Tracxn - Gaming Enablers Startup Landscape

Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.Feed Report – Gaming Enablers - Nov 2018
Contents
Feed Summary
Investment Trends
Market Details
Exit Outlook
Investors
News
Appendix
2
TAKE SHARPER DECISIONS
WITH TRACXN
 Analyst team Covering 250+ Sectors
 Proprietary Business Model tagging
 6000+ On-demand Queries answered
 Sector Reports, Market Maps
 One-Click Connect with Founders
Join 500+ Investors & Corporates to get the
Tracxn Advantage

Contents
Feed Summary
Investment Trends
Market Details
Exit Outlook
Investors
News
Appendix
3
Feed Summary
Investment Trend Summary
Exit Outlook Summary
BlueBox
Summary of Key Markets
Notable Companies in the Sector
Recent News

Note: Mega Companies includes IPO’d companies, Mega Acquisitions and Unicorn. Data is taken from Tracxn Platform as on November 26, 2018.
Gaming Enablers Feed Summary
4
Gaming Enablers > Feed Summary
Tools which enable game developers to built, prototype, test and deploy and monetize games.
• Inclusions: Companies providing technology
solutions for game development (ex: Game
Engine,BaaS) & game monetization (in-game ads & in-
game purchasing), companies providing analytics tools
to monitor various game performance metrics, market
research companies focusing on games and who have a
tech product & companies providing marketing
technology solutions.
• Exclusions: Companies whose primary focus is not
gaming
• Excludes funding information of Chinese companies Feed in Numbers
Overview
$2.3B
Funding
5
Mega
Companies
192456
FundedCovered on
Tracxn
2
Unicorns
3
Soonicorns
3
Minicorns
1
IPO’d Cos
66
Late Stage Cos
10
59
Acquisitions
108
DeadPooled
2
Acquihired
Series A+ Cos
Swrve
(2011, San Francisco, $76.1M)
Improbable
(2012, London, $763M)
Unity
(2004, San Francisco, $598M)
Top Companies

Investment Trend Summary
Summary of Funding Activity in Gaming Enablers
5
$658M - Series C
Improbable (2012, London, $763M)
$20M - Series A
GameMine (2017, Cluj-napoca, $20M)
$400M - Series D
Unity (2004, San Francisco, $598M)
$6.3M - Series A
Critical Force (2012, Kajaani, $10.8M)
$50M - Series B
$2.6M - Series A
Speech Graphics (2010, Edinburgh, $2.6M)
$25.9M - Series B
Cubic Motion (2009, Manchester, $25.9M)
$1.9M - Seed
$25M - Series D
Swrve (2011, San Francisco, $76.1M)
Series D
Top Geos of InvestmentEntrepreneurial Activity Global Funding Trend
*YTD *YTD
Gaming Enablers > Feed Summary > Investment Trend Summary
Seed
Right Side Capital Management (#2), Nissay Capital (#1), London
Venture Partners (#1)
Series A/B Andreessen Horowitz (#2), Benchmark Capital (#1), IDG Capital
(#1)
Series C+ DFJ (#1), Thrive Capital (#1), Columbia Capital (#1)
Incubators Techstars (#7), 500 Startups (#3), Y Combinator (#3)
Other Notable
Investors
Kima Ventures (#2), NetEase (#1), 50k Ventures (#1)
Debt Investors
Western Technology Investment (#4), Hercules Capital (#1),
Rivers Capital Partners (#1)
Most Active InvestorsRecent Investments
54
46
34
17
13
5
2013 2014 2015 2016 2017 2018*
Y-o-Y # of Companies Founded 25 31 25 11 22 5
$1.3B
$940M
$26.8M
$5.5M
$5.2M
US
Europe
Israel
SEA
Canada
$ Funding
$69M
$48M $101M $148M $204M
$1.2B
$144M
5
2013 2014 2015 2016 2017 2018*
$ Funding $ Funding Predicted
# Rounds # Rounds Predicted

Summary of exit outlook in Gaming Enablers
Exit Outlook Summary
66
Most Active AcquirersTop Investors in Exits
NetEase 1 Improbable (2012, London, $763M)
Andreessen
Horowitz
1 Improbable (2012, London, $763M)
Amadeus Capital 1 Improbable (2012, London, $763M)
DeNA 1 Aurora Feint (2008, Burlingame, $11M)
Easton Capital 1 PlaySpan (2006, Santa Clara, $46.3M)
Feb 2012 Unity Acq by Rambus for $35M
Sep 2011 Sometrics Acq by American Express for $30M
Apr 2011 Aurora Feint Acq by GREE for $104M
Feb 2011 Scaleform Acq by Autodesk for $36M
Feb 2011 PlaySpan Acq by Visa for $190M
Aug 2010 Social Gold Acq by Google for $55M
Jan 2010 Mochi Media Acq by Shanda Group for $80M
Gaming Enablers > Feed Summary > Exit Outlook Summary
Autodesk 5
Scaleform (Feb 2011, $36M), Kynogon (Feb 2008), Illuminate
Labs (Jul 2010)
Microsoft 3 PlayFab (Jan 2018), Simplygon (Jan 2017), Havok (Oct 2015)
RockYou 2 Playhaven (May 2015), PlayHaven (May 2015)
Unity 2
Multiplay (Nov 2017, $25.3M), Unity Technologies Finland
(Mar 2014)
Mobvista 2 NativeX (Feb 2016, $24.5M), GameAnalytics (Jul 2016)
Recent IPOs Top Acquisitions
Gaiax Jul 2005
Platform to connect and engage with onlin…
IPO MCap: -

FACTSHEET
Overview
Companies 456
Funded 192 Series A+ 66
Funding $2.3B Last 2 yrs $1.2B
Most Active Investors
Seed Right Side Capital Management (2)
Series A/B Andreessen Horowitz (2)
Series C+ DFJ (1)
Others Kima Ventures (2)
Incubators Techstars (7)
Top Cities
Bay Area 71 Cos $1.1B
London 23 Cos $791M
Feed in Numbers
Unicorns 2 Soonicorns 3
Minicorns 3 Editor Picks 29
Acquihired 2 Deadpooled 108
Top Companies
Exits
IPOs 1 Gaiax
Acquisitions 59 PlaySpan, Aurora Feint
Top Acquirers Autodesk, Microsoft
Marketmap: Gaming Enablers
GAME MONETIZATION
IN GAME ADS
IN GAME PURCHASE
MARKETING & ANALYTICS
MARKETING
ANALYTICS
GAME DEVELOPMENT
GAME ENGINE
VIRTUAL ECONOMY
ARTIFICIAL INTELLIGENCE*
GRAPHICS & ANIMATION
AUDIO EFFECTS
BACKEND AS A SERVICE
For any Feedback and Query reach out to MyAnalyst@tracxn.com
* Upcoming Business Model
Funding data excludes Debt, Grants & Post-IPO rounds. Excludes all details for Chinese companies
Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.7 Feed Report – Gaming Enablers - Nov 2018
Gaming Enablers > Feed Summary > BlueBox

Key Sub Sectors in Gaming Enablers Sector
Summary of Key Markets
8
Top Markets of Investment Activity
# Cos on
Platform
Last 2 Years
$ Invested # Round
Development >
Game Engine 79 $1.1B 5
Development > Feature Tools >
Graphics 40 $30.5M 4
Sub Sectors
# Cos
Tracked
#
Funded
Total
Funding
Development
Companies providing proprietary technology solutions
for game development such as simplifying...
306 125 $1.8B
Monetization
Companies which enable monetization of games
through in-game ads & purchases
74 35 $448M
Marketing
Companies which provide marketing technology
solutions for game developers/publishers
25 12 $62.6M
Analytics
Companies which provide analytics tools to game
developers/publishers, helping them to...
37 17 $35.9M
Market Research
Companies which provide video game related market
data to game developers/publishers
7 2 -
Translation Services
The companies which provide translation services to
developers and publishers for venturing...
6 0 -
Game testing
The companies which offer game testing services.
1 1 -
Gaming Enablers > Feed Summary > Summary of Key Markets

List of Notable Companies in Gaming Enablers
Notable Companies in the Sector
9
Note: *(Founded Year, Location, Total Funding)
Gaming Enablers > Feed Summary > Notable Companies in the Sector
Public
Gaiax
(1999, Tokyo)*
Acquired
PlaySpan
(2006, Santa Clara, $46.3M)
Unicorns
Improbable
(2012, London, $763M)
Unity
Deadpooled
Aurora Feint (2008,
Burlingame, $11M)

