ANTCO. Investment Group AB has acquired 0.88% of By Mates AB for 0.64 MSEK, enhancing its investment portfolio in the growing gaming industry.
Information on the Target
By Mates AB (publ), founded in 2017, is an innovative platform committed to making gaming accessible to everyone. The company offers a competitive environment that includes organized training, social interaction, and competitions for gamers worldwide. The platform, mates.gg, has experienced rapid growth, boasting over 40,000 members. By Mates aims to create a safe gaming experience by integrating parents and structuring the platform similarly to traditional sports, thereby taking measures against online bullying and hate speech.
The team behind By Mates possesses extensive experience in organizing online gaming events, providing them with valuable insights into the preferences and behaviors of the younger generation. By addressing key issues within the gaming community, By Mates delivers a comprehensive solution that meets current market demands. As of 2022, the company recorded revenues of approximately 2.2 MSEK and currently employs one staff member.
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Industry Overview in Sweden
The gaming industry in Sweden has witnessed remarkable growth in recent years, significantly contributing to the country’s economy. With a robust community and a wealth of talent, Sweden is home to numerous s
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ANTCO. Investment Group AB (publ)
invested in
By Mates AB (publ)
in 2023
in a Other Private Equity deal
Disclosed details
Transaction Size: $0M
Revenue: $0M