# Rovio

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

- Industry: Software
- Headquarters: Espoo, Finland
- Website: www.rovio.com
- Total disclosed funding: $42M
- Latest round: Series A (Mar 10, 2011)
- Investors on record: 3

## About

Based in Finland, Rovio specializes in creating and publishing mobile video games, with a strong focus on its well-known Angry Birds franchise.Founded in 2003 in Espoo, Finland, Rovio Entertainment Ltd. is recognized for its innovative mobile gaming solutions. The company has raised a total of EUR 704.656 mn through several funding rounds, with the most recent being the LP Direct round on August 9, 2023, led by Sega Sammy Holdings. JP Räsänen, one of the founders, has been instrumental in shaping the company's direction under the leadership of CEO Alexandre Pelletier-Normand.Rovio Entertainment Ltd. specializes in the development and publishing of mobile video games, particularly known for the Angry Birds franchise. Their game offerings include Angry Birds 2, Angry Birds Dream Blast, Angry Birds Bounce, and Angry Birds Friends, each featuring unique gameplay experiences aimed at a global audience, with a significant presence in markets like North America, Europe, and Asia.In 2022, Rovio reported a revenue of EUR 334,816,146.6, and an EBITDA of EUR 45,579,963.6, primarily generated through mobile game monetization strategies such as in-app purchases and subscriptions on platforms like Apple Arcade.Looking ahead, Rovio plans to leverage its recent funding from Sega Sammy Holdings to enhance its game development capabilities and expand into new markets. The company aims to introduce new products within the next year, targeting regions such as Asia and South America for market expansion. This strategic move is expected to strengthen Rovio's global footprint while delivering innovative gaming experiences to a diverse audience.

## Funding rounds

- Series A, Mar 10, 2011, $42M — Accel, Atomico, Felicis Ventures

## Investors

- Accel (https://capitalatlas.ai/funds/accel) — Series A
- Atomico (https://capitalatlas.ai/funds/atomico) — Series A
- Felicis Ventures (https://capitalatlas.ai/funds/felicis-ventures) — Series A