Finland-based game company Supercell has made its first American investment with a $5 million minority stake in Redemption Games, an innovative game development studio in Carlsbad, California. Supercell is known for hit mobile gaming titles “Hay Day,” “Clash of Clans,” “Boom Beach,” and “Clash Royale.”
The investment is for a minority stake in Redemption Games, which will continue as an independent studio with full control of its operations, and is not part of a publishing relationship, but rather to support the development of new intellectual property and to bring it to market. Witz and Dan Lin, co-founders of Redemption, worked together for 20 years, collaborating for 10 of those in mobile gaming. They sold their prior company, Mob Science, to Jam City (previously SGN) in Los Angeles where they led the design and development of the top grossing game “Cookie Jam”.
Supercell CEO Ilkka Paananen, said, “In our investments, we are always looking for the best teams with great culture. Redemption Games has an amazing team of experienced developers, who have a solid track record and true passion for making great puzzle games. We’ve been impressed by their craftsmanship and distinctive approach to game development. This is our first investment outside of Europe and we couldn’t be more excited to partner up with the Redemption Games team.”
Finland, Helsinki & USA, Carlsbad, CA