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New Deal


Announced

Completed

XN Capital led a $100m Series C financing round in Manticore Games.

Financials

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Transaction Value£72m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Private

Private Equity

Gaming

Acquisition

Completed

Venture Capital

online game developer

Minority

United States

Friendly

Domestic

Synopsis

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XN Capital led a $100m Series C financing round in Manticore Games, the developer and operator behind an arcade of online games. The round had participation from other strategic and institutional investors such as SoftBank Vision Fund 2 and LVP, as well as returning investors Benchmark, Bitkraft, Correlation Ventures and Epic Games. “This financing underscores confidence in Manticore’s vision of a Creator-built Multiverse. Core puts the power in Creators’ hands to build an endless arcade of free games for players and they’ve delivered. We are thrilled to have more resources to invest in our Creators, who we see as the engine of our growth, to ultimately build the games Multiverse and the best playground for players. Our Early Access launch on Epic Games Store next month is just the beginning,” Frederic Descamps, Manticore Games CEO and Co-founder.

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