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Metacore Secures $29.6m From Supercell

EARLY VENTURE | ANNOUNCEMENT DATE: 17 SEP 2020
WRITTEN BY | 20 Sep 2020
Metacore Secures $29.6m From Supercell
EARLY VENTURE

💵 Venture Funding

  • Helsinki-based mobile game developer Metacore, previously known as Everywear Games, has raised $29.6m of funding from Supercell, which is also based in Helsinki, Finland

  • The funding comes in the form of a $17.8m investment and an $11.8m credit line. The credit will be used to scale Merge Mansion, Metacore’s first game, performance. The rest of the investment will be mostly used towards the expansion of the studio’s team, with the aim to hire at least 10 people, both for development and marketing functions

  • The company has raised $26.14m in funding to date

💵 Previous Rounds

  • In November 2018, Metacore, as an Everywear Games, has raised a $5.6m investment from Supercell

  • In September 2015, the company raised $2.25m in a Seed Round led by True Ventures, with participation from Lifeline Ventures and Sunstone Capital

  • In March 2015, the startup has raised about $572.5k in a Seed Round from Lifeline Ventures and Sunstone Capital

🎲 Product

  • Previously, the company was developing and adapting games for Apple Watch, with Runeblade as their flagship title. After rebranding, Metacore re-focused on mobile games developing

  • Metacore’s first mobile game – Merge Mansion – has officially launched on September 16, 2020. The game showed a 24% 30-day retention rate among its beta testers

SOURCES: METACOREGAMES, GAMESINDUSTRY, POCKETGAMER, SILICONCANALS

Supercell
  • Established in 2010

  • Headquarters — Helsinki, Finland / offices in San Francisco, Seoul and Shanghai

  • Team of 320 employees

  • Founded by —  Ilkka Paananen, Mikko Kodisoja, Lassi Leppinen, Niko Derome, Petri Styrman and Visa Forsten

  • Leading mobile game developer

Metacore
  • Established in 2015

  • Headquarters — Helsinki, Finland

  • Team of 15 employees

  • Founded by Mika Tammenkoski and Aki Järvilehto

  • Mobile game developer