Home / Uncategorized / Coin Master Creator Moon Active Raises $ 300 Million At $ 5 Billion Valuation | Pocket Gamer.biz

Coin Master Creator Moon Active Raises $ 300 Million At $ 5 Billion Valuation | Pocket Gamer.biz

Coin Master developer Moon Active has closed a $ 300 million round of secondary funding valued at $ 5 billion.

As reported by Calcalist, the financing round was led by Insight Partners and included the participation of Andalusian Private Capital.

Insight Partners previously invested $ 125 million in Moon Active in 2020 with a valuation of $ 1.25 billion.

Moon Active generated $ 1.25 billion in 2020, with the Israel-based company forecasting sales of $ 1.5 billion in 2021.

Moon Active currently employs 1,300 people with 800 employees at its headquarters in Tel Aviv. The company has hired over 400 employees since the beginning of 2021.

Up, up, and up

“We are excited to partner with Insight Partners, who continue to believe in the company, its vision and its talented team, and we look forward to bringing in Andalusian private capital,” said Samuel Albin, CEO of Moon Active (via Calcalist).

“Looking ahead to the years ahead, we see potential for endless growth and this is just the beginning. We have taken significant steps this year to become the world’s most successful mobile gaming company and we have many resources devoted to developing our technology.” Platform and many skills invested. ” that support and accelerate our games and give us a competitive advantage.

“We have developed several new games in multiple categories and we are also looking to grow through mergers and acquisitions of various sizes.

“It is said that human capital is the most important factor in the success of a company. That is not true. Human capital is the only important factor in the success of a company and that is our secret of success.”

According to a recent report from Sensor Tower, Coin Master had the highest sales of any mobile casino game in the US between August 2020 and September 2021, at $ 651 million.

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