9/11/2023 0 Comments Wolt iconiq growthheartechcrunchMinwoo and Antti bring a wealth of experience to the Group, which will help us grow Aristocrat’s presence in Finland and further expand our game development capabilities.Aristocrat has acquired Playsoft, the Gdańsk (Poland) based mobile gaming studio specialising in the social casino genre.Playsoft has a 13+ year track record of developing more than 50 successful game titles for third party partners. Playsoft will operate within the Product Madness business, and continue to be led by its impressive founders Nicolas Bensignor and Pierre Olivier Monteil. The studio will help accelerate Product Madness’s pipeline and deliver innovation, while establishing a strong footprint for the company in another strategic European location.Īristocrat Digital’s CEO, Michael Lang, said “These deals are consistent with Aristocrat’s successful strategy of bringing more world-class game development talent and capability into the organisation to expand our game pipeline and sustain our strong growth momentum in “We are thrilled to welcome Futureplay, Northern Stars and Playsoft to the Aristocrat Digital family, given their impressive track records in game development, creativity and innovation. Coupled with Aristocrat Digital’s ambitious strategy, global scale, marketing and investmentĬapabilities, we look forward to helping our new colleagues reach new heights as part of Aristocrat.” “We will continue to be active in pursuing global talent and studio deals that accelerate our growth strategy, alongside our sustained proven focus in driving organic growth and abovemarket results” Mr Lang concluded. This month alone, Berlin-based food delivery powerhouse Delivery Hero raised about €1.2 billion by issuing new shares, whilst Deliveroo secured $180 million in growth funding and Turkish on-demand delivery kingpin Getir raised $128 million to scale up internationally, as the latter's Spanish-born counterpart Glovo just inked a €100 million deal with Stoneweg to continue its expansion.The post ARISTOCRAT CONTINUES TO INVEST IN EXPANDING DIGITAL GAME PIPELINE AND PORTFOLIO DIVERSIFICATION FOR GROWTH appeared first on Eastern European Gaming – News – Interviews – Legal Market Updates – Premium Reports – Events – Directory. Interesting times indeed in the world of getting stuff to people (preferably fast). We are proud and lucky to be able to work with such an amazing team and company, to be part of Wolt's story since leading the Series A in 2016, and to help them achieve their ambition to transform city life globally through customer-first delivery." Today’s announcement catapults Wolt into the league of true global breakouts stars and one of the biggest startups to have ever been born in Europe. "There's no doubt the pandemic has ignited a sense of urgency for logistics platforms, with the past year transforming the home delivery marketplace across the world. Lars Jörnow, a partner at Wolt investor EQT Ventures, commented on the news: The 7-year old company currently operates in 23 countries and 129 cities, and partners with over 30,000 restaurants today. "We raised this round of financing to further strengthen our balance sheet, allowing us to think long-term and double down on building even stronger positions across our markets while continuing to expand our offering beyond the restaurant," said Miki Kuusi, co-founder and CEO of Wolt. Prior backers 83North, Highland Europe, Goldman Sachs Growth Equity, EQT Ventures and Vintage Investment Partners participated.įun fact: Wolt also recently announced a comparatively small (€7.5 million) investment from Delivery Hero co-founder Lukasz Gadowski. The round, which takes its total raised to a hefty $856 million, was led by ICONIQ Growth with Tiger Global, DST, KKR, Prosus, EQT Growth and Coatue joining as new investors. So now that the embargoed-until-tomorrow news is out there, yes, Finnish food delivery juggernaut Wolt has raised $530 million in fresh funding to boost its growth.
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