Metaboli raises €6m to accelerate its European development and welcomes Intel Capital, Innovacom and Alven Capital
Transaction managed by Clipperton Finance
Paris, November 24, 2005 - Metaboli, european leader in the digital distribution of video games, has today announced the conclusion of its second round of funding for a total of 6 million Euros.
The three new investors in Metaboli are Intel Capital, Innovacom and Alven Capital. This new round of funding will help Metaboli accelerate its european expansion and further consolidate its place as the leader in this market in Europe. For this transaction, Metaboli was advised by Clipperton Finance, an advisory firm specializing in High-Tech and Media. “We are glad that we were able to build up such a successful team of investors for the company, with strong industrial and international backgrounds” explained Stéphane Valorge and Nicolas von Bülow from Clipperton Finance.
Formed in 2001 by a group of PC gamers specialized in high speed internet connections, Metaboli offers via download and by subscription, the most attractive games catalogue in the world with games from Atari, Dreamcatcher, Eidos, Sega, THQ and UbiSoft. This agreement with Microsoft consolidates Metaboli’s position as the leader in this market. Metaboli distributes its service via Internet Service Providers and large Internet Sites for whom Metaboli creates co-branded gateway-sites like, for example http://jeuxvideo.wanadoo.fr for Wanadoo France. The service is distributed in the same way by AOL France, Club-Internet (T-Online France), Noos, Tele2, NC-Numéricâble Gamekult.com, Clubic.com, GameOne, Allocine.com (and, of course, by Wanadoo France). The Metaboli service is also distributed on www.metaboli.com.
About Clipperton Finance
Based in Paris and London, Clipperton Finance is a European corporate finance boutique dedicated to the High Tech and Media industries. Clipperton is focused on start-up and high-growth companies in the Internet, Software, Telecom, Components, CleanTech, MedTech and Media spaces, advising them in their financial transactions: fundraising/capital increases and Mergers & Acquisitions. Over the past years the company and its team have successfully structured numerous high level international transactions in the European High Tech sector.