Technology

Brazilian game startup Wildlife is worth $3 billion after new investment

The startup saw its user base grow between 30% and 50% in the last five months

Wildlife Studios office
Wildlife Studios office. Photo: Wildlife Studios
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  • Wildlife raised a $120 million investment round from the American fund Vulcan Capital;
  • The games industry is growing amid the social distancing period to prevent Covid-19.

Nine months after becoming a unicorn, the Brazilian mobile game startup Wildlife received a new $120 million investment round from the American fund Vulcan Capital and now it is valued at $3 billion, reports Exame.

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Founded by the Brazilian brothers Victor and Arthur Lazarte and Chilean Michael Mac-Vicar, the startup caught investors attention amid the Covid-19 pandemic, boosted by the soaring growth of mobile games in social distancing period. Exame says that the company has accumulated more than 2.6 billion downloads and has seen its user base in its main games, Tennis Clash, Zooba and Sniper 3D, grow between 30% and 50% in the last five months.

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Vulcan Capital already invested in tech giants like Uber and Spotify and in 2018, it participated in the $1.25 billion round of Epic Games, the company that owns Fortnite, valued at $17.3 billion in August 2020.