Plug In Digital raises $75 Million in Series B funding
Plug In Digital raises $75 Million, expanding global footprint with multi-platform IP publishing deals and strategic investments.
Montpellier, France – November 24, 2021
Plug in Digital, one of the game industry’s largest independent publishing and distribution companies, has orchestrated a $75mm funding round with Bridgepoint Development Capital, with financing provided by Eurazeo. Plug In Digital will continue to operate independently in the games space and expand its publishing and distribution portfolio, increasing its footprint in both the digital and physical space with global, multi-platform IP.
“We have been following the video games sector closely for a period of time and are impressed by Plug In Digital’s journey to-date,” said Olivier Nemsguern, partner at Bridgepoint Development Capital. “The company is well-positioned and has built a great brand in the publishing space, relying on its committed and skilled leadership team. We look forward to partnering with the company during its next chapter of development.”
Plug In Digital was founded in 2012, quickly growing into a full-service games distributor and publisher for today’s most exciting games across PC, cloud, console and mobile platforms. The company’s two publishing labels, Dear Villagers and PID Games, boast an impressive portfolio that spans a variety of today’s most popular genres, reaching players across all platforms and delivering playful, distinctive and audacious games to global audiences.
“We are excited to work with Bridgepoint for the next steps of our ambitious development project”, said Francis Ingrand, CEO of Plug In Digital. “We are confident they are the right partner to accompany us in our growth journey, mixing organic development and targeted strategic acquisitions. We are pleased to have attracted Bridgepoint who believes in our differentiating model, our strategic direction and our people.”
Plug In Digital has seen a 50 percent+ yearly growth over the past five years, hitting a successful stride with its flagship publishing label Dear Villagers which has launched more than eight cross-platform, cross-gen titles into the global games marketplace since its inception in early 2019. One of its most recent titles, The Forgotten City, has been lauded by international critics for its unique, eye-catching design as well as its exceptional narrative and dialogue and has been a remarkable commercial hit. PID Games, the second label under the Plug In Digital umbrella, is focused on offering studios a flexible publishing or co-publishing support on PC, Console and Mobile. PID is on track to publish 30 games this year from its global development partners.
Bridgepoint Group plc is the world’s leading quoted private assets growth investor focused on the middle-market with over €28 billion AUM and a local presence in the US, Europe and China. We specialize in private equity and private credit and invest internationally in six principal sectors – business services, consumer, financial services, healthcare, advanced industrials, and technology.
About Eurazeo Private Debt
Eurazeo Private Debt is a leading player in mid-market private debt in Europe. Eurazeo’s Private Debt team, with a diversified portfolio of €5+ billion in Assets Under Management, arranges senior or subordinated debt for European SMEs valued at between €30 million and €300 million.
Since its creation in 2007, the team has arranged 250+ transactions across Europe. Drawing on the experience of its 21 international members, the team focuses on high-growth sectors and provides tailored, innovative and responsible funding aligned with O+, Eurazeo’s ambitious ESG strategy.
Eurazeo Private Debt has offices in Paris, Frankfurt and Madrid.
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