Total amount raised
$390.5 Million
Latest funding date
01/01/2022
Location
Mobile Premier League (MPL) has established itself as a prominent platform where users can engage in various games. Despite recent changes in its offerings due to legal compliance, MPL continues to attract attention in the gaming industry.
Keep reading to explore the intricacies of MPL's fundraising journey and the investors backing this innovative platform.
What Is Mobile Premier League?
Mobile Premier League (MPL) is a prominent player in the online gaming industry. The platform offers a variety of games, attracting a significant user base despite recent changes in its offerings due to legal compliance.
While specific details such as the founding year, location, and founder names are not readily available, MPL continues to be a notable name in the gaming sector. The company remains focused on providing engaging gaming experiences to its users.
How Much Funding Has Mobile Premier League Raised?
- Pre-Seed Round
- Amount Raised: Not publicly disclosed
- Date: May 2018
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To kickstart the platform and develop initial offerings.
- Seed Round
- Amount Raised: USD 5,000,000
- Date: November 2018
- Lead Investors: Sequoia Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand the platform's game offerings and user base.
- Series A
- Amount Raised: USD 35,500,000
- Date: April 2019
- Lead Investors: GO Ventures, Peak XV Partners, Times Internet
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and enhance technology infrastructure.
- Series C
- Amount Raised: USD 90,000,000
- Date: September 2020
- Lead Investors: MDI Ventures, Pegasus Tech Ventures, RTP Global, SIG Global India Fund
- Valuation at Round: USD 945,000,000
- Motivation Behind the Round: To support global expansion and invest in home-grown technology.
- Series D
- Amount Raised: USD 95,000,000
- Date: February 2021
- Lead Investors: Composite Capital Management, Moore Strategic Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance the gaming experience and expand the user base.
- Series E
- Amount Raised: USD 150,000,000
- Date: September 2021
- Lead Investors: Legatum
- Valuation at Round: USD 2,300,000,000
- Motivation Behind the Round: To finance global expansion and drive growth in the Indian market.
- Series Unknown
- Amount Raised: USD 15,000,000
- Date: January 2022
- Lead Investors: Alameda Research
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further expand the platform's offerings and market reach.
Total Amount Raised: USD 430,500,000. Current Valuation: USD 2,300,000,000.
Key Investors
- Legatum Capital
- Details: Legatum Capital is a private investment firm that led the Series E funding round for Mobile Premier League. The firm's CEO, Mark Stoleson, will join the MPL board.
- Investment Focus Areas: Long-term investments, companies creating long-term value.
- Notable Investments: Not publicly disclosed.
- Sequoia Capital
- Details: Sequoia Capital is a prominent venture capital firm known for its investments in technology companies. It has been an existing investor in Mobile Premier League.
- Investment Focus Areas: Technology companies, startups, growth-stage companies.
- Notable Investments: Apple, Google, Airbnb.
- Moore Strategic Ventures
- Details: Moore Strategic Ventures is a strategic investment firm that participated in multiple funding rounds for Mobile Premier League. It focuses on strategic investments across various sectors.
- Investment Focus Areas: Strategic investments, various sectors.
- Notable Investments: Not publicly disclosed.
- RTP Global
- Details: RTP Global is an early-stage venture capital firm that has invested in Mobile Premier League. The firm focuses on technology investments.
- Investment Focus Areas: Early-stage technology investments.
- Notable Investments: Not publicly disclosed.
- Play Ventures
- Details: Play Ventures is a venture capital firm specializing in gaming and interactive entertainment. It is an existing investor in Mobile Premier League.
- Investment Focus Areas: Gaming, interactive entertainment.
- Notable Investments: Not publicly disclosed.
What's Next for Mobile Premier League?
Mobile Premier League (MPL) is poised for significant growth, with opportunities in global expansion, technology investment, and the burgeoning Indian market. The platform's valuation at $2.3 billion and its user base of over 85 million highlight its potential. The recent Series E funding round, led by Legatum Capital, underscores investor confidence in MPL's future.
Future fundraising opportunities seem promising as MPL continues to scale. The company's trajectory suggests potential for additional rounds to support its ambitious plans. However, MPL may face challenges such as regulatory hurdles, intense competition, and the need to maintain user engagement across diverse markets.
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