WorldGaming Network LP
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WorldGaming Network LP - overview
Established
2010
Location
Toronto, ON, Canada
Primary Industry
Travel & Leisure
About
WorldGaming Network LP is an online gaming platform that facilitates competitive gaming and esports activities, connecting users to engage in a variety of gaming experiences in a structured environment. WorldGaming Network LP was founded in 2010 and is headquartered in Toronto, Canada. The company specializes in online gaming, providing services that allow users to connect and compete in various games. In September 2020, WorldGaming was acquired by Playfly, LLC, a portfolio company of SeventySix Capital, Access Holdings, and Sinclair Broadcast Group, although financial terms were not disclosed.
WorldGaming is primarily engaged in the online gaming industry, offering a platform that facilitates competitive gaming and esports activities. The company's core services include a suite of gaming options designed to enhance user interaction and foster a vibrant gaming community. Catering to a diverse customer base, WorldGaming addresses the needs of both casual gamers and competitive esports participants, ensuring a global reach across North America, Europe, and parts of Asia. WorldGaming generates revenue through a combination of subscription models and transaction-based fees.
Clients engage with the platform via various pricing plans, which may include tiered subscriptions for enhanced features and access to exclusive competitions. The revenue structure accommodates individual gamers and organizational clients, allowing for larger-scale tournaments and events supported by sponsorship agreements. Additionally, the platform may incorporate transaction fees for in-game purchases and premium memberships, creating a diverse revenue stream aligned with user needs. Future growth for WorldGaming Network LP will focus on releasing new products aimed at enhancing user experience and engagement.
Specific markets targeted for expansion include Europe and Asia by 2023. The recent acquisition by Playfly, LLC, is expected to facilitate these initiatives, leveraging resources for product development and market penetration. With the most recent deal occurring on September 17, 2020, the company is positioned to utilize these strategic advantages to support its growth plans.
Current Investors
Playfly, LLC
Primary Industry
Travel & Leisure
Sub Industries
Professional Sports/eSports
Website
www.worldgaming.com
Company Stage
Add-on
Total Amount Raised
Subscriber access only
WorldGaming Network LP - deals
| Deals Type | 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) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Add-on | Completed | WorldGaming Network LP | - |
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