Nitro Games


Company: Nitro Games Oyj

Transaction: Directed issue

Issue volume: 35.0 MSEK

Date: February 2021

Nitro Games is a free-to-play mobile game developer and publisher. Nitro Games team is a multinational group of mobile gaming professionals that has the expertise from development to publishing to live-operations. The Company focuses on producing mobile games with high production value for a midcore audience. Nitro Games is specialised in the category of shooter games. Nitro Games has developed games based on its own IP such as Lootland, Heroes of Warland, Medals of War, Raids of Glory. The company offers its services also to selected customers and has developed several successful projects to leading mobile gaming companies.

Nitro Games raised SEK 35.0 million in a directed issue to Swedish and Finnish investors, with strong support from current shareholder Egmont Holding Oy, among others.

The proceeds will primarily be used for the further development of the Company’s game portfolio of shooter games and therefore the journey towards Nitro Games’ vision of becoming a household name in the category of shooter games on mobile.

Augment acted as financial advisor to the company in the directed issue.