Advising Legendary Play on raising a growth investment from Modern Times Group and BITKRAFT Ventures.
Flow Partners acted as an exclusive financial advisor to an esports mobile gaming studio Legendary Play on a growth investment co-led by MTG and BITKRAFT.
Berlin, Germany
Stockholm, Sweden
Denver, CO, United StatesOverview
Founded in 2017 and headquartered in Berlin, Legendary Play (formerly META Games) is a multi-game mobile studio creating titles for esports fans. The company has launched the successful esports manager game RIVALS, and will deploy the new capital to release further titles, keeping at the forefront of the intersection between esports and mobile gaming.
The transaction further establishes Flow Partners' position as a leading advisor to gaming, esports and digital media disruptors, and highlights our footprint in European venture deals.
Transaction Background
Flow Partners acted as a financial advisor to Berlin-based mobile gaming studio Legendary Play, on their growth fundraise co-led by BITKRAFT Ventures and Modern Times Group (MTG), with participation from 1Up Ventures and Level-Up.
About Legendary Play
Founded in 2017, Legendary Play (formerly META Games) is a Berlin-based mobile gaming studio catering to esports fans. The company has launched the successful esports manager game RIVALS, and will deploy the new capital to release further titles, keeping at the forefront of the intersection between esports and mobile gaming.
About Modern Times Group
MTG is an international gaming group that owns and operates gaming studios with popular global IPs across a wide range of casual and mid-core genres. The group is focused on accelerating portfolio company growth and supporting founders and entrepreneurs. MTG is an active driver of gaming industry consolidation and a strategic acquirer of gaming companies around the world. MTG is born in Sweden but has an international culture and global footprint. MTG's shares are listed on Nasdaq Stockholm under the symbols 'MTGA' and 'MTGB'.
About BITKRAFT Ventures
BITKRAFT is a global investment platform for gaming, Web3, and immersive technology. BITKRAFT focuses on Seed, Series A, and Series B investments in game studios, gaming platforms, and gaming-related technology. BITKRAFT was founded in 2016 by gaming and esports veteran Jens Hilgers-founder of ESL, G2 Esports, and Bayes Holding.
About Flow Partners
Flow Partners provides founder-friendly corporate finance and fractional CFO advice to technology entrepreneurs globally. Flow was founded in 2020 and operates globally with presence in London, Berlin, Warsaw and Miami.
For more information, please visit flowpartners.io.
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