List of Notable Companies by Market in Gaming Enablers
Notable Companies by Market (1/2)
11
Gaming Enablers > Feed Summary > Notable Companies by Market
Development
Game Engine
Distributed simulation software for video games
and corporate sectors
Unicorn. Stage: Series C
NetEase, SoftBank Group, Horizons Ventures and
13 Other Investors
Software to develop games or apps for multiple
platforms
Unicorn. Stage: Acquired
Silver Lake, China Investment Corporation, Frees
Fund and 10 Other Investors
Feature Tools
PlaySpan (2006, Santa Clara, $46.3M)
Payment solution provider for the game publishers
and developers
Stage: Acquired
Vodafone, Menlo Ventures, STIC International and 7
Other Investors
Facial animation in video games
Soonicorn. Stage: Series B
Northedge Capital
BaaS
Aurora Feint (2008, Burlingame, $11M)
BaaS solution provider
Stage: Deadpooled
the9gamezone, Intel Capital, DeNA

List of Notable Companies by Market in Gaming Enablers
Notable Companies by Market (2/2)
12
Gaming Enablers > Feed Summary > Notable Companies by Market
Monetization
In-game Ads
RockYou (2005, San Francisco, $165M)
Cross-platform video ad network for games
Soonicorn. Stage: Series D
Columbia Capital, FastPay, SoftBank Group and 14
Other Investors
In-app marketing automation platform for mobile
apps
NETGEAR, Summit Bridge Capital, Evolution Capital
Partners and 13 Other Investors
Marketing
Marketing
Gaiax (1999, Tokyo)
Platform to connect and engage with online
communities
Stage: Public
SunBridge Global Ventures, NTT Finance,
Sunbridge Partners

List of Notable Companies in Gaming Enablers in China
Notable Companies in the Sector in China
13
Gaming Enablers > Feed Summary > Notable Companies in the Sector in China
Public
Xun Yu
(2005, Chengdu, $16.1M)
China Binary Sale
Technology
(2004, Wan Chai)

Recent News in Gaming Enablers Sector
Recent News
14
Nov 2018
Allegorithmic Updates Substance Painter Performance, Animation
Magazine
Nov 2018
Aptoide Announces Distribution Partnership With Unity
Technologies, PR Newswire
Nov 2018 DayZ reaches 4 million units sold, GamesIndustry
Nov 2018
Unity Icon Collective gives indie devs access to triple-A game art,
VentureBeat
Nov 2018 Microsoft previews PlayFab multiplayer game services, VentureBeat
Nov 2018 Microsoft’s open source AirSim platform comes to Unity, VentureBeat
Nov 2018
Unity Technologies to Bring Real-Time 3D to Autodesk to Save
Customers Time and Money in AEC, Automotive, and Media and
Entertainment Industries, Business Wire
Nov 2018
ThinkEDU Chosen as Unity Technologies’ Learning Services
Distribution Partner for North America, PRWeb
Nov 2018
InComm Partners with Xsolla to Enable Online Game Account
Funding with Cash at GameStop, PR Newswire
Nov 2018
Critical Ops surpasses 50 million downloads as v1.0 enters beta,
Esports Insider
Nov 2018
Improbable's new SpatialOS dev kit will help UE devs 'seamlessly
grow any game in scale and complexity', mcvuk.com
Oct 2018 Swrve Expands Technical Capabilities with Shaw + Scott, PRWeb
Oct 2018
Xsolla And DMarket Partner To Transform In-Game Commerce, PR
Newswire
Key Recent News Key Recent News
Oct 2018 GameSalad Wins Brownsville School District, TexasTechPulse
Oct 2018
Universal Games and Unity Technologies Announce Winner of
Universal GameDev Challenge, AIThority
Oct 2018
YoYo Games' plan to inspire a whole new generation of game devs,
mcvuk.com
Oct 2018
Unity Ads SDK 3.0 features personalised placements, AR and banner
ads, Pocket Gamer
Oct 2018
Xsolla Adds MobileGO (MGO) As New Payment Method For
Developers And Gamers Globally, PR Newswire
Oct 2018
Improbable brings its massive multiplayer platform to Unity game
engine, TechCrunch
Oct 2018 Speech Graphics secures £2m investment boost, Insider
Oct 2018
The Warcraft Method: Why Google’s DeepMind Is Training AI In
Virtual Worlds, Forbes
Oct 2018 Improbable unveils move to new London HQ, City A.M.
Oct 2018
U.S. i-gaming firm to distribute Highlight Games, Reviewed-
Casinos.com
Oct 2018
Bigben spending spree continues with Kylotonn acquisition,
GamesIndustry
Sep 2018
Dublin startup slashes cost of voice generation technology, The
Business Times
Sep 2018
Swrve Appoints Tom Aitchison as Chief Executive Officer,
GlobeNewswire
Gaming Enablers > Feed Summary > Recent News

Contents
Feed Summary
Investment Trends
Market Details
Exit Outlook
Investors
News
Appendix
15
Funding Trends
Median Deal Size and Trend
New Entrants in Funding Club
Distribution of companies by Funding Range
Funding Funnel of the Sector
Top Investments and Investors
Investors in Unicorn club

Some more Sector Reports you might want to check out
Join 4000+ people taking sharper decisions with Tracxn
Docker Ecosystem
Oct 2018
Telecom Operators
Oct 2018
Flying Cars
Oct 2018

Investments ($M) and number of rounds in Gaming Enablers; 2011-2018
Global Funding Trends (1/2)
17
Note: Funding excludes Grant, Debt and Post IPO rounds. Excludes all details for Chinese companies
Gaming Enablers > Investment Trends > Global Funding Trends
#Rounds
$Funding
3 Year CAGR
6 Year CAGR 11% # of Rounds78% $ Funding
1% # of Rounds
125% $ Funding
$69M
$36M $69M $48M
$101M
$148M
$204M
$1.2B
$144M
0
5
10
15
20
25
30
35
$0k
$200M
$400M
$600M
$800M
$1.B
$1.2B
$1.4B
2011 2012 2013 2014 2015 2016 2017 2018*
$ Funding Predicted $ Funding # Rounds Predicted # Rounds

18 16 17 15 13 3 13
5
6
8
14
10 7
6
4
3 2 2 1 3 1
2011 2012 2013 2014 2015 2016 2017 2018 YTD
Seed Early Stage Late Stage
23
5
Total # of Rounds
$9M
$7M
$11M
$10M $4M $5M $10M
$27M
$39M
$37M
$66M
$91M
$18M $65M
$69M
$23M $25M $53M $181M $1.1B
2011 2012 2013 2014 2015 2016 2017 2018 YTD
Seed Early Stage Late Stage
$36M $69M
Total $ Invested
18
Note: Mega Rounds = rounds with size > $20M. Funding excludes Grant, Debt and Post IPO rounds. Excludes all details for Chinese companies
Stage-wise Number of RoundsStage-wise $ Invested
New Entrants in Funded Club
Global Funding Trends (2/2)
Investments ($M) and number of rounds in Gaming Enablers; 2011-2018
Gaming Enablers > Investment Trends > Global Funding Trends
28
17
15
12
5
14
1
92
$0.4M
$2.2M
$0.0M
$0.5M
$1.0M
$1.5M
$2.0M
$2.5M
$3.0M
$3.5M
$4.0M
$4.5M
$5.0M
0
10
20
30
40
50
60
70
80
90
100
2012 2013 2014 2015 2016 2017 2018 YTD Total
Entrants in Funding Club Avg. Ticket Size
$0.4M $0.8M $2M $3.5M $2M $4.3M $2.6M $2.2M
$50M
$0K $0K $0K $22M
$106M
$181M
$1.1B
$105M
1
0
1
2
3
4
5
6
0
200000000
400000000
600000000
800000000
1E+09
1.2E+09
2011 2012 2013 2014 2015 2016 2017 2018 YTD
$ Funding Predicted $ Funding # of Rounds Predicted # Rounds
Mega Rounds
- - - 1 4 1 5 1

Gaming Enablers > Investment Trends > Funding Trends by Geography
Investments ($M) and number of rounds in Gaming Enablers
Funding Trends by Geography
Funding Trends by Geography Top Cities of Funding
City $ Funding # Rounds
Bay Area 1.1B 82
London 791M 27
New York City 60.5M 10
Los Angeles 44.2M 7
Calabasas 36.4M 3
Manchester 25.9M 1
Tel Aviv 25.8M 6
Nanterre 25.6M 3
Natick 22.6M 4
Cluj-napoca 20M 1
Total Funding
146
68
8
2
8
2
6
2
# Rounds
$1.3B
$940M
$26.8M
$5.5M
$5.2M
$4.1M
$1.9M
$1.3M
US
Europe
Israel
SEA
Canada
South Korea
India
Japan
Note: Excludes funding information of China companies

