which is not so well-known on the European or Global tech scene as a hub. The move is a win for the London-based Eight Roads Ventures fund, formerly known as Fidelity Growth Partners.ĭavor Hebel, partner in Eight Roads, told TechCrunch the games company is on a tear, continuing on a path towards €1bn of revenue. InnoGames has over 150 million registered players, and half of new players come from mobile devices, with many more mobile titles planned. MTG also has the option to acquire a 51% stake in the future. MTG ( Modern Times Group), the Swedish digital entertainment company, has acquired a 35% stake in the company for an estimated $100 million, valuing the company at $287 million. InnoGames, the Hamburg-based developer and publisher of successful browser games such as Elvenar, Tribal Wars, The West, and Grepolis, is going to the next level.
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