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Online social gaming and entertainment platform Azerion has raised €200 million ($242 million) to realize its growth plans.

Chris Kerr, News Editor

April 28, 2021

1 Min Read

Online social gaming and entertainment platform Azerion has raised €200 million ($242 million) to realize its growth plans. 

Azerion secured the cash by refinancing a €100 million bond issued on the Frankfurt exchange last year, and said the funds will be used to "finance multiple acquisitions across its platform," with a specific focus on adding new gaming content and "creating revenue opportunities."

The news comes a few months after Azerion fully acquired Habbo developer Sulake, and a couple of years after it purchased Spil Games' mobile games division. The company also recently cut the ribbon on a new business and game development campus in Helsinki.

"The gaming business represents a total annual market of $175 billion. We’re well on our way to becoming the biggest platform in Europe with our vision to serve that market," said Azerion co-CEO, Atilla Aytekin. 

"Our goal is to create a safe, connected and intelligent ecosystem (enabled through our technology) that will accelerate the growth of European companies connected to our operations."

About the Author(s)

Chris Kerr

News Editor, GameDeveloper.com

Game Developer news editor Chris Kerr is an award-winning journalist and reporter with over a decade of experience in the game industry. His byline has appeared in notable print and digital publications including Edge, Stuff, Wireframe, International Business Times, and PocketGamer.biz. Throughout his career, Chris has covered major industry events including GDC, PAX Australia, Gamescom, Paris Games Week, and Develop Brighton. He has featured on the judging panel at The Develop Star Awards on multiple occasions and appeared on BBC Radio 5 Live to discuss breaking news.

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