Trend of Average Deal Size ($M)
$0.9
$0.6 $0.8 $0.9
$0.4
$2.6
$1.1
2011 2012 2013 2014 2015 2016 2017
$3.8
$7.0
$3.2 $3.4
$9.1
$2.9
$9.7
$12.0
$4.0
$7.9
$12.5
$0.0
$3.1
$25.9
$0.0 $7.6 $0.0 $12.5 $26.5
$181.0
$361.2
Gaming Enablers > Investment Trends > Median Deal Size and Trend
Median and Average Deal Size in $M (per Stage) in Gaming Enablers; 2011-2017
Median Deal Size and Trend
Note: Excludes funding information of Chinese companies. *Graph not to scale
Median Deal Size and Range
$5K* $4.5M
$50K $31M
$1.3M $50M
$3.3M $658M
$23M
$10M
$3.6M
$326K
Series C+
Series B
Series A
Seed
Stage

Note: 92 companies with undisclosed funding amount are not included
21
<$1M
$1-10M
$10-50M
$50-100M
$100M+
Funding Range
36
48
22
2
3
No. of Companies
Gaming Enablers > Investment Trends > Distribution of companies by Funding Range
No. of companies by funding range in Gaming Enablers; as of Nov 2018
Distribution of companies by Funding Range
$9M
$202M
$462M
$128M
$1.5B
$ Investment

Stage No. of Companies
Funding
Funnel
100%
42%
14%
5%
2%
22
Note: Numbers in the brackets show the count of companies
Time to raise
next round
10
24
66
192
456
Series C+
Series B
Series A
Funded
Founded
Next
Round
100M+
Valuation
Exits
Acqui-
Hired
Dead
Pooled
Others
42% 2%
(7)
1%
(5)
0%
(2)
21%
(94)
37%
(168)
34% 4%
(7)
3%
(5)
1%
(1)
23%
(45)
42%
(80)
36% 9%
(6)
5%
(3)
- 11%
(7)
53%
(35)
42% 25%
(6)
8%
(2)
- 8%
(2)
50%
(12)
- 50%
(5)
10%
(1)
- 10%
(1)
40%
(4)
Gaming Enablers > Investment Trends > Funding Funnel
Number of companies progressing to subsequent funding stages in Gaming Enablers
Funding Funnel
18 Months
22 Months
19 Months
Investment backedBootstrapped
3
2
38
1
Soonicorns
Unicorns
Acquisitions
IPOs

Note: Seed Stage (Seed, Angel), Early Stage (Series A, Series B), Late Stage (Series C+, PE)
Gaming Enablers > Investment Trends > Notable Investments in last 24 months
Major funding rounds by Stage in Gaming Enablers; Nov 2016-Nov 2018
Notable Investments in last 24 months
LATE STAGE
$658M - Series C May 2017
Distributed simulation software for video games and
corporate sectors
SoftBank Group, Horizons Ventures, Andreessen
Horowitz
$400M - Series D May 2017
platforms
Silver Lake
$25M - Series D Sep 2017
apps
Summit Bridge Capital
Series D Mar 2018
apps
NETGEAR
EARLY STAGE
$50M - Series B Jul 2018
Distributed simulation software for video games and
corporate sectors
NetEase
$25.9M - Series B Sep 2017
Northedge Capital
$20M - Series A May 2017
GameMine (2017, Cluj-napoca, $20M)
Subscription-based mobile game publisher and
distributor
Palisades Venture Capital
$6.3M - Series A Jun 2018
Mobile game development and platform
development company
Business Finland
EARLY STAGE
$2.6M - Series A Oct 2018
Speech-driven facial animation
Par Equity, Scottish Enterprise

Gaming Enablers > Investment Trends > Notable Investments in last 24 months in China
Major funding rounds by Stage in Gaming Enablers; Nov 2016-Nov 2018
Notable Investments in last 24 months in China
EARLY STAGE
$26.3M - Series A Aug 2018
SkyTek Technology (2016, Shanghai, $26.3M)
Platform for artificial general intelligence
applications
Gaorong Capital, CMB International, Wacai,
ZNStartups

Most Active Investors (VC, PE) by Stage in Gaming Enablers; Last 5 years (Nov 2013-Nov 2018)
Most Active VC & PE Investors
25
Gaming Enablers > Investment Trends > Most Active VC & PE Investors
SEED STAGE
Right Side Capital Management(2
Investments)
Superpowered, TheMonetizr
1
Nissay Capital
Fresvii
2
Astarc Ventures
Norah AI
3
SAIF Partners China
Cocos
4
CapDecisif Management
Playtem
5
Startup Capital Ventures
PlayFab
6
Founders' Co-op
Innervate
7
Inveready
Whally
8
Trilogy Equity Partners
Innervate
9
Alliance Venture
Megacool
10
EARLY STAGE
Andreessen Horowitz (2 Investments)
Improbable, MediaSpike
1
Benchmark Capital
PlayFab
2
IDG Capital
Midverse Studios
3
Par Equity
Speech Graphics
4
Lifeline Ventures
Umbra
5
Bloc Ventures
Marmalade
6
Amadeus Capital
Improbable
7
Horizons Ventures
Improbable
8
SAIF Partners China
Supersonic
9
Business Finland
Critical Force
10
LATE STAGE
DFJ
Unity
1
Thrive Capital
Unity
2
Columbia Capital
RockYou
3
Frees Fund
Unity
4
Evolution Capital Partners
Swrve
5
Swrve
6

Gaming Enablers > Investment Trends > Most Active Ecosystem Investors
Top Ecosystem Investors in Gaming Enablers; Last 5 years (Nov 2013-Nov 2018)
Most Active Ecosystem Investors
INCUBATOR/ACCELERATOR
Techstars(7 Investments)
Innervate, Didimo, Superpowered
1
500 Startups(3 Investments)
Game Closure, Goo Create, PlayCanvas
2
Y Combinator(3 Investments)
Think Gaming, Heroic Labs, hyperPad
3
Startupbootcamp(2 Investments)
Greendeck, Sekg
4
TLabs
GreedyGame
5
Eleven Ventures
Gameleon
6
NDRC
Artomatix
7
Axel Springer Plug and Play
Accelerator
HyperBees
8
PreSeed Ventures
Apex Game Tools
9
Innovacorp
Ubique Networks
10
OTHER NOTABLE INVESTORS
Kima Ventures(2 Investments)
Storybricks, Whally
1
SoftBank Group
Improbable
2
Enterprise Ireland
Artomatix
3
Scottish Enterprise
Speech Graphics
4
National Science Foundation
Impulsonic
5
Time Warner
PlaySpan
6
Smac Partners
RockYou
7
Tech Coast Angels
Ninja Metrics
8
European Union
Artomatix
9
TEDCO
Brinkbit
10
DEBT INVESTORS
Western Technology Investment(4
Investments)
RockYou, Swrve, Emergent Game Technologies
1
Hercules Capital
RockYou
2
TPG
Swrve
3
Rivers Capital Partners
Clockwork Chilli
4

Gaming Enablers > Investment Trends > Investors in Unicorn club
Investors in Unicorn Club

Gaming Enablers > Investment Trends > Unicorn Investors in the Sector
Unicorn Investors in the Sector

Contents
Feed Summary
Investment Trend
Market Details
Exit Outlook
Investors
News
Appendix
29
BlueBox
Key Sub Sectors
Detailed Sector Taxonomy
Market Deep Dive

Some more Sector Reports you might want to check out
Join 4000+ people taking sharper decisions with Tracxn
MMORPG
Sep 2018
PC & Console Gaming
Aug 2018
VR Gaming
Jul 2018

Marketmap: Gaming Enablers
Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.31 Feed Report – Gaming Enablers - Nov 2018
Gaming Enablers > Market Details > BlueBox

Key Sub Sectors
32
Key Sub Sectors in Gaming Enablers
Market Top Companies
# Cos
Tracked
#
Funded
Total
Funding
Development
Companies providing proprietary technology solutions for game development such as
simplifying server....
Unity (2004, San Francisco, Acquired)
306 125 $1.8B
Monetization
Companies which enable monetization of games through in-game ads & purchases
Playhaven (2009, San Francisco, Acquired)
74 35 $448M
Marketing
Companies which provide marketing technology solutions for game developers/publishers
Gaiax (1999, Tokyo, Public)
Nexway (2002, Nanterre, $23.4M)
25 12 $62.6M
Analytics
Companies which provide analytics tools to game developers/publishers, helping them to
understand cu....
GameAnalytics (2011, Copenhagen,
Acquired)
37 17 $35.9M
Market Research
Companies which provide video game related market data to game developers/publishers
Eedar (2006, Carlsbad, Acquired)
FanCensus (2004, Marlow)
7 2 -
The companies which provide translation services to developers and publishers for venturing
in newer geographies.
Synthesis (1995, Milan, Acquired)
Altagram (2013, Berlin)
6 0 -
Game testing
The companies which offer game testing services.
Playtestix (2012, Kyiv, 0)
1 1 -
Gaming Enablers > Market Details > Key Sub Sectors

Detailed Sector Taxonomy (1/2)
33
Gaming Enablers > Market Details > Detailed Sector Taxonomy

Detailed Sector Taxonomy (2/2)
34
Gaming Enablers > Market Details > Detailed Sector Taxonomy

