Flow Partners advises Legendary Play
$4 million fundraise co-led by BITKRAFT Ventures and Modern Times Group
Berlin, Germany — 08 Apr 2022
Flow Partners acted as a financial advisor to Berlin-based mobile gaming studio Legendary Play, on their $4 million fundraise co-led by BITKRAFT Ventures and Modern Times Group (MTG), with participation from 1Up Ventures and Level-Up.
Founded in 2017 and headquartered in Berlin, Legendary Play (formerly META Games) is a multi-game mobile studio creating titles for esports fans. The company has launched the successful esports manager game RIVALS, and will deploy the new capital to release further titles, keeping at the forefront of the intersection between esports and mobile gaming.
Roman Frank, Legendary Play's CEO, said in a statement: “By 2026, there will be 970 million esports fans worldwide, and 70% of those fans play mobile games. We are creating mobile titles that provide a way for engaged fans to live their passion in a more casual setting. While we have started with manager games, our long-term vision is to roll out a diverse portfolio of esport-themed games including casual games, role-playing games, and story adventure games.”
Jens Hilgers, BITKRAFT's Founding General Partner, added: “By developing mobile games that address the entire audience of esports fans worldwide, Legendary Play is tapping into a passionate yet underserved market. The team has laid a strong foundation with the success of RIVALS and I’m excited to see them bring their additional games in the pipeline to life as they continue to cater to the needs of esports fans.”
Arnd Benninghoff, MTG’s EVP of Esports and Games, commented: “MTG is excited to support Legendary Play on their continued growth journey. Their strategy and founding team are well aligned with our highly selective and targeted investment strategy and we’re proud to be the co-leaders of this investment round. Legendary Play is targeting a well defined and passionate slice of the gaming community and we look forward to following their progress closely going forward.”
The transaction further establishes Flow Partners’ position as a leading advisor to gaming, esports and digital media disruptors, and highlights our footprint in European venture deals.
About Flow Partners
Flow Partners is a new-age technology advisory boutique, providing transaction advice to the companies and investors that shape the global digital ecosystem. Founded in 2020, the firm operates worldwide and has presence in London, Berlin, Warsaw and Miami. For more information, please visit www.flowpartners.io.
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