Observed Signal · Dec 19, 2024 · Funding · Source: Tech.eu · Impact: 2/5 · Sentiment: Positive
Aonic Surpasses €150M Revenue, Raises €152M Investment
Swedish video gaming and tech group Aonic has raised €152 million in investment, with €100 million provided by Metric Capital Partners and €52 million coming from Active Ownership converting a shareholder loan into equity. Despite industry turbulence, Aonic’s 2024 revenue surpassed €150 million, a 73% increase year-over-year. Since 2021, the group has grown to 12 companies operating globally in game development, publishing and related services, including mobile user acquisition platform Exmox, OtherSide Entertainment, Megabit Publishing, Red Games Co., TutoTOONS, Gravite and nDreams. Aonic operates as a platform of like-minded enthusiasts rather than a portfolio of studios, fostering a hybrid model that empowers decentralized creativity. OtherSide, headed by industry legend Warren Spector, and Megabit recently combined to announce Thick As Thieves at The Game Awards. The new capital will fund further M&A and support ongoing development across the group.
The investment is relevant to gaming and mobile user acquisition, but the event is a niche corporate funding round rather than a major AdTech shift.
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Key Takeaways & Evidence Grounding
- Aonic raised €152 million in investment.
- Metric Capital Partners provided €100 million of the investment.
- Active Ownership converted its €52 million shareholder loan into Aonic equity.
- Aonic's 2024 revenue surpassed €150 million, up 73% year-over-year.
- Aonic has grown to 12 companies in game development, publishing and related services since 2021.
Connected Companies & Entities
4 Entities mapped“Swedish video gaming and tech group Aonic has raised €152 million investment....”
“Aonic’s major shareholder Active Ownership contributed additional capital to Aonic’s equity by converting its €52m shareholder loan....”
“These include Exmox, one of the fastest growing mobile user acquisition platforms...”
“mobile tech (Exmox, Gravite)...”
Ontology Mapping & Concepts
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