Gaming startup 'Supercell' raises $100 million

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.

Written by: Andre Yoskowitz @ 30 Mar 2013 12:16
gaming clash of clans Supercell
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