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- Homa Games
Homa Games Funding, Investors & Competitors
Homa Games has raised $167M across 3 funding rounds, most recently a $102M Series B in October 2022.
Last Homa Games funding round
$102M
Series B · Oct 2022
Cumulative funding Homa Games raised
$167M
across 3 funding rounds
Key investors in Homa Games
Headline
Eurazeo
Northzone
Singular
OneRagtime
Bpifrance
Idinvest Partners
Fabric Ventures
About Homa Games
Homa Games is a Paris-headquartered publisher of hyper-casual mobile games developed in-house and with global studios. It releases titles such as NERF Epic Pranks!, Sky Roller, and Idle World on iOS and Android platforms. Homa Games provides studios with analytics platforms, monetization tools, and user acquisition expertise to scale games. The company maintains offices in San Francisco and Tokyo to support international expansion and advertising partnerships with platforms like AppLovin and Unity.
Founded
2018
HQ
Website
Status
Privately held
Customer focus
B2C
Revenue model
Advertising
Sectors
Homa Games Funding History
Homa Games has raised a total of $167M across 3 funding rounds.
Homa Games' first fundraising round was a $15M seed round in February 2021. The most recent completed round was a $102M Series B in October 2022.
Homa Games funding rounds
| Date | Stage | Investors | Raised | Deal Summary |
|---|---|---|---|---|
| Oct 2022 | Series B | Headline (lead); Quadrille Capital (lead); Singular; Fabric Ventures; Bpifrance; Eurazeo; Northzone | $102M | Homa Games is a Parisian mobile games publisher founded in 2018, specializing in hypercasual, arcade idle, casual, and board games. It partners with indie studios, providing a data-driven platform called Homa Lab for market insights, prototyping, A/B testing, optimization, and monetization to help developers create and publish hit games quickly. On approximately December 10, 2022, Homa closed a $100 million Series B funding round co-led by Headline and Quadrille Capital, with participation from Bpifrance, Eurazeo, Fabric Ventures, Northzone, and Singular. This followed a $65 million Series A in 2021 (including a $50 million tranche led by Northzone), bringing total funding to $165 million. The round supports scaling through tech and data investments, global team expansion to over 160 employees from 34 nationalities, new partnerships (including web3 with Sorare), and strategic acquisitions. The company innovates in hybridcasual trends, emphasizing in-app purchases for revenue growth, arcade idle subgenre, and web3 integration for digital assets and virtual economies. |
| Oct 2021 | Series A | Northzone (lead); King; Singular; OneRagtime; Eurazeo; Headline | $50M | Homa Games, a French mobile gaming startup founded in 2018, raised a $50 million Series A round on October 10-11, 2021, led by Northzone, with participation from Singular, King, FuboTV founders, and Daniel Ek's family office through his family office. The company partners with indie game studios as a publisher, specializing in hypercasual, casual, and board games using a proprietary tech stack for optimization, analytics, marketing, and publishing tools. This followed a $15 million seed round in February 2021 led by Headline and Eurazeo. By the Series A, Homa had achieved 500 million game installs, doubling from 250 million at seed, demonstrating rapid growth driven by its platform that simplifies game development and distribution. The funds were allocated to expand regional hubs globally, enhance technology, hire top talent across functions, and pursue mergers and acquisitions. CEO Daniel Nathan highlighted the platform's unique tech layer on game engines, enabling faster scaling amid strong investor interest in gaming, where venture-backed firms secured $5.9 billion in 2021. Subsequent rounds included a $100 million Series B in October 2022 co-led by Quadrille Capital and Headline, with returning investors like Northzone, Eurazeo, and Singular, bringing total funding to $165 million over three rounds by 2022. Homa continued growing post-Series A, adding over 160 employees from 34 nationalities and maintaining 117% year-on-year growth rates. |
| Feb 2021 | Seed | Headline (lead); Idinvest Partners (lead); Alexis Bonillo; Vladimir Lasocki; OneRagtime; Jean-Marie Messier | $15M | Homa Games is a Paris-based mobile gaming company founded in 2018 and led by CEO Daniel Nathan. The company develops hypercasual games, with a portfolio of 30 titles that achieved 250 million downloads, including Nerf Epic Pranks in partnership with Hasbro. It operates from Paris and has offices in Toulouse, France; Lisbon, Portugal; and Skopje, North Macedonia. Homa Games raised a $15 million seed round led by Idinvest Partners and e.ventures, with participation from OneRagtime and business angels Jean-Marie Messier, John Cheng, Vladimir Lasocki, and Alexis Bonillo. Benoist Grossmann of Idinvest Partners and Jonathan Userovici of e.ventures joined the board in conjunction with the investment. |
Who has invested in Homa Games?
13 investors have backed Homa Games across its funding rounds, including Headline, Eurazeo, Northzone, Singular, OneRagtime and Bpifrance.
