French Mobile Games Publisher Homa Secures $100M in Series B led by Quadrille Capital

Homa offers a full stack of developer tools, data insights, and revenue generation.
Image source: Homa

Quick take:

  • Homa has published more than 80 games since its founding in 2018.
  • The company partnered with Sorare this year to build new experiences in the web3 space.
  • Homa aims to build a universe of interconnected games and to give the community ownership of its favorite Homa characters.

Parisian mobile games publisher, Homa, today announced that it has raised $100 million in a Series B round co-led by Quadrille Capital and Headline, with participation from Northzone, the leading web3 investor Fabric Ventures, Bpifrance (Large Venture), Eurazeo and Singular.

The new funding comes a year after Homa’s $65 million Series A round, and will support scaling the business through investments in tech and data products, expanding the team, executing new partnerships, and doing strategic acquisitions.

Founded in 2018 by Daniel Nathan and Olivier Le Bas, Homa develops technologies that increase the execution speed of game developers through every step of the app production and publishing cycle.

The company’s tech platform, Homa Lab delivers market insights, ideas, analytics, and A/B testing capabilities to studios. Creators can start using Homa Lab and go from building their first prototype to monetizing and optimizing the growth of their first hit, all within the same platform. 

With the fresh funding, Homa Lab will be a key area of investment for the company, with significant releases expected to add further value to the creators’ toolkit in the coming months.

“Homa’s all-in-one platform empowers independent developers globally to reach the production and marketing capabilities of large studios. We were impressed by the team assembled by Daniel and Olivier, demonstrating a rare combination of vision, flawless execution and relentless work ethic,” said Brice Delome from Quadrille Capital on the VC’s investment.

Since 2018, Homa has published more than 80 games downloaded by over 1 billion people, across hypercasual, arcade idle, casual, and board genre categories. Among these games, Merge Master which was launched in January 2022 was the top mobile game by worldwide downloads for March 2022, according to Sensor Tower data, with 28.3 million installs.

Homa has also begun a collaboration with NFT fantasy football gaming platform Sorare this year and is investing to build new experiences in the web3 space, which enables virtual worlds and economies to be owned and controlled by their creators, contributors and participants.

The company aims to build a universe of interconnected games and to give the community ownership of its favourite Homa characters, such as Valentine from SkyRoller which has already grown a community of 255k people on TikTok.

“The Homa engine has enabled developers and studios to produce hit games with a data-driven toolbox focused on optimizing core game loops and monetization. Having worked with the likes of Sorare, Decentraland and Axie Infinity, we are convinced that introducing digital assets into mobile games is the next major evolution that will create entire virtual economies and bring the first billion users to Web3”, said Max Mersch from Fabric Ventures.

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