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Investment Summary

Novator Partners Invests In Vela Games

On June 30, 2021, private equity firm Novator Partners invested in digital media company Vela Games

Investment Highlights
  • This is Novator Partners’ 5th transaction in the Digital Media sector.
  • This is Novator Partners’ 1st transaction in Ireland.

Investment Summary
Date 2021-06-30
Target Vela Games
Sector Digital Media
Investor(s) Novator Partners
Deal Type Growth Capital

Target

Vela Games

Dublin, Ireland
Vela Games is creating a new genre of multiplayer games centred around cooperative skills (Multiplayer Online Co-Operative, or MOCO for short). Vela Games is a game studio which has built a world-class team to develop Project-V, its first MOCO title. Project-V is currently in development phase and will be focused on a player first mentality, blending ingredients from both competitive and traditional cooperative games. Vela Games was founded in 2018 and is based in Dublin, Ireland.

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Investor(S) 1

Investor

Novator Partners

London, United Kingdom

Investor Investor Investor Investor Investor

Category Private Equity Firm
Founded 2004
PE ASSETS 7.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Novator is an alternative investment firm focused on opportunities in the telecom, life science, IT, and renewable energy sectors. Novator will consider investments across the US and Western Europe and has offices in London, Reykjavik, and Luxembourg.

DEAL STATS #
Overall 20 of 22
Sector (Digital Media) 5 of 5
Type (Growth Capital) 12 of 14
Country (Ireland) 1 of 1
Year (2021) 2 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-04-12 AppLovin

Palo Alto, California, United States

AppLovin offers a comprehensive platform where app developers of all sizes can connect with their ideal consumers and get discovered. The company is focused on helping both indie and established mobile game developers grow with the expertise and insights they need to finance, market, and expand their businesses all in one place. App developers view AppLovin as a trusted partner, the rare company that understands what it takes to succeed in the mobile app ecosystem and has the ability to help them reach their goals. AppLovin was founded in 2011 and based in Palo Alto, California.

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FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-08-31 Singularity 6

Los Angeles, California, United States

Singularity 6 is developing online multiplayer games designed to create a virtual universe for players. Singularity 6 is currently developing Palia, a massively multiplayer casual game set in a brand new high fantasy world with elements of open world adventure games. Palia will combine virtual community and artificial intelligence to help users develop relationships with in-game characters, enabling players to avail enhanced gaming experience. Singularity 6 was founded in 2018 and is based in Los Angeles, California.

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