Rank Market
Last 2 Years
$ Invested # Round Top Funded Company
1
(-)
Development > Game Engine
Software frameworks designed for the creation and development of video games
(Companies covered 79 | Funded 28 | Total Funding $1.4B)
$1.1B
(+$854M)
5
(-3)
Improbable
(2012, London, $763M)
2
(-)
Development > Feature Tools > Graphics
Tools for graphics related work such as animation effects, texturing, and rendering optimization
(Companies covered 40 | Funded 18 | Total Funding $77.7M)
$30.5M
(+$26.7M)
4
(+1)
Cubic Motion
(2009, Manchester, $25.9M)
35
Note: The numbers in the bracket represent the change in a 2 year period.
Top Markets by Funding in Gaming Enablers in last 2 years (November 2016 - October 2018)
Gaming Enablers > Market Details > Top Markets of Investment Activity

Incubators Y Combinator (#2), Jerusalem Venture Partners (#1)
Seed Merus Capital (#1), Real Ventures (#1)
Series A/B Western Technology Investment (#1), Sequoia Capital (#1)
Series C+ SoftBank Group (#1), Steven Walker Donkor (#1)
Kylotonn Oct - 2018
Acq by Bigben Interactive
Corona Labs Mar - 2017
Acq by Appodeal
Unity Technologies Finland
Mar - 2014
Acq by Unity
Unity Feb - 2012
Acq by Rambus for $35M
Emergent Game Technologies
Dec - 2010
Acq by Gamebryo
$50M - Series B
Seed
Cocos (1997, Menlo Park)
Series A
Kylotonn (2002, Paris)
$400M - Series D
$658M - Series C
$181M - Series C
$5M - Series A
Marmalade (1998, London, $7M)
Nov 2018
Nov 2018
Unity Icon Collective gives indie devs access to triple-A game
art, VentureBeat
Nov 2018
Unity Technologies to Bring Real-Time 3D to Autodesk to
Save Customers Time and Money in AEC, Automotive, and
Media and Entertainment Industries, Business Wire
Nov 2018
Oct 2018
Universal Games and Unity Technologies Announce Winner
of Universal GameDev Challenge, AIThority
Oct 2018
Unity Ads SDK 3.0 features personalised placements, AR and
banner ads, Pocket Gamer
Oct 2018
Improbable brings its massive multiplayer platform to Unity
game engine, TechCrunch
Oct 2018
The Warcraft Method: Why Google’s DeepMind Is Training
AI In Virtual Worlds, Forbes
Aug 2018
Unity Technologies and Hunch Ventures launches The
Circle's Gaming & VR ‘Centre of Excellence’ (CoE), Startup
Success Stories
Aug 2018
Unity Finalizes Move to WebAssembly with the Unity 2018.2
Release, ProgrammableWeb
Aug 2018
Clip: Behind the Scenes of Disney TV’s Unity-Powered ‘Big
Hero 6’ Shorts, Animation Magazine
News
6
3
12
28
79
M&A/IPO
Series C+
Series A+
Funded
Companies
Covered
Funding Funnel
Development > Game Engine: Market Factsheet
36
Exits
Recent InvestmentsSoftware frameworks designed for
the creation and development of
video games
Improbable
(2012, London, $763M)
Unity
Emergent Game Technologies
(2000, Calabasas, $37.2M)
Marmalade
(1998, London, $7M)
Unity Technologies Finland
(2008, Helsinki, $6M)
Top Companies
#1 Top Markets of Investment Activity
Gaming Enablers > Market Details > Market: Game Engine
Companies Created 79 | Funded 28 | Total Funding $1.4B
0
5
10
$0k
$500M
$1.B
$1.5B
2014 2015 2016 2017 2018
Predicted Funding YoY Funding
Rounds Predicted Rounds
YoY Funding and Rounds
Market: Game Engine

Development > Game Engine: Top Companies
Market: Game Engine
Analyst’s Pick
13 Other Investors
platforms
Emergent Game Technologies (2000,
Calabasas, $37.2M)
Game development tool provider
Editor's Pick. Stage: Acquired
Hopewell Ventures, Worldview Technology
Partners, Jerusalem Capital and 6 Other Investors
AI Factory (2003, Pinner)
AI engine and mobile game developer
Editor's Pick. Stage: Unfunded
Analyst’s Pick
Bohemia Interactive (1999, Prague)
Independent game development studio based in the
Czech Republic
Gamebryo (2003, Seocho)
Game development engine
Ironclad Games (2006, Vancouver)
Indie game development company based in Canada
Sparkypants (2011, Baltimore)
Independent game development service provider
Unreal Engine (1991, Cary)
Game engine developed by Epic Games

Note: Overall Rating is a combination of Funding and Team rating, along with Execution, Size and Growth metrics
38
Development > Game Engine: Leaderboard
Better than Market Average
Market: Game Engine
Overall
Rating
Company
Name
Year Location Stage
Funding
($M)
Funding
Rounds
Team
Rating
Execution Quality Size Metrics 6M Growth Metrics
App
Rating
App UI
Web
UI
Social
Followers
Mobile
Downloads
Mobile
Reviews
News
Mentions
Mobile
Reviews
Social
Followers
Δ % Δ %
5.0 Improbable 2012 London Series C $763M 5 5 - - - 7.7k - - 23 - - 1.1k 15%
4.7 Unity 2004
San
Francisco
Acquired $598M 5 4 4 - - - 2.5M 25.1k 105 5.9k 31% 28.5k
-
100%
4.1 Corona Labs 2008 Palo Alto Acquired $4.8M 4 4 4 - - 10k 661k 2.3k 5 329 17% -200 -2%
3.2 Kylotonn 2002 Paris Acquired - 1 - - - 3 536 - - 2 - - 148 38%
3.0 Marmalade 1998 London Series A $7M 2 - - - - 3.1k - - 1 - - -104 -3%
2.9
Bohemia
Interactive
1999 Prague Unfunded - - - 4 - 3 60k 3.1M 28.6k 1 - - 4.1k 7%
2.8
The Game
Creators
1999
Macclesfiel
d
Seed $25k 1 3 5 - - 3.9k 42k 257 - 10 4% -237 -6%
2.6
Emergent
Game
Technologies
2000 Calabasas Acquired $37.2M 4 3 - - - - - - - - - - -
2.6
Unreal
Engine
1991 Cary Unfunded - - - - - - 331k - - 4 - - 43.2k 15%
2.5
Unity
Technologies
Finland
2008 Helsinki Acquired $6M 2 - - - - 681 - - - - - -41 -6%
2.5 AI Factory 2003 Pinner Unfunded - - 4 4 - - - 169.8M 2909.4k - 65.2k 2% - -
2.3 Andiks 2012 London Unfunded - - - 5 - - - 333k 3.9k - 449 13% - -
2.3 Untame 2008 Chicago Unfunded - - 2 5 5 2 1.4k 38k 917 - 53 6% -17 -1%

Incubators Venture Catalysts (#1), Eleven Ventures (#1)
Seed Astarc Ventures (#1), True Ventures (#1)
Series A/B Scottish Enterprise (#1), Lifeline Ventures (#1)
Series C+
Simplygon Jan - 2017
Acq by Microsoft
Havok Oct - 2015
Acq by Microsoft
Mixamo Jun - 2015
Acq by Adobe
Geomerics Dec - 2013
Acq by Arm
Illuminate Labs Jul - 2010
Acq by Autodesk
$2.6M - Series A
Speech Graphics (2010, Edinburgh,
$2.6M)
$708k - Seed
Didimo (2016, San Francisco, $708k)
$25.9M - Series B
Cubic Motion (2009, Manchester,
$25.9M)
$1.2M - Seed
Norah AI (2015, Bangalore, $1.6M)
$200k - Seed
$3.4M - Series A
Umbra (2006, Helsinki, $3.4M)
$185k - Seed
Nov 2018
Allegorithmic Updates Substance Painter Performance,
Animation Magazine
Sep 2018
Umbra Composit could scan the world in 3D to the detail of a
single grain of sand, VentureBeat
Mar 2018
Simplygon introduces Computer Aided Design users to
mixed reality, TechGenYZ
Mar 2018
Cubic Motion Ushers in a New Era of Instantaneous Live
Facial Capture Technology, Business Wire
Feb 2018
IKinema Officially Launches Orion 1.0 Motion Capture
Solution, ReadITQuik
Jan 2018
Allegorithmic Introduces the ‘Signature Series,’ Offering
Original Materials Designed by Professionals, GlobeNewswire
Jan 2018
Animation technology firm IKinema signs deal with
Nintendo to bring its tech to Switch games, Pocket Gamer
Oct 2017
Umbra Composit Accelerates Rapid Visualization of Complex
3D Models for Designers, Engineers and Architects, PRWeb
Jan 2017
Microsoft acquires Simplygon for its ‘3D For Everyone’ plan,
SiliconAngle
Jul 2016 The reality of AR/VR survival, TechCrunch
Jul 2009
Online Animation Startup Mixamo Raises $4 Million - PE
Hub, PE Hub
News
6
1
9
18
40
M&A/IPO
Series C+
Series A+
Funded
Companies
Covered
Funding Funnel
Development > Feature Tools > Graphics: Market Factsheet
39
Exits
Recent InvestmentsTools for graphics related work
such as animation effects,
texturing, and rendering
optimization
Ageia Technologies
(2002, Santa Clara, $27.5M)
Cubic Motion
(2009, Manchester, $25.9M)
Mixamo
(2008, San Francisco, $11.8M)
Umbra
(2006, Helsinki, $3.4M)
Speech Graphics
(2010, Edinburgh, $2.6M)
Top Companies
Gaming Enablers > Market Details > Market: Graphics
Companies Created 40 | Funded 18 | Total Funding $77.7M
0
2
4
$0k
$10M
$20M
$30M
2014 2015 2016 2017 2018
Predicted Funding YoY Funding
Rounds Predicted Rounds
YoY Funding and Rounds
Market: Graphics

