Indie game development platform Homa has raised $100 million
- Homa raised $100 million in a Series B round to expand its platform to independent game developers.
- The French startup counts the founder of Spotify, Daniel Ek, among its investors.
- Check out the 19-slide pitch deck to elevate the Series B tower below.
French game startup Homa, which aims to make game development easier and more efficient, has raised $100 million in a Series B round.
The Paris-based company, founded in 2018 by Daniel Nathan and Olivier Le Bas, has built a data-driven platform that offers independent game developers a comprehensive set of tools to improve their games in a hyper-competitive world. of mobile games.
“The problem with gambling is that it’s a very unfair activity,” CEO Nathan said. “Unless you’re very creative and data-driven, you’ll most likely fail. If you look at the number of games that have over 1,000 installs, that’s extremely low compared to the number of games launched.”
Homa aims to inform developers about live trends in mobile gaming to help them make decisions on issues such as the genre of their game, how they should test it, and what KPIs they should measure.
The company also has an in-house development team that publishes games across a range of genres such as hypercasual, arcade and digital board games, which Nathan says helps “showcase what you can do” with technology.
He highlights how game engines like Unreal are showcasing the potential of their technology with games like Fortnite.
“Every time you have a new version of a game engine, they make a crazy trailer showcasing their technology, they want to entice developers and say ‘look what you can do with it,'” Nathan said.
“It’s kind of the same strategy we have with our in-house developers, we want to show what you can do with Homa,” he said.
Homa, previously backed by Spotify CEO Daniel Ek, raised the funds in a Series B funding round co-led by venture capital firms Quadrille Capital and Headline, with participation from others such as as Northzone, Fabric Ventures, Bpifrance, Eurazeo and Singular.
This brings Homa’s total raised to $165m after its $65m Series A round last year, helping it grow and secure key partnerships with game companies such as NFT-based Sorare. .
Nathan acknowledged the round was lifted amid an increasingly difficult funding environment for European startups as investors grappled with an economic downturn, but said he believed “extremely good companies will rise further. ‘ and that there will be a ‘flight to quality’.
According to the startup, games that have used its platform have been installed over a billion times. It generates money through a revenue-sharing system with developers making profits on games that work, Nathan said.
“A lot of things won’t work, but the things that do will make a lot of money,” he said.
Homa will use the new funds to further grow its business by investing more in its technology and data products, while seeking to recruit more talent globally to expand the size of its current team of approximately 160 people and continue what he called “strategic acquisitions”. “
Check out the 19-slide deck used to raise the funds below: