# InnoGames

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/innogames

- Industry: Software
- Headquarters: Hamburg, Germany
- Website: www.innogames.com
- Latest round: Series B (May 18, 2010)
- Investors on record: 1

## About

InnoGames GmbH is a developer and publisher of free-to-play online games, focusing on immersive strategic and role-playing experiences for players on mobile and browser platforms.Founded in 2007 in Hamburg, Germany, InnoGames GmbH specializes in creating online games. The company was established by Eike and Hendrik Klindworth. In December 2020, Modern Times Group MTG AB acquired InnoGames for EUR 106 million, marking a notable shift in ownership. The company has successfully completed 3 investment deals with a total amount raised of EUR 106 million as of 2021. Hendrik Klindworth serves as the CEO.InnoGames specializes in developing free-to-play online games for both mobile and browser platforms, focusing on strategy and role-playing genres. Their core offerings include popular titles such as "Forge of Empires," "Elvenar," and "Grepolis," which allow players to build and manage their civilizations. Games are designed for immersive experiences accessible from anywhere, promoting seamless cross-platform play and appealing to millions globally, including North America, Europe, and Asia. Each title caters to engaging strategic gameplay and social interaction while providing entertainment without financial barriers, as all games are free to play.In 2021, InnoGames reported a revenue of EUR 236,294,840.40 and an EBITDA of EUR 78,401,278.80. Revenue is primarily generated through in-game purchases, allowing players to buy virtual currency and enhance gameplay, while ensuring that free players can enjoy games without restrictions.InnoGames plans to utilize the recent acquisition funding from Modern Times Group MTG AB to enhance the development of new products and expand into new markets. The company is designing upcoming titles to be launched in the next year, aiming to tap into emerging gaming markets in Asia by the end of 2023. The funding will support these initiatives while enhancing existing game offerings, ensuring continued engagement with their user base.

## Funding rounds

- Series B, May 18, 2010 — Eight Roads Ventures

## Investors

- Eight Roads Ventures (https://capitalatlas.ai/funds/eight-roads-ventures) — Series B