Development > Feature Tools > Graphics: Top Companies
Market: Graphics
Analyst’s Pick
Northedge Capital
Minicorn. Stage: Series A
AI-based game design and animation tool
Editor's Pick. Stage: Seed
Exfinity Venture Partners, Sprout Investment
Advisors, Venture Catalysts and 15 Other Investors
Fork Particle (2004, Milpitas)
Provider of visual effects simulation SDK (software
development kit) for game developers

Note: Overall Rating is a combination of Funding and Team rating, along with Execution, Size and Growth metrics
41
Development > Feature Tools > Graphics: Leaderboard
Better than Market Average
Market: Graphics
Overall
Rating
Company
Name
Year Location Stage
Funding
($M)
Funding
Rounds
Team
Rating
Execution Quality Size Metrics 6M Growth Metrics
App
Rating
App UI
Web
UI
Social
Followers
Mobile
Downloads
Mobile
Reviews
News
Mentions
Mobile
Reviews
Social
Followers
Δ % Δ %
5.0 Cubic Motion 2009 Manchester Series B $25.9M 1 - - - 3 2k - - 3 - - 241 14%
4.8
Speech
Graphics
2010 Edinburgh Series A $2.6M 1 - - - 5 434 - - 2 - - 18 4%
4.2 Umbra 2006 Helsinki Series A $3.4M 1 2 - - 4 996 - - 2 - - 23 2%
4.0 MUGENUP 2011 Shinjuku Series B $1.3M 1 4 - - - 2.4k - - - - - 24 1%
3.9 Mixamo 2008
San
Francisco
Acquired $11.8M 4 4 - - - 4.6k - - 2 - - -70 -1%
3.4 Simplygon 2006 Linkoping Acquired - 1 3 - - - 3k - - 3 - - -43 -1%
3.3 Didimo 2016
San
Francisco
Seed $708k 1 - - - 3 311 - - - - - 21 7%
3.3
Ageia
Technologies
2002 Santa Clara Acquired $27.5M 1 4 - - - - - - - - - - -
3.1
Allegorithmi
c
2003
Clermont-
ferrand
Unfunded - - 4 - - - 28k - - 2 - - 4.9k 21%
2.9 Borodar 2014 Uzhhorod Unfunded - - - 4 4 3 111 31k 325 - 13 4% 8 8%
2.8 Norah AI 2015 Bangalore Seed $1.6M 3 3 - 2 4 - 10 - - - - - -
2.8 IKinema 2006 Guildford Unfunded - - 4 - - - 1.8k - - 2 - - 147 9%
2.7
KinematicSo
up
2013 Kelowna Funded - - 4 - - 3 996 - - - - - 37 4%
2.5 Havok 1998 Dublin Acquired - - 4 - - - 1.5k - - 2 - - -36 -2%

Public Companies
Contents
Feed Summary
Investment Trend
Market Details
Exit Outlook
Investors
News
Appendix
42
Notable Acquisitions
Top Acquirers
Acqui-hires

Public companies
44
Performance indicators of public companies in Gaming Enablers
IPO Date Company
IPO
Mcap
Exchange
Ticker
May 2015
Xun Yu (2005, Chengdu)
Develops software for network acceleration
SZSE:300467
Jul 2005
Gaiax (1999, Tokyo)
Platform to connect and engage with online communities
3775
China Binary Sale Technology (2004, Wan Chai)
Payment platform for in-game payments
Gaming Enablers > Exit Outlook > Public Companies

Notable Acquisitions (1/2)
45
Notable Acquisitions in Gaming Enablers
Gaming Enablers > Exit Outlook > Notable Acquisitions
2015
Acquirer: IronSource
Supersonic (2009, Tel Aviv, $23.2M)
App monetization and mobile video advertising
platform
Acquirer: RockYou
Playhaven (2009, San Francisco, $31.2M)
Mobile game monetization platform
2012
Acquirer: Rambus Deal: $35M
platforms
2011
Acquirer: Qualcomm
Bigfoot Networks (2006, Redwood City,
$20.8M)
Networking technology company for online gaming
Acquirer: GREE Deal: $104M
Aurora Feint (2008, Burlingame, $11M)
BaaS solution provider
Acquirer: Visa Deal: $190M
and developers

Notable Acquisitions (2/2)
46
Notable Acquisitions in Gaming Enablers
Gaming Enablers > Exit Outlook > Notable Acquisitions
2010
Acquirer: Gamebryo
Calabasas, $37.2M)
Before 2008
Acquirer: NVIDIA
Ageia Technologies (2002, Santa Clara,
$27.5M)
Physics software for video game developers

Most Active Acquirers
47
Gaming Enablers > Exit Outlook > Most Active Acquirers

Acqui-hires
48
List of Acqui-hires in Gaming Enablers
Excludes all details for Chinese companies
Date Target
Jun-15 Agawi Acq by Google
Feb-15 Pinion Acq by Unikrn
Gaming Enablers > Exit Outlook > Acqui-hires
View all 2 Acqui-hired companies on Tracxn Platform

Contents
Feed Summary
Investment Trend
Market Details
Exit Outlook
Investors
News
Appendix
49
Details on VC & PE Investors
Seed Stage
Early Stage
Late Stage
Details on Top Ecosystem Players

Gaming Enablers > Investors > Index of Most Active VC & PE Investors
Index of Top Investors (VC, PE) by Stage in Gaming Enablers; Last 5 years (Nov 2013 - Oct 2018)
Index of Most Active VC & PE Investors
SEED STAGE
Right Side Capital Management (2 Investments)
Nissay Capital
London Venture Partners
SAIF Partners China
Astarc Ventures
Founders' Co-op
Inveready
Trilogy Equity Partners
Alliance Venture
Playfair Capital
Extreme Venture Partners
Acequia Capital
Exfinity Venture Partners
EARLY STAGE
Andreessen Horowitz (2 Investments)
Benchmark Capital
IDG Capital
Lifeline Ventures
Par Equity
Amadeus Capital
Horizons Ventures
Ventech
SAIF Partners China
Business Finland
Initial Capital
Acero Capital
Bloc Ventures
Polaris Partners
Madrona Venture Group
LATE STAGE
DFJ
Thrive Capital
Columbia Capital
Frees Fund

Right Side Capital Management
52
Portfolio in Gaming Enablers | Exits | Funds Link | Website | LinkedIn | Twitter
Gaming Enablers > Investors > Right Side Capital Management
Investments
[Unicorn] Compass (2012, New York City, $1.2B, Series F)
Technology driven Online brokerage firm
[Soonicorn] ClassPass (2011, New York City, $307M, Series D)
Membership programs for fitness classes across multiple gyms
[Soonicorn] DataRobot (2012, Boston, $225M, Series D)
Automated machine learning platform for data science applications
[Soonicorn] Leanplum (2012, San Francisco, $145M, Series D)
Mobile A/B testing, personalization & analytics platform
[Soonicorn] DigitalOcean (2011, New York City, $134M, Series
B)
Cloud computing platform to build, deploy and scale cloud applications
[Soonicorn] Threat Stack (2012, Boston, $72.2M, Series C)
Intrusion detection platform for cloud, hybrid-cloud, and on-premise
environments
[Soonicorn] Distil Networks (2011, Arlington, $65M, Series C)
Content protection network and anti bot solution
[Soonicorn] Synack (2013, Menlo Park, $55.3M, Series C)
Crowdsourced Vulnerability Discovery
[Minicorn] Amino Apps (2011, New York City, $72.4M, Series C)
Online communities enabler
[Minicorn] Bluecore (2013, New York City, $63.2M, Series C)
Automated personalized trigger-based email marketing
[Minicorn] TradingView (2011, Chicago, $40.7M, Series B)
Stock charting solution
[Minicorn] Zagster (2007, Boston, $33.6M, Series C)
Bike sharing solutions provider
[Minicorn] LovePop Cards (2014, Boston, $26.6M, Series A)
Online platform for sending personalized greeting cards
Other Notable Portfolio
Top Exits Recent News on Fund & Portfolio
Geographical Spread Stage of Entry
Mar 2018 Snap acquired gaming firm PlayCanvas, Seeking Alpha
Feb 2017
Innervate launches Gamesight do-it-yourself influencer
marketing platform, VentureBeat
Dec 2015
Techstars grad Innervate raises $1.3M to help developers
build relationships with gamers – GeekWire, GeekWire
PlayCanvas
(2011, London, $540k)
Acq by Snapchat - Mar 2018
2
2013 2014 2015 2016 2017 2018
Follow On New Investments
2
-
-
-
2
Undisclosed
Series C+
Series B
Series A
Seed3
1
-
-
-
US
Europe

