About Forgame
Forgame is a company based in Guangzhou (China) founded in 2009.. Forgame has raised $72.79 million across 2 funding rounds from investors including Qiming Venture Partners, TA Associates and Ignition Capital. The company has 46 employees as of December 31, 2024. Forgame has completed 1 acquisition, including Beijingxiguahuyuentertainmenttechnology. Forgame operates in a competitive market with competitors including Playtika, Playco, Moon Active, MIXI and Thatgamecompany, among others.
- Headquarter Guangzhou, China
- Employees 46 as on 31 Dec, 2024
- Stage Public
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Sectors
Media & Entertainment
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Forgame Holdings Ltd.
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Annual Revenue
$11.53 M (USD)34.66as on Dec 31, 2024
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Net Profit
$-8.28 M (USD)-230.32as on Dec 31, 2024
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EBITDA
$-5.76 M (USD)-210.69as on Dec 31, 2024
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Total Equity Funding
$72.79 M (USD)
in 2 rounds
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Latest Funding Round
$4 M (USD), Series A
Apr 01, 2013
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Investors
Qiming Venture Partners
& 2 more
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Employee Count
46
as on Dec 31, 2024
- Investments & Acquisitions
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IPO & Listings of Forgame
Forgame is a publicly listed company on the HKEX with ticker symbol 484 in Hong Kong, operating in the Technology services sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
Funding Insights of Forgame
Forgame has successfully raised a total of $72.79M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $4 million completed in April 2013. 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 2
- Last Round Series A — $4.0M
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First Round
First Round
(01 Jun 2012)
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr, 2013 | Amount | Series A - Forgame | Valuation |
investors |
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| Jun, 2012 | Amount | Series A - Forgame | Valuation |
investors |
| 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 Forgame
Forgame has secured backing from 3 investors, including venture fund investors. Prominent investors backing the company include Qiming Venture Partners, TA Associates and Ignition Capital. 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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Multiple sectors are invested in by private equity firm TA.
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Founded Year | Domain | Location | |
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Founded Year | Domain | Location | |
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Venture capital investments are directed toward multiple sectors.
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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 Forgame
Forgame has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Beijingxiguahuyuentertainmenttechnology. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| 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 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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0 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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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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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Forgame
| 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 |
Forgame Comparisons
Competitors of Forgame
Forgame 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 Playtika, Playco, Moon Active, MIXI and Thatgamecompany, 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 are developed for mobile and web platforms.
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| domain | founded_year | HQ Location |
Developer of social web games for PC and console
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| domain | founded_year | HQ Location |
Mobile and social games developer
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| domain | founded_year | HQ Location |
Mobile games and social platforms are developed and published.
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| domain | founded_year | HQ Location |
Developer of PC and mobile-based games
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| domain | founded_year | HQ Location |
Golf-focused video games are developed and published independently.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| 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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Latest news on Forgame
Frequently Asked Questions about Forgame
When was Forgame founded?
Forgame was founded in 2009 and raised its 1st funding round 3 years after it was founded.
Where is Forgame located?
Forgame is headquartered in Guangzhou, China. It is registered at Guangzhou, Guangdong, China.
Is Forgame a funded company?
Forgame is a funded company, having raised a total of $72.79M across 2 funding rounds to date. The company's 1st funding round was a Series A of $68.79M, raised on Jun 01, 2012.
How many employees does Forgame have?
As of Dec 31, 2024, the latest employee count at Forgame is 46.
What is the annual revenue of Forgame?
Annual revenue of Forgame is $11.53M as on Dec 31, 2024.
What does Forgame do?
Forgame Group (Forgame or the Group) is a leading developer and publisher of webgames in China with a fast-growing mobile game business. Established in 2009, Forgame has successfully developed and launched over 30 easy-to-access, highly engaging and popular games. Forgames publishing platform, 91wan, published 79 self-developed and licensed webgames, and had attracted over 179 million registered players as of June 30, 2013. The games can be played on both 91wan, and through an extensive network of more than 350 publishing partners, including popular websites operated by Tencent, Qihoo360, YY and 4399. This integrated business model creates synergies that improve its overall performance. All games developed or published by the Group adopt an item-based revenue model, in which players have free access to games and can purchase virtual items that improve their in-game experience.
Who are the top competitors of Forgame?
Forgame's top competitors include Playco, Playtika and Thatgamecompany.
Is Forgame publicly traded?
Yes, Forgame is publicly traded on HKEX under the ticker symbol 484.
How many acquisitions has Forgame made?
Forgame has made 1 acquisition, including Beijingxiguahuyuentertainmenttechnology.
Who are Forgame's investors?
Forgame has 3 investors. Key investors include Qiming Venture Partners, TA Associates, and Ignition Capital.
What is Forgame's ticker symbol?
The ticker symbol of Forgame is 484 on HKEX.
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