About Hutch
Hutch is a company based in London (United Kingdom) founded in 2011 was acquired by Modern Times Group in December 2020. It operates as a Freemium. Hutch has raised $5.5 million across 2 funding rounds from investors including Modern Times Group, Backed and Index Ventures. Hutch offers products and services including F1 Clash, Matchcreek Motors, and Top Drives. Hutch operates in a competitive market with competitors including Codemasters, Spektra, Grease Monkey Games, Ultimate Studio and Revani, among others.
- Headquarter London, United Kingdom
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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 Hutch Games Ltd.
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$5.5 M (USD)
in 2 rounds
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Latest Funding Round
$5.5 M (USD), Series A
Feb 02, 2017
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Investors
Modern Times Group
& 3 more
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Employee Count
Employee Count
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Acquired by
Modern Times Group
(Dec 08, 2020)
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Products & Services of Hutch
Hutch offers a comprehensive portfolio of products and services, including F1 Clash, Matchcreek Motors, and Top Drives. 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.
A racing game featuring Formula 1 competition and rewards.
A game combining car restoration with match-3 gameplay.
A card-based racing game focused on car collection.
Funding Insights of Hutch
Hutch has successfully raised a total of $5.5M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $5.5 million completed in February 2017. 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 — $5.5M
- First Round First Round
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Feb, 2017 | Amount | Series A - Hutch | Valuation | Backed , Index Ventures |
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| Feb, 2015 | Amount | Seed - Hutch | Valuation | Initial Capital , Index Ventures |
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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 Hutch
Hutch has secured backing from 4 investors, including venture fund and institutional investors. Prominent investors backing the company include Modern Times Group, Backed and Index Ventures. 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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Venture capital firm providing seed funding and community support to founders
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Founded Year | Domain | Location | |
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Venture capital investments in technology startups and entrepreneurs.
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Founded Year | Domain | Location | |
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Investments are directed toward seed and early-stage tech companies.
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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 Hutch
| 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 - Hutch
| 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 |
Hutch Comparisons
Competitors of Hutch
Hutch 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 Codemasters, Spektra, Grease Monkey Games, Ultimate Studio and Revani, 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 |
Video game developer specializing in core games
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| domain | founded_year | HQ Location |
Mobile casual games specializing in car racing simulations are developed.
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| domain | founded_year | HQ Location |
Mobile racing games are developed for PC and mobile platforms.
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| domain | founded_year | HQ Location |
Casual racing games for mobile platforms are developed.
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| domain | founded_year | HQ Location |
Develops innovative technologies for 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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Latest news on Hutch
Frequently Asked Questions about Hutch
When was Hutch founded?
Hutch was founded in 2011 and raised its 1st funding round 4 years after it was founded.
Where is Hutch located?
Hutch is headquartered in London, United Kingdom. It is registered at London, England, United Kingdom.
Is Hutch a funded company?
Hutch is a funded company, having raised a total of $5.5M across 2 funding rounds to date.
What does Hutch do?
Hutch Games Ltd. is involved in the creation and distribution of mobile games, primarily focusing on racing and automotive themes. The company operates within the gaming sector, offering titles such as F1 Clash, Matchcreek Motors, and Top Drives. These games are designed to provide engaging experiences through competitive racing, car customization, and strategic gameplay. Based in London, with additional offices in Dundee and Nova Scotia, Hutch emphasizes a unique approach to game development and a balanced work environment for its team.
Who are the top competitors of Hutch?
Hutch's top competitors include Codemasters, Spektra and Ultimate Studio.
What products or services does Hutch offer?
Hutch offers F1 Clash, Matchcreek Motors, and Top Drives.
Who are Hutch's investors?
Hutch has 4 investors. Key investors include Modern Times Group, Backed, Index Ventures, and Initial Capital.
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