London Venture Partners
53
Gaming Enablers > Investors > London Venture Partners
Investments
Nov 2018
Nov 2018
Unity Icon Collective gives indie devs access to triple-A
game art, VentureBeat
Nov 2018
Microsoft’s open source AirSim platform comes to Unity,
VentureBeat
Nov 2018
Unity Technologies to Bring Real-Time 3D to Autodesk to
Save Customers Time and Money in AEC, Automotive, and
Media and Entertainment Industries, Business Wire
Nov 2018
ThinkEDU Chosen as Unity Technologies’ Learning
Services Distribution Partner for North America, PRWeb
Oct 2018
Universal Games and Unity Technologies Announce
Winner of Universal GameDev Challenge, AIThority
Oct 2018
Unity Ads SDK 3.0 features personalised placements, AR
and banner ads, Pocket Gamer
Oct 2018
The Warcraft Method: Why Google’s DeepMind Is
Training AI In Virtual Worlds, Forbes
Sep 2018
Google’s DeepMind and Unity join forces to create
simulated environments for AI training, VentureBeat
Unity
Acq by Rambus - Feb 2012
Unity Technologies
Finland
(2008, Helsinki, $6M)
Acq by Unity - Mar 2014
1
2013 2014 2015 2016 2017 2018
2
-
-
-
1
Undisclosed
Series C+
Series B
Series A
Seed2
1
-
-
-
Europe
US

SAIF Partners China
54
Gaming Enablers > Investors > SAIF Partners China
People
Investments
[Soonicorn] Ayla Networks (2010, Sunnyvale, $124M, Series D)
A platform for hosting connected devices
[Soonicorn] Crossbar (2010, Santa Clara, $111M, Series D)
Pioneering non-volatile RRAM memory technology
[Soonicorn] NetBase (2004, Mountain View, $87.4M, Series E)
Social Media Monitoring Patform
Top Exits
Recent News on Fund & Portfolio
Andrew Yan
Co-Founder & CEO
Dec 2016
SuperSonic Imagine Receives ISO 140012015
Certification, BioSpace
Sep 2016
IronSource launches ad engagement intelligence tool for
mobile apps, VentureBeat
Apr 2016
Mobile marketing mix tape: More hits, fewer flops
(webinar), VentureBeat
Sep 2015
IronSource Merges With Supersonic In Mobile Ad
Consolidation Play, TechCrunch
Supersonic
(2009, Tel Aviv, $23.2M)
Acq by IronSource - Sep 2015
1 1
2013 2014 2015 2016 2017 2018
-
-
1
-
1
Undisclosed
Series C+
Series B
Series A
Seed1
1
-
-
-
Israel
US

55
Gaming Enablers > Investors > CapDecisif Management

56
Gaming Enablers > Investors > Startup Capital Ventures

Contents
Feed Summary
Investment Trend
Market Details
Exit Outlook
Investors
News
Appendix
57
Seed Stage
Early Stage
Late Stage

Andreessen Horowitz
58
Gaming Enablers > Investors > Andreessen Horowitz

Benchmark Capital
59
Gaming Enablers > Investors > Benchmark Capital

Lifeline Ventures
60
Gaming Enablers > Investors > Lifeline Ventures

Amadeus Capital
61
Gaming Enablers > Investors > Amadeus Capital

Horizons Ventures
62
Gaming Enablers > Investors > Horizons Ventures

Ventech
63
Gaming Enablers > Investors > Ventech

SAIF Partners China
64
Gaming Enablers > Investors > SAIF Partners China

Business Finland
65
Gaming Enablers > Investors > Business Finland

Initial Capital
66
Gaming Enablers > Investors > Initial Capital

Acero Capital
67
Gaming Enablers > Investors > Acero Capital

Madrona Venture Group
68
Gaming Enablers > Investors > Madrona Venture Group

Contents
Feed Summary
Investment Trend
Market Details
Exit Outlook
Investors
News
Appendix
69
Seed Stage
Early Stage
Late Stage

DFJ
70
Gaming Enablers > Investors > DFJ

Thrive Capital
71
Gaming Enablers > Investors > Thrive Capital

Columbia Capital
72
Gaming Enablers > Investors > Columbia Capital

Frees Fund
73
Gaming Enablers > Investors > Frees Fund

74
Gaming Enablers > Investors > Evolution Capital Partners

75
Gaming Enablers > Investors > Summit Bridge Capital

Contents
Feed Summary
Investment Trend
Market Details
Exit Outlook
Investors
News
Appendix
76
Incubators
Other Notable Investors
Debt Investors

Gaming Enablers > Investors > Index of Ecosystem Investors
Index of Top Ecosystem Investors in Gaming Enablers; Q3 2013 - Q3 2018
Index of Ecosystem Investors
INCUBATOR
Techstars (7 Investments)
500 Startups (3 Investments)
Y Combinator (3 Investments)
Startupbootcamp (2 Investments)
TLabs
Eleven Ventures
NDRC
Axel Springer Plug and Play Accelerator
PreSeed Ventures
Innovacorp
Collider
Venture Catalysts
Play Labs
Accelerate Baltimore
Launch Chapel Hill
OTHER NOTABLE INVESTORS
Kima Ventures (2 Investments)
SoftBank Group
Enterprise Ireland
Scottish Enterprise
Time Warner
Smac Partners
Tech Coast Angels
European Union
TEDCO
Silver Lake
Stanford University
Triangle Capital
GP Bullhound
HBS Alumni Angels Association
DEBT INVESTORS
Western Technology Investment (4
Investments)
Hercules Capital
TPG
Rivers Capital Partners

Techstars
78
Gaming Enablers > Investors > Techstars
People
Investments
[Unicorn] Twilio (2007, San Francisco, $240M, Public)
Cloud Communications API provider
[Soonicorn] Remitly (2011, Seattle, $227M, Series D)
Cross-border money transfer using banking networks.
[Soonicorn] DataRobot (2012, Boston, $225M, Series D)
Automated machine learning platform for data science applications
[Soonicorn] Leanplum (2012, San Francisco, $145M, Series D)
Mobile A/B testing, personalization & analytics platform
[Soonicorn] DigitalOcean (2011, New York City, $134M, Series
B)
Cloud computing platform to build, deploy and scale cloud applications
[Soonicorn] Outreach (2013, Seattle, $125M, Series D)
SaaS based Lead Engagement Tools
[Soonicorn] Sphero (2010, Boulder, $108M, Series D)
Smartphone controlled robotic gaming toy for kids
[Soonicorn] Placester (2008, Cambridge, $101M, Series D)
Real Estate Marketing platform
[Soonicorn] Latch (2014, New York City, $96M, Series B)
Smart locks for homes, offices and apartment buildings
[Soonicorn] Degreed (2012, San Francisco, $85.6M, Series C)
e-Portfolio assessment
[Soonicorn] Threat Stack (2012, Boston, $72.2M, Series C)
Intrusion detection platform for cloud, hybrid-cloud, and on-premise
environments
[Soonicorn] Distil Networks (2011, Arlington, $65M, Series C)
Content protection network and anti bot solution
[Soonicorn] Localytics (2008, Boston, $59.7M, Series D)
Mobile App User Analytics & Marketing
Top Exits
Brad Feld
Co-Founder & Partner
David Brown
Co-Founder & Co-CEO
David Cohen
Co-Founder & Co-CEO
Feb 2017
Innervate launches Gamesight do-it-yourself influencer
marketing platform, VentureBeat
Dec 2015
Techstars grad Innervate raises $1.3M to help developers
build relationships with gamers – GeekWire, GeekWire
Nov 2011
Xconomy: TechStars Seattle Demos: One Room, 10
Startups, Tons of Potential, Xconomy
PlayCanvas
(2011, London, $540k)
Staq
(2012, San Francisco)
1
4
2013 2014 2015 2016 2017 2018
3
-
-
-
6
Undisclosed
Series C+
Series B
Series A
Seed7
1
1
-
-
US
Europe
India

