# Lightneer

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

- Industry: Software
- Headquarters: Helsinki, Finland
- Website: www.lightneer.com
- Total disclosed funding: $9M
- Latest round: Seed (Aug 15, 2017)
- Investors on record: 5

## About

Lightneer Inc. is a mobile game development studio focused on creating hybrid casual games that provide stress relief and entertainment for players worldwide. Their engaging gameplay attracts millions of users.Founded in 2015 and headquartered in Helsinki, Finland, Lightneer Inc. is a mobile game studio that develops hybrid casual games. The company has undergone no significant business pivots and has no known subsidiaries. The firm was established by Niklas Hed, who has a notable history in the gaming industry. Lightneer has completed a total of 5 funding deals, with the most recent being a Seed round in August 2017, raising USD 5 mn, led by GSV Ventures with participation from Brighteye Ventures, IPR.VC, and Reach Capital. The total amount raised by the company amounts to USD 5 mn.Lightneer specializes in hybrid casual games aimed at relieving stress and providing entertainment. Their popular titles, such as "Good Slice," "Bazooka Boy," and "Hammer Jump," have amassed over 125 million players. Characterized by their fun and easy-to-play mechanics, these games cater to a broad audience. Lightneer's proprietary framework allows for rapid game development and market delivery, targeting casual gamers primarily in Europe, North America, and select parts of Asia.For the most recent year, 2023, Lightneer reported a revenue of USD 68,975.30 and an EBITDA of USD -1,875,243.60.Lightneer plans to leverage its recent Seed funding of USD 5 mn raised in August 2017 to enhance its product offerings and expand into new markets. The company is developing several new games, with specific release dates to be announced. Additionally, Lightneer aims to enter emerging markets in Asia and South America by the end of 2024, reflecting their commitment to reaching a wider audience.

## Funding rounds

- Seed, Aug 15, 2017, $5M — Reach Capital, IPR.VC, GSV Ventures, Brighteye Ventures
- Seed, Sep 14, 2016, $3.1M — IPR.VC, GSV Ventures
- Seed, Apr 18, 2016, $0.8M — Founders Factory, IPR.VC, GSV Ventures

## Investors

- Founders Factory (https://capitalatlas.ai/funds/founders-factory) — Seed
- IPR.VC (https://capitalatlas.ai/funds/ipr-vc) — Seed
- GSV Ventures (https://capitalatlas.ai/funds/gsv-ventures) — Seed
- Reach Capital — Seed
- Brighteye Ventures (https://capitalatlas.ai/funds/brighteye-ventures) — Seed