# Surrogate

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

- Industry: Software
- Headquarters: Espoo, Finland
- Website: www.surrogategames.com
- Total disclosed funding: $6.1M
- Latest round: Seed (Dec 18, 2020)
- Investors on record: 5

## About

Surrogate Oy is a Finnish company focused on developing innovative gaming solutions, providing a platform for seamless interaction and engagement in the gaming industry.Founded in 2018 in Espoo, Finland, Surrogate Oy specializes in creating gaming experiences. The company has raised a total of USD 2.5 mn through 4 deals, with the most recent funding round being a Grant of USD 0.88 mn from Business Finland on December 18, 2020. The founders, Alsayed Mosad and Kritika K., have established the company without any known affiliations to parent firms or subsidiaries.Surrogate Oy's portfolio includes advanced gaming solutions designed to enhance user engagement and provide exceptional gameplay experiences. Their offerings cater to a broad audience, ranging from casual gamers to serious enthusiasts, with a focus on innovative design and technology integration to improve the overall gaming experience.In 2022, Surrogate Oy generated revenue of USD 102.4 mn, although the company reported an EBITDA of USD -202,000.4 for the same year, indicating ongoing investment in growth and development.Surrogate Oy aims to expand its product offerings with new gaming solutions set to launch in the next year. The company is targeting expansion into key markets in Europe and North America by mid-2024. The recent funding of USD 0.88 mn will be directed towards product development and market entry strategies to support this growth initiative.

## Funding rounds

- Seed, Dec 18, 2020, $2.5M — PROfounders Capital, Brighteye Ventures, Business Finland, Supernode Global
- Seed, Apr 16, 2020, $1.6M — PROfounders Capital, Brighteye Ventures, Business Finland, Supernode Global
- Seed, Jul 14, 2019, $2M — PROfounders Capital, Initial Capital, Brighteye Ventures, Business Finland

## Investors

- PROfounders Capital (https://capitalatlas.ai/funds/profounders-capital) — Seed
- Initial Capital — Seed
- Brighteye Ventures (https://capitalatlas.ai/funds/brighteye-ventures) — Seed
- Business Finland — Seed
- Supernode Global (https://capitalatlas.ai/funds/supernode-global) — Seed