500 Startups
79
Gaming Enablers > Investors > 500 Startups
People
Investments
[Unicorn] Credit Karma (2007, San Francisco, $370M, Series D)
Aggregator of various consumer financial products.
[Unicorn] Intercom (2011, San Francisco, $241M, Series D)
Customer communication and Retention Platform
[Unicorn] Twilio (2007, San Francisco, $240M, Public)
Cloud Communications API provider
[Unicorn] Gitlab (2014, San Francisco, $146M, Series D)
Code collaboration tool
[Unicorn] Talkdesk (2011, San Francisco, $128M, Series B)
Browser based call center
[Soonicorn] Smule (2008, San Francisco, $176M, Series F)
Developer of social music creation and sharing apps
[Soonicorn] Udemy (2010, San Francisco, $173M, Series D)
Marketplace for online courses
[Soonicorn] Carousell (2012, Singapore, $172M, Series C)
P2P listing platform for multi-category pre-owned products
[Soonicorn] Flywire (2009, Boston, $137M, Series D)
Global money transfer in local currency
[Soonicorn] Breather (2012, Montreal, $120M, Series D)
On-demand Private Room Reservation
[Soonicorn] Lucid Software (2009, Salt Lake City, $114M, Series
C)
Visual Communication Software
[Soonicorn] uBiome (2012, San Francisco, $110M, Series C)
Citizen science startup to sequence the human microbiome
[Soonicorn] Ipsy (2011, San Mateo, $107M, Series B)
Subscription for beauty products
Top Exits
Dave McClure
Founder, Partner
Christine Tsai
CEO
Jan 2015
Goo Technologies Closes $2.2M Seed Funding |FinSMEs,
FinSMEs
Aug 2013
Goo Technologies Raises Funding to Seize Increasing
HTML5 Market Demand | Business Wire, Business Wire
Feb 2012
Game Closure raises $12M for HTML5 cross-platform
games | GamesBeat, VentureBeat
Aug 2011
Game Closure Quietly Raises Seed Round From SV Angel,
Yuri Milner, Greylock, And More – TechCrunch,
TechCrunch
PlayCanvas
(2011, London, $540k)
1
1
2013 2014 2015 2016 2017 2018
2
-
-
-
2
Undisclosed
Series C+
Series B
Series A
Seed2
2
-
-
-
US
Europe

Launch Chapel Hill
80
Gaming Enablers > Investors > Launch Chapel Hill
Investments
Feb 2017
Valve's Steam Audio will bring better sound to games and
VR, VentureBeat
Impulsonic
(2011, Carrboro)
Acq by Valve - Jan 2017
1
2013 2014 2015 2016 2017 2018
-
-
-
-
1
Undisclosed
Series C+
Series B
Series A
Seed1
-
-
-
-
US

Contents
Feed Summary
Investment Trend
Market Details
Exit Outlook
Investors
News
Appendix
81
Incubators
Debt Investors

SoftBank Group
82
Gaming Enablers > Investors > SoftBank Group

Enterprise Ireland
83
Gaming Enablers > Investors > Enterprise Ireland

84
Gaming Enablers > Investors > National Science Foundation

Time Warner
85
Gaming Enablers > Investors > Time Warner

Smac Partners
86
Gaming Enablers > Investors > Smac Partners

Silver Lake
87
Gaming Enablers > Investors > Silver Lake

Stanford University
88
Gaming Enablers > Investors > Stanford University

Triangle Capital
89
Gaming Enablers > Investors > Triangle Capital

Contents
Feed Summary
Investment Trend
Market Details
Exit Outlook
Investors
News
Appendix
90
Incubators
Debt Investors

Western Technology Investment
91
Gaming Enablers > Investors > Western Technology Investment

Hercules Capital
92
Gaming Enablers > Investors > Hercules Capital

TPG
93
Gaming Enablers > Investors > TPG

Contents
Feed Summary
Investment Trend
Key Markets
Exit Outlook
Investors
News
Appendix
94
Recent News

Recent News (1/2)
96
Gaming Enablers > News > Recent News
Nov 2018
Allegorithmic Updates Substance Painter Performance, Animation
Magazine
Nov 2018
Nov 2018
Unity Icon Collective gives indie devs access to triple-A game art,
VentureBeat
Nov 2018 Microsoft previews PlayFab multiplayer game services, VentureBeat
Nov 2018 Microsoft’s open source AirSim platform comes to Unity, VentureBeat
Nov 2018
Unity Technologies to Bring Real-Time 3D to Autodesk to Save
Customers Time and Money in AEC, Automotive, and Media and
Entertainment Industries, Business Wire
Nov 2018
Nov 2018
InComm Partners with Xsolla to Enable Online Game Account
Funding with Cash at GameStop, PR Newswire
Nov 2018
Critical Ops surpasses 50 million downloads as v1.0 enters beta,
Esports Insider
Nov 2018
Improbable's new SpatialOS dev kit will help UE devs 'seamlessly
grow any game in scale and complexity', mcvuk.com
Oct 2018 Swrve Expands Technical Capabilities with Shaw + Scott, PRWeb
Oct 2018
Xsolla And DMarket Partner To Transform In-Game Commerce, PR
Newswire
Oct 2018 GameSalad Wins Brownsville School District, TexasTechPulse
Oct 2018
Universal Games and Unity Technologies Announce Winner of
Universal GameDev Challenge, AIThority
Oct 2018
YoYo Games' plan to inspire a whole new generation of game devs,
mcvuk.com
Oct 2018
Unity Ads SDK 3.0 features personalised placements, AR and banner
ads, Pocket Gamer
Oct 2018
Xsolla Adds MobileGO (MGO) As New Payment Method For
Developers And Gamers Globally, PR Newswire
Oct 2018
Improbable brings its massive multiplayer platform to Unity game
engine, TechCrunch
Oct 2018
The Warcraft Method: Why Google’s DeepMind Is Training AI In
Virtual Worlds, Forbes
Oct 2018
U.S. i-gaming firm to distribute Highlight Games, Reviewed-
Casinos.com
Oct 2018
Bigben spending spree continues with Kylotonn acquisition,
GamesIndustry
Sep 2018
Dublin startup slashes cost of voice generation technology, The
Business Times
Sep 2018
Swrve Appoints Tom Aitchison as Chief Executive Officer,
GlobeNewswire

Recent News (2/2)
97
Gaming Enablers > News > Recent News
Sep 2018
Google’s DeepMind and Unity join forces to create simulated
environments for AI training, VentureBeat
Sep 2018
Umbra Composit could scan the world in 3D to the detail of a single
grain of sand, VentureBeat
Sep 2018 Triple Point launches new venture fund share class, Angel News
Sep 2018
RockYou Media Acquires Mom.me Expanding The Company's
Premium Editorial And Advertising Platform, PR Newswire
Sep 2018
Former BioWare General Manager Aaryn Flynn Joins Improbable as
General Manager, North America, PR Newswire
Sep 2018
Rokoko and Unity Technologies Partner to Bring Motion Capture to
Developers Worldwide, Business Wire
Sep 2018
Blockchain Gaming Pioneer XAYA Announces Public Sale is Live
Exclusively on Liquid, CryptoScoop
Sep 2018
DeltaDNA: Mobile and PC game ‘whales’ aren’t as important as they
once were, VentureBeat
Sep 2018 Fast-growing game engine startup Unity loses its CFO, TechCrunch
Sep 2018
Unity boss says VR hardware still not right for consumers,
GamesIndustry
Sep 2018 Unity and Google Cloud unveil Open Match, GamesIndustry
Sep 2018 Unity CEO says half of all games are built on Unity, TechCrunch
Sep 2018 DragonVein launches its new VR+Blockchain product, PR Newswire
Sep 2018 CloudMoolah's XMOO is Listed on Coinsuper, Newswire
Aug 2018
Skins.Cash Partners with Xsolla to Bring Skins to Gamers
Worldwide, PR Newswire
Aug 2018
Machine learning reveals crazy advertising ideas that actually work,
VentureBeat
Aug 2018
Unity Technologies and Hunch Ventures launches The Circle's
Gaming & VR ‘Centre of Excellence’ (CoE), Startup Success Stories
Aug 2018
Swrve Establishes Asia Pacific Office and Hires Scott Mirabello as
Regional Director, Asia Pacific, GlobeNewswire
Aug 2018
Unite LA Is Back, And Uniting Industries As Far-Reaching As
Architecture, AutoTech, And VR/AR, Forbes
Aug 2018 Game of Whales acquires tracking app Appstatics, Pocket Gamer
Aug 2018
Sports Token ICO Issuer MobileGo Threatens Critics With Legal
Action, CryptoScoop
Aug 2018
Unity Finalizes Move to WebAssembly with the Unity 2018.2
Release, ProgrammableWeb
Aug 2018 GameSalad Launches New Teacher Dashboard, TexasTechPulse
Aug 2018
DMarket Launches Software Development Kit in the Unity
Technologies Asset Store, PR Newswire
Aug 2018
YoYo Games launches open beta for Nintendo Switch version of
GameMaker Studio 2, mcvuk.com
Aug 2018
Interactive fiction specialist Dr Emily Short joins the Spirit AI board,
Pocket Gamer
Aug 2018
Clip: Behind the Scenes of Disney TV’s Unity-Powered ‘Big Hero 6’
Shorts, Animation Magazine

