Iris Capital exits Mediakraft Networks
Mediakraft Networks, one of Europe’s largest online TV channel groups and one of Iris Capital portfolio’s companies, announces its acquisition by gamigo AG, the leading European game and content publisher in online and mobile games.
“It has been an incredible journey with the company and we are happy that Mediakraft is now perfectly positioned for its next level of development” said Erkan Kilicaslan, Managing Partner at Iris Capital, the venture capital backer of Mediakraft.
Founded in 2000, gamigo AG has risen rapidly to become one of the leading providers of free-to-play online and mobile games in Europe, managing over 100 million registered user accounts. Mediakraft will support the development of its broad games portfolio covering all genres and appeals to all age groups.
Based in Hamburg, gamigo grew its business organically as well as via acquisitions, having performed 15+ M&As since 2013. It has around 300 employees based in Berlin, Münster, Darmstadt (Germany), Chicago (USA) and Seoul (Korea).