Report: Supercell Valued at $800 Million

April 1, 2013 -

Finland-based free-to-play game studio Supercell is valued at around $800 million after its latest funding round. The developer behind the hit F2P mobile titles Clash of Clans and Hay Day sold off between 16 - 20 percent of its common shares for an estimated $100 - $150 million. The word on the street is that the company's latest investors include Institutional Venture Partners, Atomico and Index Ventures. The company allegedly got close to being valued at an even $1 billion, but fell just short of the mark.

Supercell declined to comment on the story, according to Develop. Instead it offered the standard boiler point statement:

"We simply will not comment on market rumors. We’ve never really done that and will not do that now."

Supercell got the attention of investors in October when it revealed that its two free-to-play titles were generating $500,000 a day for the company. In January, it claimed that the previous milestone had doubled, earning it $1 million a day in revenue...

Source: Develop


 
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