Well played! Finnish money machine Supercell rakes in $1.5B from SoftBank and GungHo


The Finnish mobile gaming company Supercell has sold a 51 percent stake for a gobsmacking $1.5 BILLION, mere months after it raised $130 million in venture capital funding. The latest money comes from Japan, specifically the telecoms firm SoftBank (the owner of U.S. carrier Sprint) and the locally huge gaming outfit GungHo.

Supercell is the company behind the hit games Clash of Clans and Hay Day, which rake in an astonishing amount via the magic of in-game purchases – back in April, shortly after the last funding came through (from Index Ventures, Atomico Partners and Institutional Venture Partners, at a valuation of $770 million), the estimate was $2.4 million per day.

In a blog post on Tuesday, CEO Ilkka Paananen said the fresh funding would help Supercell become the “first truly global games company,” by which he largely means big in both the West and the East.

Over to…

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