Contents
Feed Summary
Investment Trend
Key Markets
Exit Outlook
Investors
News
Appendix
98
Explore more on Tracxn Platform
Index of Top companies by Market
Funded Deadpooled Companies

Explore more on Tracxn Platform
100
Companies
Companies Covered
Unicorns
Public Companies
Acquired Companies
Funded Companies
Investment Trends
Recent Investments
Mega Investments
Investment Trend
Markets
BlueBox
Taxonomy
News
Key News
Recent News
Company Stage
Angel Funded
Seed Funded
Early Stage (Series A/B)
Late Stage (Series C+)
Acqui-hires
DeadPooled
Investors Acquirers
Unicorn Investors
Most Active VC &PE Investors
Portfolio of Top Investor
Most Active Acquirer
Gaming Enablers > Appendix > Explore Sector on Tracxn Platform

Index of IPOs, Acquisitions, Unicorns, Soonicorns, Minicorns and Editor Picks in Gaming Enablers
Index of Top companies by Market (1/4)
101
Gaming Enablers > Appendix > Index of Top companies by Market
Development
Development
Vivox (2005, Natick, $22.6M)
Integrated voice chat application provider
Editor's Pick. Stage: Series C
Peacock Equity, IDG ventures, Benchmark Capital
and 4 Other Investors
LocalizeDirect (2009, Helsingborg, $354k)
Localization services and software for the gaming
industry
TeknoSeed
Game Engine
13 Other Investors
platforms
Calabasas, $37.2M)
Hopewell Ventures, Worldview Technology
Partners, Jerusalem Capital and 6 Other Investors
Game Engine
Gamebryo (2003, Seocho)
Game development engine
Unreal Engine (1991, Cary)
Game engine developed by Epic Games
AI Factory (2003, Pinner)
AI engine and mobile game developer
Bohemia Interactive (1999, Prague)
Independent game development studio based in the
Czech Republic
Ironclad Games (2006, Vancouver)
Indie game development company based in Canada
Sparkypants (2011, Baltimore)
Independent game development service provider

102
Development
Feature Tools
and developers
Stage: Acquired
Vodafone, Menlo Ventures, STIC International and 7
Other Investors
Ageia Technologies (2002, Santa Clara,
$27.5M)
Physics software for video game developers
Stage: Acquired
Hercules Capital, GGV Capital, BA Venture Partners
and 5 Other Investors
Northedge Capital
Feature Tools
ad2games (2007, Berlin, $9M)
Ad network for online games
3TS Capital Partners, HitFox Group
CloudMoolah (2016, Singapore, $5M)
Software developer for gaming industry
Editor's Pick. Stage: Series A
Aetius Capital
AI-based game design and animation tool
Exfinity Venture Partners, Sprout Investment
Advisors, Venture Catalysts and 15 Other Investors
Feature Tools
Fork Particle (2004, Milpitas)
Provider of visual effects simulation SDK (software
development kit) for game developers
Xsolla (2005, Sherman Oaks)
Storefront management and billing solutions for
online game payments

103
Monetization
In-game Ads
Cross-platform video ad network for games
Columbia Capital, FastPay, SoftBank Group and 14
Other Investors
apps
NETGEAR, Summit Bridge Capital, Evolution Capital
Partners and 13 Other Investors
Playhaven (2009, San Francisco, $31.2M)
Mobile game monetization platform
Stage: Acquired
Triangle Capital, GGV Capital, E.ventures and 5
Other Investors
In-game Ads
Supersonic (2009, Tel Aviv, $23.2M)
App monetization and mobile video advertising
platform
Stage: Acquired
SAIF Partners China, 83North
NativeX (2000, Sartell, $320k)
Native advertising network in mobile games
Alta Equity Partners, Great North Labs
Ad4Game (2008, Dublin)
Advertising network for game
developers/publishers
Pinion (2009, Sydney)
Game monetization platform through in game
advertisements
Editor's Pick. Stage: Acqui-Hired
bingfund, New Market Capital
In-game Purchases
SavvyStat (2017, Cambridge, $20k)
Virtual economy management solution provider for
game developers
Play Labs

104
Analytics
Analytics
Mobile game development and platform
development company
Business Finland, NHN Entertainment
GameAnalytics (2011, Copenhagen, $8M)
Analytics tool for mobile game developers
Sunstone, CrunchFund, Jimmy Maymann and 2
Other Investors
Marketing
Marketing
Chartboost (2011, San Francisco, $21M)
Ads monetization platform based on mobile games
Minicorn. Stage: Series B
Sequoia Capital, TransLink Capital, SKTA and 4
Other Investors
DauUp (2011, Ramat Gan)
In game ad network for game developers
Gaiax (1999, Tokyo)
Platform to connect and engage with online
communities
IPO Date Jul 2005 IPO Mcap -
- 3775
Altagram (2013, Berlin)
Provider of game localization and culturalisation
solutions
Synthesis (1995, Milan)
Localization services

Funded Deadpooled Companies
105
Excludes all details for Chinese companies
Gaming Enablers > Appendix > Funded Deadpooled Companies
View all 108 Deadpooled companies on Tracxn Platform
Funding Company Location
$51.4M IGA Worldwide New York City
$36M Double Fusion Los Angeles
$20.8M Bigfoot Networks Redwood City
$14M Mochi Media San Francisco
$11.6M Max Play San Francisco
$11M Aurora Feint Burlingame
$7.4M The Multiverse
Network
Mountain View
$6.5M Midverse Studios San Francisco
$2.2M Goo Create Stockholm
$2M Ayalogic Akron
$1.3M Suddenly Social Los Altos
$1.2M Minor Studios San Francisco
$1M Applicasa Netanya
$1M SwapMob Ann Arbor
$900k HeadCase
Humanufacturing
Los Angeles
$815k Storybricks San Francisco
$500k TicTacTi Tel Aviv
$500k Sogamo Singapore
$500k Pangea Mobile San Francisco
$450k TwoChop New York City
$200k Scaleform Greenbelt
$141k HyperBees London
$129k Netgamix Chicago
$125k Kermdinger Redwood City
$120k Nuggeta Saint-martin-de-
bromes
$100k Scoreoid Tel Aviv
$38.9k Canvace Rome
$20k Social Token Cincinnati
$20k Geosophic Amsterdam
$15k PlayerDuel Palo Alto
$5k Wufasta Mckinney
Fatfoogoo Vienna
Zigfu San Francisco
Fabric Software Montreal
Voopes.com Burlingame
Encarnate Chicago
Glass Robot Studios Dublin
Bluebox Now Seattle
Doubloon San Francisco
Memoraze Haifa
Trophit Yokneam Illit
Solpeo Krakow
The Zero Games Mumbai
PlayCrafter California
Wild Pockets Pittsburgh
Mbiz Global Kingston
Setgo Liverpool
Whally Paris
Sinister Games Morrisville
Social Gold San Francisco
Game Minion Dubai
Brandie Games Tallinn
ClickWall Ramat Gan
Staq San Francisco
Gameleon Sofia
Nonoba Copenhagen
Index of Deadpooled companies in Gaming Enablers

Mukul Aggarwal
Associate Vice President - Sector Specialist
Shakun Banthia
Lead Analyst
Team
106
For research queries write to us at myanalyst@tracxn.com

Copyright © 2018, Tracxn Technologies Private Limited. All rights reserved.
Any and all information either accessed from the website www.tracxn.com or having otherwise originated from Tracxn Technologies Private Limited including but not limited to the
information contained herein ("Data") is the sole property of Tracxn Technologies Private Limited (hereinafter "Tracxn"). You shall not recirculate, distribute, transmit, publish, or sell the
Data or any portion thereof in any form or by any means, either for commercial or non-commercial use, or permit any third party to use or distribute the Data or any portion thereof; to any
other party, except with the prior written consent of Tracxn. You may however incorporate insubstantial portions, extracts, abstracts or summaries from the Data into analysis, presentations
or tools for your customers or for your internal use, so long as Tracxn is clearly and visibly identified as the source of information.
For further information please refer to our Terms of Use at www.tracxn.com

Tracxn - Gaming Enablers Startup Landscape

Recommended

Recommended

More Related Content

What's hot

What's hot (20)

Similar to Tracxn - Gaming Enablers Startup Landscape

Similar to Tracxn - Gaming Enablers Startup Landscape (20)

More from Tracxn

More from Tracxn (20)

Recently uploaded

Recently uploaded (20)

Tracxn - Gaming Enablers Startup Landscape