Sectors/Gaming/2011

Gaming funding in 2011

European Gaming startup funding raised during 2011.

In 2011, 37 European Gaming companies closed 41 funding rounds and raised €139M in equity funding (excluding debt and grants). Finland led by capital raised, and Earlybird Venture Capital was the most active investor. Data as of 6 Nov 2026.

Equity funding

€139M

excl. debt & grants

Funding rounds

Companies

Top country

Finland

Gaming: last three years

change vs the year before

Year	Equity	Change	Rounds	Change	Debt
2009	€18M	-86.9%	18	-21.7%	—
2010	€43M	+141.6%	20	+11.1%	—
2011	€139M	+221.7%	41	+105.0%	—

Break down 2011 by period

Half-year

H1 H2

Quarters

Rank among sectors

3.7% of sector funding

Top-10 round share

79.6%

of disclosed capital

Funding by month

€ raised vs rounds, by month

Data table

	Funding	Rounds
Jan	€9.1M	3
Feb	€3.3M	3
Mar	€30M	3
Apr	€21M	4
May	€38M	9
Jun	€11M	2
Jul	€1.2M	3
Aug	€603k	3
Sep	€11M	4
Oct	€13M	3
Nov	€714k	2
Dec	€0	2

Top countries

by € raised

Data table

	Gaming — top countries by capital, 2011
Finland	€42M
UK	€30M
France	€23M
Germany	€22M
Türkiye	€11M
Russia	€7.1M
Spain	€3.6M
Ireland	€743k

Stage mix

by € raised

Data table

	Gaming — stage mix, 2011
Series A	€55M
Series B	€42M
Other	€29M
Seed	€4.2M
Growth/Late	€3.7M
Series C	€3.4M
Early VC	€2.4M

Exits & M&A

2 Acquisition · 1 IPO

3 exits · €479M disclosed.

NaturalMotion

Acquisition

Apr 2011

€479M

Largest equity rounds

by disclosed amount, 2011

Company	Stage	Date	Amount
Rovio	Series A	Mar 2011	€30M
Wooga	Series B	May 2011	€16M
Mediastay	Series B	Apr 2011	€15M
Playcast Media	Other	Jan 2011	€9.0M
Mind Candy	Other	Jun 2011	€9.0M
Supercell	Series A	May 2011	€8.1M
Peak Games	Series B	Sep 2011	€8.0M
Crowdpark	Other	Oct 2011	€5.4M
Kobojo	Series A	Apr 2011	€5.3M
We R Interactive	Other	May 2011	€4.5M

View all 41 Gaming deals in 2011 →

Top investors

most active in 2011, by deal count

Source: Tech.eu Funding Explorer · data as of 6 Nov 2026 · licence CC BY 4.0 · Methodology

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