Lead investors include Headline, Quadrille Capital, Northzone and Idinvest Partners.
Homa Games Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 3 | Lead | Feb 2021 | ||
| 2 | Participant | Oct 2021 | ||
| 2 | Participant | Feb 2021 | ||
| 2 | Participant | Oct 2021 | ||
| 2 | Lead | Oct 2021 | ||
| 1 | Participant | Feb 2021 | ||
| -- | 1 | Participant | Oct 2021 | |
| 1 | Participant | Feb 2021 | ||
| 1 | Lead | Oct 2022 | ||
| 1 | Lead | Feb 2021 | ||
| 1 | Participant | Feb 2021 | ||
This data is available for Pro users. Sign up to see all 13 Homa Games investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
Sign up to see data on 350K+ funding rounds and disclosed revenue and EBITDA valuation multiples, from seed, through growth stage, to pre-IPO.
Start Free TrialAcquisitions by Homa Games
Homa Games has acquired 2 companies to date.
Last acquisition by Homa Games was on March 15th 2022. Homa Games acquired RisingHigh for undisclosed valuation.
Latest Acquisitions by Homa Games
| Description | RisingHigh is a London-based online academy offering game design courses focused on hyper-casual titles, level design workshops, and publisher masterclasses. Established in 2021, the platform serves 10,000+ developers with weekly trend analyses, private Discord communities, and tools from studios like Voodoo and Homa Games. Courses cover Unity prototyping, monetization strategies, and A/B testing, enabling alumni to launch hits on App Store and Google Play. | Ducky Games is a Serbia-based studio specializing in hybrid casual mobile games. The team publishes titles blending simple mechanics with progression systems, drawing from experience in hyper-casual hits to engage millions of downloads worldwide. |
| HQ Country | ||
| HQ City | Woking | Paris |
| Deal Date | 15 Mar 2022 | 30 Nov 2021 |
| Valuation | undisclosed | undisclosed |
| EV/Revenue | ||
| EV/EBITDA | ||
This data is available for Pro users. Sign up to see all Homa Games acquisitions and their M&A valuation multiples. Start Free Trial | ||
Homa Games Competitors
Homa Games competitors include listed companies like Tencent, NetEase, Sea and Roblox, and private ones like Labs and Niantic.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Publicly listed | $112B | $51B | $489B | 4.2x | ||
| Publicly listed | $17B | $5.8B | $75B | 3.0x | ||
| Publicly listed | $23B | $2.4B | $62B | 2.0x | ||
| Publicly listed | $4.9B | ($1B) | $34B | 4.7x | ||
| Private | - | - | $10B | - | ||
| Private | $672M | - | $9B | 13.4x |
Homa Games Public Comps
Homa Games is still privately-owned, but its public comps include Tencent, NetEase, Sea, Roblox, Konami, NEXON, Kunlun, Giant Network Group, Square Enix and Krafton.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $112B | $51B | 4.5x | 4.2x | 9.9x | 9.9x | |||
| $17B | $5.8B | 3.1x | 3.0x | 8.9x | 7.7x | |||
| $23B | $2.4B | 2.5x | 2.0x | 24.3x | 16.5x | |||
| $4.9B | ($1B) | 6.7x | 4.7x | (32.6x) | 24.1x | |||
| $3.2B | $1.1B | 5.3x | 5.0x | 15.2x | 13.9x | |||
| $3.1B | $731M | 4.0x | 3.8x | 16.8x | 13.5x | |||
| $1.2B | ($230M) | 6.8x | 5.7x | (36.1x) | (111.2x) | |||
| $753M | $308M | 8.0x | 5.0x | 19.5x | 9.9x | |||
This data is available for Pro users. Sign up to see all Homa Games competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Homa Games
| When was Homa Games founded? | Homa Games was founded in 2018. |
| Where is Homa Games headquartered? | Homa Games is headquartered in Paris, France. |
| Is Homa Games publicly listed? | No, Homa Games is a private, VC-backed company. |
| How much funding has Homa Games raised? | Homa Games has raised $167M across 3 funding rounds. |
| What was Homa Games' last funding round? | Homa Games' last funding round was a $102M Series B in October 2022, led by Headline and Quadrille Capital. |
| Who are Homa Games' investors? | Homa Games' investors include Headline, Singular, OneRagtime, Eurazeo, Northzone, Alexis Bonillo, King, Vladimir Lasocki, Quadrille Capital, Idinvest Partners and 3 others. |
| Which companies are comparable to Homa Games? | Companies comparable to Homa Games include Tencent, NetEase, Sea, Roblox, Labs and Niantic. |
| How many companies has Homa Games acquired? | Homa Games has acquired 2 companies, including RisingHigh and Ducky Games. |
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