# Kongregate

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

- Industry: Software
- Headquarters: San Francisco, US
- Website: www.kongregate.com
- Total disclosed funding: $8.6M
- Latest round: Series B (May 6, 2008)
- Investors on record: 3

## About

Kongregate, Inc. is an innovative online gaming platform that hosts a wide variety of free-to-play games across multiple genres, connecting gamers worldwide while supporting independent developers.Founded in 2006 and headquartered in San Francisco, US, Kongregate, Inc. operates as a gaming platform offering free-to-play games. The company was acquired by GameStop, Inc. in July 2010. CEO Markus Lipp leads the company, which has successfully raised a total of USD 2.60 mn through multiple funding rounds, with the most recent being Series B from investors including Bezos Expeditions and Greylock Partners, achieving a current valuation of USD 41.895 mn.Kongregate is a comprehensive online gaming platform that offers a vast library of free-to-play games across various genres, including action, adventure, puzzle, and role-playing. The platform serves both casual and hardcore gamers by providing thousands of games, which are frequently updated with new titles to enhance the user experience. Kongregate particularly emphasizes the support of independent game developers, allowing them to showcase unique creations that may not be available on other gaming platforms. The company's services include personalized gaming recommendations, the ability to earn badges, and social features like account creation, which facilitate user engagement and community-building. Kongregate caters primarily to a global audience, with a strong presence in North America and Europe, targeting gamers who seek diverse and innovative gaming experiences.Kongregate generates revenue through a combination of advertising and in-game purchases. The platform employs a free-to-play model, allowing users to access games at no cost while monetizing through advertisements that are displayed during gameplay. Additionally, in-game purchases enable players to enhance their gaming experience by acquiring virtual goods or premium content. Kongregate's revenue structure incorporates direct transactions between the company and its users, where players can choose to purchase items or upgrades within specific games. This transactional framework is supported by partnerships with game developers, who may share revenue generated from in-game purchases, creating a collaborative ecosystem that benefits all parties involved. The diverse range of products and services enhances Kongregate's appeal, attracting a broad user base while facilitating various revenue streams.Kongregate is focused on expanding its portfolio by developing new games and enhancing existing offerings to keep users engaged. The company is exploring opportunities to enter new markets, specifically targeting regions in Asia and South America by the end of 2023. The recent funding from July 2010 will be strategically utilized to support these initiatives, as well as enhance marketing efforts and improve technological infrastructure to accommodate growth.

## Funding rounds

- Series B, May 6, 2008, $2.6M — Greylock Partners, Bezos Expeditions
- Series B, Aug 16, 2007, $5M — Greylock Partners, Uncork Capital
- Series A, Mar 22, 2007, $1M — Uncork Capital

## Investors

- Uncork Capital (https://capitalatlas.ai/funds/uncork-capital) — Series A, Series B
- Greylock Partners (https://capitalatlas.ai/funds/greylock-partners) — Series B
- Bezos Expeditions — Series B