About 704Games
704Games is a company based in Charlotte (United States) founded in 2015 was acquired by Motorsport Games in April 2021.. 704Games has raised $16 million across 4 funding rounds from investors including Motorsport Games, Gaming Nation Inc and Motorsport Network. 704Games offers products and services including Le Mans Ultimate, KartKraft, and rFactor 2. 704Games operates in a competitive market with competitors including Zynga, Rovio, Scopely, Take-Two Interactive and Jam City, among others.
- Headquarter Charlotte, United States
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Sectors
Media & Entertainment
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name 704Games Company
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$16 M (USD)
in 4 rounds
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Latest Funding Round
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Investors
Motorsport Games
& 3 more
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Employee Count
Employee Count
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Acquired by
Motorsport Games
(Apr 20, 2021)
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Products & Services of 704Games
704Games offers a comprehensive portfolio of products and services, including Le Mans Ultimate, KartKraft, and rFactor 2. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Immersive simulation for FIA World Endurance Championship racing
Realistic kart racing experience with dynamic gameplay features
Diverse platform for global racing simulations and events
Funding Insights of 704Games
704Games has successfully raised a total of $16M across 4 strategic funding rounds. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 4
- Last Round Last Round
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First Round
First Round
(10 Feb 2016)
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug, 2018 | Amount | Series A - 704Games | Valuation |
investors |
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| Apr, 2016 | Amount | Series A - 704Games | Valuation |
investors |
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| Mar, 2016 | Amount | Series A - 704Games | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in 704Games
704Games has secured backing from 4 investors, including institutional and venture fund investors. Prominent investors backing the company include Motorsport Games, Gaming Nation Inc and Motorsport Network. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Tech investments are made in US and Canadian early-stage firms.
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Founded Year | Domain | Location | |
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Global media company focusing on motor-sport and cars
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Founded Year | Domain | Location | |
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Providing technology & information platforms to the sports & entertainment industry.@FantasyFeud@5050_Central@FantasyGuruSite#PickNation
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by 704Games
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - 704Games
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
704Games Comparisons
Competitors of 704Games
704Games operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Zynga, Rovio, Scopely, Take-Two Interactive and Jam City, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Casual games developer and publisher for mobile and web platforms
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| domain | founded_year | HQ Location |
Mobile game developer specializing in casual games
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| domain | founded_year | HQ Location |
Casual mobile games are developed, published, and operated across platforms.
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| domain | founded_year | HQ Location |
Video games for PC and console platforms are developed.
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| domain | founded_year | HQ Location |
Mobile games are developed and published by Jam City.
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| domain | founded_year | HQ Location |
Developer of mobile and PC-based casual games
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about 704Games
When was 704Games founded?
704Games was founded in 2015 and raised its 1st funding round 1 year after it was founded.
Where is 704Games located?
704Games is headquartered in Charlotte, United States. It is registered at Charlotte, North Carolina, United States.
Is 704Games a funded company?
704Games is a funded company, having raised a total of $16M across 4 funding rounds to date. The company's 1st funding round was a Series A of $4M, raised on Feb 10, 2016.
What does 704Games do?
704Games was established in 2015 in Charlotte, United States, as a mobile game development and publishing entity. Focus is placed on racing and strategy genres, with titles such as NASCAR Heat Mobile and NASCAR Manager produced for iOS and Android platforms. Operations involve game creation and distribution, where revenue is derived mainly from advertisements and in-app purchases within the mobile gaming sector.
Who are the top competitors of 704Games?
What products or services does 704Games offer?
704Games offers Le Mans Ultimate, KartKraft, and rFactor 2.
Who are 704Games's investors?
704Games has 4 investors. Key investors include Motorsport Games, Gaming Nation Inc, Motorsport Network, and Leo Capital Holdings.