Hutch Games
Latest round
- Seed
Last raised
- Feb 2014
Total raised
- $0.7M
Investors
- 1
About Hutch Games
Hutch Games Ltd.Founded in 2011 in London, UK, Hutch Games Ltd. develops mobile games with a focus on automotive themes. The company has gone through significant changes in its business strategy over the years, including its acquisition by Modern Times Group MTG AB in December 2020 for approximately USD 375 million, which comprised an upfront payment of USD 275 million and potential earn-out payments valued at USD 100 million. Hutch Games has executed four deals to date, with the most recent deal occurring in December 2020.Hutch Games Ltd." These games allow players to engage in racing simulations, car restoration, and customization, catering to enthusiasts who enjoy both competitive racing mechanics and vehicle management. The company's offerings aim to solve the needs of gamers looking for immersive experiences that combine gameplay with car culture, enhancing user engagement through continuous updates and seasonal content releases. Hutch's target audience includes mobile gamers worldwide, primarily in regions such as North America, Europe, and parts of Asia, where mobile gaming has seen significant growth.Hutch Games Ltd. generates revenue primarily through in-app purchases and monetization strategies associated with its mobile games.31 mn. Users can access various gameplay elements, including exclusive vehicles, customization options, and competitive advantages, through microtransactions within the games. This structure supports both direct-to-consumer sales and partnerships with digital storefronts that facilitate transactions.Hutch Games Ltd. is focused on expanding its product lineup with new developments in automotive gaming, although specific upcoming releases have yet to be announced. The company aims to broaden its reach in new geographic markets, particularly targeting additional regions in Asia by 2025.
Who invested in Hutch Games
1 investor across 1 round
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Funding rounds
Seed
Feb 18, 2014
Amount
$0.7M
Investors
Questions about Hutch Games
Who invested in Hutch Games?
Hutch Games has 1 investor on record across 1 venture round. Sign up free to see every VC on the cap table and the rounds they joined.
How much funding has Hutch Games raised?
Hutch Games has raised 1 venture round. Sign up free to see how much each round raised and the total.
When did Hutch Games last raise money?
Hutch Games's most recent round on record is a Seed, in Feb 2014.
What does Hutch Games do?
Hutch Games is a software company.
Where is Hutch Games headquartered?
Hutch Games is headquartered in London, UK.
Which VCs invest in companies like Hutch Games?
Among active investors with capital left to deploy, Index Ventures, European Investment Bank, Balderton Capital and Sofinnova Partners back software companies at Hutch Games's stage. Their profiles are linked below.
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