Griffin Gaming Partners Acquires 3.24% Stake in TinyBuild
Griffin Gaming Partners has acquired a 3.24% equity stake in independent game publisher and developer TinyBuild Games. This investment, made by the gaming-focused venture capital firm that manages $1.5 billion, supports TinyBuild's long-term strategy aimed at creating, owning, and expanding original game franchises. Founded in 2011, TinyBuild has established a portfolio of globally recognized intellectual properties while enhancing its network of development studios and capabilities across development, publishing, and transmedia entertainment.
Over the past decade, TinyBuild has successfully expanded its development and publishing operations while focusing on wholly owned global game franchises. Griffin's investment aligns with its strategy of supporting companies with unique intellectual property and strong creative talent, positioning them to thrive in the growing global games market. Although TinyBuild's share price has seen significant declines since its 2021 IPO, it has doubled in value over the past year, currently boasting a market cap of approximately £40 million.
Frankie Zhu of Griffin Gaming Partners stated, "We believe the indie gaming space remains a compelling area of the industry, continuing to produce a range of gaming franchises with established audiences." He noted TinyBuild's differentiated portfolio of IP as having significant long-term potential and expressed enthusiasm about becoming shareholders in the company.
Why it matters
TinyBuild CEO and co-founder Alex Nichiporchik welcomed Griffin Gaming Partners, highlighting their strong understanding of the industry and confidence in TinyBuild's strategy, focus on original IP, diversified portfolio, and long-term growth opportunities.
Original source
PocketGamer.biz
