Fnatic Limited
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Fnatic Limited - overview
Established
2004
Location
London, -, UK
Primary Industry
Software
About
Based in the UK, Fnatic Limited is an esports organization specializing in high-performance gaming peripherals, apparel, and competitive gaming. They cater to both casual and professional gamers, enhancing their gaming experience through innovative products and events. Fnatic Limited, founded in 2004 in London, UK, is dedicated to the esports industry, providing gaming peripherals and fostering competitive teams. The company has successfully raised GBP 7.
68 mn in its latest funding round on November 30, 2022, led by Beringea Private Equity, contributing to a total funding of GBP 7. 68 mn, with a current valuation of GBP 84. 62 mn. The company is led by founder and CEO Sam Mathews, who has a notable background in the gaming sector.
Fnatic offers a comprehensive range of high-performance gaming peripherals, including keyboards, mice, headsets, and apparel designed for gamers. Their products are aimed at enhancing user experience by ensuring reliability, comfort, and style. With a customer base across North America, Europe, and Asia, Fnatic engages both competitive and casual gamers. Additionally, the organization participates in esports events and operates professional teams in various game titles to strengthen its brand presence in the gaming community.
In the most recent fiscal year 2023, Fnatic reported a revenue of GBP 22,109,935. 70, alongside an EBITDA of GBP -3,630,518. The company's revenue streams consist primarily of direct-to-consumer sales and partnerships, including subscriptions, merchandise sales, and collaborations with gaming hardware retailers. Fnatic plans to utilize the GBP 7.
68 mn raised in November 2022 to enhance partnerships and develop native Web3 applications aimed at improving gamer performance. The organization is focused on expanding its product line with new gaming peripherals and apparel. Additionally, Fnatic aims to penetrate new geographic markets, including Asia and North America, to reach a broader audience by 2025.
Current Investors
Volta Global, Raptor Capital Management, Hersh Interactive Group
Primary Industry
Software
Sub Industries
Consumer Electronics, Professional Sports/eSports, Gaming
Website
www.fnatic.com
Verticals
Augmented Reality (AR), Big Data, E-commerce, Virtual Reality (VR)
Company Stage
Growth Stage/Expansion
Total Amount Raised
Subscriber access only
Fnatic Limited - financials
| Fiscal Year Ended | Dec 31, 2019 | Dec 31, 2020 | Dec 31, 2021 | Dec 31, 2022 | Dec 31, 2023 | Dec 31, 2024 |
|---|---|---|---|---|---|---|
| Revenue (USD) | 10,231,170 | 11,276,288 | 14,470,553 | - | - | - |
| % Revenue Growth (YoY) | - | 10.2% | 28.3% | - | - | - |
| EBITDA (USD) | (8,572,031) | (5,635,036) | (4,942,405) | - | - | - |
| Operating Income (USD) | (9,094,536) | (6,286,198) | (5,808,882) | - | - | - |
| Operating Margin | (88.9%) | (55.7%) | (40.1%) | - | - | - |
| % EBITDA Margin | (83.8%) | (50.0%) | (34.2%) | - | - | - |
| NET Income (USD) | (8,608,648) | (6,403,450) | (5,827,588) | - | - | - |
| % Net Margin | (84.1%) | (56.8%) | (40.3%) | - | - | - |
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