02 Nov Spil Games announces investment from North Bridge Growth Equity
Excerpt of press release by Spil Games
Hilversum, the Netherlands — Spil Games (www.spilgames.com), the global leader in online gaming with 140 million monthly unique visitors, announced today that North Bridge Growth Equity (www.northbridge.com), a U.S.-based growth equity firm that invests in technology-driven companies demonstrating dynamic growth, has made a minority investment in the company. The capital will be used to accelerate Spil Games’ key growth initiatives:
- Expanding its global user base through investing in best-in-class content (social, multi-player and single-player games) and further enhancing the user-experience
- Creating a premium, cross-platform gaming experience for its players to play their favorite games anytime, anywhere
- Enhancing the advertising value proposition through enabling advertisers to connect and engage with its audiences through a deep integration into the social layer of its gaming platforms
“North Bridge is a great partner for us. They understand our company and the growth opportunities within our industry. Their straight-forward, ambitious, pragmatic approach is a perfect match with our company culture,” said Peter Driessen, CEO and Co-Founder of Spil Games. “Together we are committed to scaling up our business and expanding our team with the best people in the industry.”
“Spil Games is an ideal partner for our investment model,” commented North Bridge Managing General Partner, Mike Pehl. “North Bridge is delighted to partner with such a strong management team and company. Spil Games has rapidly scaled a successful business model with leading market positions in a variety of geographies, including established and emerging markets. ”
Venture capital firm Van den Ende&Deitmers continues to support the company as a minority shareholder. Hubert Deitmers, Managing Partner of Van den Ende&Deitmers comments, “We are proud to see that Spil Games has developed into a global market leader and we are excited to be part of the next growth phase together with the great teams at Spil Games and North Bridge.”
Atlas Advisors and Waller Capital Partners served as the financial advisors to Spil Games for the transaction.
Atlas Advisors is the marketing name for Atlas Advisors, LLC and Atlas Strategic Advisors, LLC. Atlas Strategic Advisors, LLC provides financial advisory services in connection with mergers, acquisitions and other similar transactions. Atlas Strategic Advisors, LLC is a wholly owned subsidiary of Atlas Advisors, LLC and a member of the FINRA.
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