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§ Venture Capital · Singapore, Central Region, Singapore
Digital entertainment company developing and publishing online games for PC and mobile gamers, focused on esports and gaming communities.
Garena has raised $170.0M across 1 funding round.
Key people at Garena.
Garena has raised $170.0M in total across 1 funding round.
Garena is a Singapore-based digital entertainment company that develops and publishes online games for both PC and mobile platforms. The organization operates the social gaming platform Garena+ and is best known for its proprietary battle royale title Free Fire, which has achieved over 1 billion downloads and reached 150 million daily active users globally. Operating as the digital entertainment arm of Sea Ltd, the company contributed to its parent's corporate growth, which included securing $550 million in funding before a 2021 United States initial public offering filing that valued the broader enterprise at $1 billion. The gaming division is currently led by President Terry Zhao and generates its revenue primarily through in-game purchases and regional publishing partnerships across the broader Southeast Asia and Asia Pacific markets. Garena was originally founded in 2009 by Forrest Li.
Key people at Garena.
Garena has raised $170.0M in total across 1 funding round.
Garena's investors include Khazanah Nasional Berhad.
Garena has raised $170.0M across 1 funding round. Most recently, it raised $170.0M Series D in March 2016.
| Date | Company | Round | Lead Investor(s) | Co-Investor(s) |
|---|---|---|---|---|
| May 1, 2021 | Double Loop Games | $8.0M Series A | Hiro Capital | Backed VC, Boost VC, Craft Ventures, Play Ventures, Eytan Elbaz, George Godula, London Venture Partners, Riot Games |
| Aug 20, 2015 | RedMart | $26.7M Other Equity | Eduardo Saverin, Garena, Softbank Ventures Asia, Visionnaire Ventures | FAR East Ventures |
| Jul 18, 2013 | RedMart | $4.6M Series A | Garena | Toivo Annus |
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Mar 31, 2016 | $170M Series D | Khazanah Nasional Berhad | — | Announced |
