BIT ODD Raises €17m to Infuse Magic into Mobile Gaming
Deal News | Nov 14, 2024 | Index Ventures
BIT ODD, a Finnish gaming studio, has successfully raised €17 million in a funding round led by Index Ventures. The company aims to reintroduce a sense of wonder and eccentricity into the mobile gaming landscape, distinguishing itself from the finance-driven trends that dominate the industry. With Lasse Louhento at the helm, a former key figure in the development of Clash of Clans, BIT ODD is determined to create mobile games that resonate emotionally with players. The studio's mission is rooted in crafting gaming experiences that focus on innovation and emotional engagement over traditional success metrics like downloads and revenue. Louhento and his team are drawing on their extensive industry experience and personal insights to deliver unique, immersive gaming experiences that are designed to inspire, rather than merely entertain.
Sectors
- Gaming
- Private Equity
Geography
- Finland – BIT ODD, the gaming studio, is based in Finland.
Industry
- Gaming – The article is about BIT ODD, a gaming studio focused on creating emotionally engaging mobile games.
- Private Equity – Index Ventures, a private equity firm, is involved in funding BIT ODD with a €17m investment.
Financials
- €17,000,000 – The amount raised by BIT ODD in a funding round led by Index Ventures.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| BIT ODD | Target | Company | A Finnish gaming studio aiming to create emotionally engaging mobile games. |
| Index Ventures | Investor | Company | A private equity firm providing a €17m funding to BIT ODD. |
| Lasse Louhento | CEO and Co-founder | Person | Former Game Lead and Art Director of Clash of Clans, leading the efforts at BIT ODD. |