InnoGames, a Hamburg, Germany-based developer of free-to-play online games, has raised an undisclosed amount of VC funding from Fidelity Growth Partners Europe. This is FGPE’s first investment out of a £100 million fund raised after Fidelity Ventures split into two firms (FGPE and Volition Capital).
Fidelity Growth Partners Europe (FGPE), a pan-European venture and growth equity investor, today announced its first investment in InnoGames, a leading developer and publisher of free-to-play online games. As the sole investor, FGPE will be working together with InnoGames to accelerate the company’s profitable growth. InnoGames currently has almost 50 million registered players across the globe playing successful titles such as Tribal Wars, The West, and Grepolis.
This investment has been made from FGPE’s new £100M fund which was announced in January. This is FGPE’s first venture and growth equity fund solely focussed on European technology companies in consumer and enterprise technologies and cleantech.
“InnoGames has every indication of a company that can become a global success,” said Davor Hebel, who led the investment for FGPE. “Companies such as InnoGames, with the potential and aspiration for greatness, are exactly the type we want to back. This is a fantastic kick-off investment for our new £100 million European fund.”
“The quality of European entrepreneurship continues to impress us”, stated Simon Clark, Partner at FGPE. “We are pleased to be making this first investment from our European fund and are looking forward to accelerating our investment pace into fast growing European technology companies.”
InnoGames’ roots go back to 2003, when founders Eike and Hendrik Klindworth and Michael Zillmer developed the browser game Tribal Wars. In 2007, they founded InnoGames GmbH, which has grown rapidly to become one of the biggest developers and publishers of browser games globally. Today, InnoGames is highly profitable and has almost 50 million registered users across three successful game titles: Tribal Wars, The West, and Grepolis.
About Fidelity Growth Partners Europe:
Fidelity Growth Partners Europe is a venture and growth capital investor which backs entrepreneurial companies in the IT and clean technology sectors across Europe. By combining a collaborative partnership within an international network FGPE supports portfolio companies as they accelerate their growth and become leaders in their fields. Building on Fidelity’s 40 year heritage of venture investing, the firm has established a significant presence in Europe and invested in some of the market leaders such as Seatwave and Curam Software. In January 2010, FGPE raised a £100 million fund dedicated to backing European technology companies.