Shiro Games Asset Profile

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Year established

2012

Location

Bordeaux France

Primary Industry

Software

About

Based in Bordeaux, France, and founded in 2012, Shiro Games operates as a game studio that focuses on the development of online games. The company was co-founded by Nicolas Cannasse (Chief Executive Officer), and Sebastien Vidal, and in October 2022, Cathay Capital invested USD 48.56 million in Shiro Games. As of November 2022, the firm employs 60 employees. Shiro Games primarily develop online games that are compatible with PCs (Personal Computers), consoles, and mobile devices. As of 2022, the company’s game portfolio includes Dune: Spice Wars and Wartales; Northgard; Darksburg, Evoland, and Evoland II. The firm also operates a publishing arm under the label, Shiro Unlimited, to support emerging studios as well as independent game developers. The company intends to use the October 2022 funding to fuel the development of its two new unannounced projects.

Current Investors

Cathay Capital

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Primary Industry

Software

Sub Industries

Gaming

Website

www.shirogames.com

Company Stage

Mature - Growth Capital

Total Amount Raised

Subscriber access only

Deals

Deals Type
Growth

Deal Status	Target (s)	Deal Date	Investor(s)	Seller(s)	Deal size (Mn)	Enterprise value (Mn)	Post-money valuation (Mn)	EBITDA multiple (x)	Revenue multiple (x)	Lead partner (s)
Completed	Shiro Games	11 Oct 2022

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