Appcharge Secures $26 Million Series A to Revolutionize Mobile Game Publishing

Deal News | Nov 25, 2024 | Glilot Capital Partners

Appcharge Secures $26 Million Series A to Revolutionize Mobile Game Publishing

Appcharge, a Direct-To-Consumer (D2C) platform innovator for mobile game publishers, has successfully raised $26 million in a Series A funding round. The fundraising was spearheaded by Creandum with contributions from Supercell, BITKRAFT Ventures, Moneta Ventures and existing investors including Play Ventures and Glilot Capital Partners. Founded by CEO Maor Sason and General Manager Roei Barassi, Appcharge aids mobile game developers in selling directly to players, allowing developers to retain up to 95% of their revenue. The funds will bolster the scaling of Appcharge's custom white-label offerings to meet the rising demand from game studios for increased revenue streams and improved player engagement. The company currently supports the D2C sales models of top-tier mobile games with its comprehensive web store solutions, gamified offers, global payment systems, and mobile SDKs. Appcharge's platform processes transactions exceeding $200 million annually and employs around 50 people in Israel. The CEO highlighted that changing regulations and increasing user acquisition costs are driving the shift towards D2C models in the gaming sector. This funding round underscores the growing importance and transformation within the gaming industry as it navigates new business models.

Sectors

  • Gaming Technology
  • Venture Capital
  • Financial Technology

Geography

  • Israel – Appcharge is based in Israel, employing around 50 people, and serves as the focal point of its operations.
  • Global – Appcharge's platform supports mobile game studios worldwide, highlighting its international reach and influence.

Industry

  • Gaming Technology – Appcharge operates within the gaming technology industry, providing a platform for mobile game publishers to enhance their business models through direct-to-consumer sales.
  • Venture Capital – The article discusses a Series A funding round, a key activity in venture capital where investors provide capital to promising startups like Appcharge.
  • Financial Technology – Appcharge's role in providing global payment systems and in-app payments places it within the fintech industry, as it offers financial solutions tailored for mobile gaming transactions.

Financials

  • $26 million – The total amount raised in Appcharge's Series A funding.
  • $5 million – The amount raised in Appcharge's previous Seed funding round.
  • $200 million – The annual processing volume handled through Appcharge’s platform.

Participants

NameRoleTypeDescription
AppchargeTarget CompanyCompanyA Direct-To-Consumer platform for mobile game publishers, helping developers enhance revenue retention and player engagement.
CreandumLead InvestorCompanyA venture capital firm that led the Series A funding round for Appcharge.
SupercellInvestorCompanyA major participant in the funding round, known for its significance in the gaming industry.
BITKRAFT VenturesInvestorCompanyA venture capital firm focusing on gaming and interactive media investments.
Moneta VenturesInvestorCompanyA venture capital firm partaking in the Appcharge Series A round.
Play VenturesExisting InvestorCompanyA venture capital firm that continues to support Appcharge's growth.
Glilot Capital PartnersPrivate Equity FirmCompanyAn existing investor in Appcharge, specializing in Israeli tech startups.
Maor SasonCEOPersonCo-founder and CEO of Appcharge, steering the company towards innovation in the gaming industry.
Roei BarassiGeneral ManagerPersonCo-founder and General Manager of Appcharge.
Angel InvestorsInvestorPeopleIndividual investors from the earlier Seed funding round.