# Next Games Oyj

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

- Industry: Software
- Headquarters: Helsinki, Finland
- Website: www.nextgames.com
- Total disclosed funding: $6M
- Latest round: Series A (Mar 11, 2014)
- Investors on record: 3

## About

Next Games Oyj is a game development studio that creates interactive gaming experiences based on popular Netflix franchises, engaging a global audience through innovative storytelling and gameplay.Founded in 2013 by Jaakko Jumisko, Next Games Oyj is headquartered in Helsinki, Finland. The company specializes in developing mobile games inspired by Netflix's popular shows and movies. In March 2017, Next Games raised EUR 30.07 million through an IPO, selling shares on the Nasdaq First North Finland under the ticker symbol NXTGMS. They have completed a total of 4 deals.Next Games, a Netflix Game Studio, specializes in developing innovative gaming experiences that are deeply inspired by popular Netflix shows and movies. The company focuses on creating engaging, world-class games that cater to a global audience, facilitating community building among players. Their product offerings are designed to provide immersive entertainment solutions that resonate with fans of the original content, aiming to enhance user engagement through interactive storytelling and gameplay. The primary target audience includes Netflix subscribers and gaming enthusiasts across various geographical markets, including North America, Europe, and Asia. By aligning their game development with the narratives and themes of Netflix's vast catalog, Next Games aims to deliver unique gaming experiences that appeal to a diverse consumer base.In the most recent fiscal year 2023, Next Games generated revenue of EUR 39,322,662.70, with an EBITDA of EUR 3,162,180.80. The company generates revenue primarily through the sale of its gaming applications, which are integrated into the Netflix subscription model, allowing users to access games as part of their Netflix membership. This direct-to-consumer approach eliminates traditional retail channels, creating a seamless transaction experience where subscribers can download and play games without additional costs. The company's revenue structure is bolstered by partnerships with Netflix, enabling cross-promotional opportunities that enhance visibility and engagement for both the games and the streaming service. Although specific pricing plans for individual games are not disclosed, the integration within the Netflix subscription model offers a value-added service that encourages retention and user loyalty among existing subscribers while attracting new users seeking diverse entertainment options.Next Games Oyj is focused on expanding its gaming portfolio by developing new products based on upcoming Netflix content, with plans to launch several new titles aligned with major Netflix releases over the next year. The company is also targeting expansion into new markets, specifically in Asia and South America, by the end of 2024. The funds raised in the IPO will be utilized to support these initiatives, enhancing development capabilities and market reach.

## Funding rounds

- Series A, Mar 11, 2014, $6M — Ridge Ventures, Lowercase Capital, York Ventures

## Investors

- Ridge Ventures (https://capitalatlas.ai/funds/ridge-ventures) — Series A
- Lowercase Capital (https://capitalatlas.ai/funds/lowercase-capital) — Series A
- York Ventures — Series A