# Hutch Games

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/hutch-games

- Industry: Software
- Headquarters: London, UK
- Website: www.hutchgames.com
- Total disclosed funding: $0.7M
- Latest round: Seed (Feb 18, 2014)
- Investors on record: 1

## About

Hutch Games Ltd. is a mobile gaming company specializing in the development and publishing of automotive-themed games, engaging players in competitive racing and vehicle management experiences.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. The founders include James Emmins, Jay M., Sean Turner, and Shaun Rutland, who currently serves as CEO.Hutch Games Ltd. specializes in the development and publishing of mobile gaming applications that focus on automotive themes, particularly through its flagship products such as "F1® Clash," "Matchcreek Motors," and "Top Drives." 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. The company operates through a digital distribution model, reaching users through platforms like the Apple App Store and Google Play Store.Hutch Games Ltd. generates revenue primarily through in-app purchases and monetization strategies associated with its mobile games. For the year 2023, the company reported a revenue of USD 41.53 mn, with an EBITDA of USD -5.31 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 leverages a freemium model, allowing players to download and play for free while offering premium content that enhances the gaming experience.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. The recent acquisition by Modern Times Group MTG AB will enable Hutch to utilize the USD 375 million funding to invest in these growth initiatives, enhance product development, and solidify its presence in the mobile gaming industry.

## Funding rounds

- Seed, Feb 18, 2014, $0.7M — Initial Capital

## Investors

- Initial Capital — Seed