What is Team17?
Founded in 1990 and headquartered in Wakefield, UK, Team17 Group operates as a developer, video games label, and a creative partner for game creators. The company has established a robust presence in the interactive entertainment industry, known for its diverse portfolio of titles and its support for independent developers. Its business model encompasses both internal development and strategic partnerships, positioning it as a key player in the global gaming market.
How much funding has Team17 raised?
Team17 has raised a total of $140.9M across 3 funding rounds:
Private Equity
$21.6M
Other Financing Round
$11.6M
Share Placement
$107.7M
Private Equity (2016): $21.6M with participation from Lloyds Development Capital
Other Financing Round (2016): $11.6M led by University of Pennsylvania
Share Placement (2022): $107.7M, investors not publicly disclosed
Key Investors in Team17
Lloyds Development Capital
LDC is the private equity arm of Lloyds Banking Group, specializing in investing in UK mid-market businesses across various sectors including TMT. They have a significant track record of supporting company growth through strategic financial backing.
University of Pennsylvania
The University of Pennsylvania, an Ivy League institution, participates in funding rounds, likely as part of its endowment management or strategic investment initiatives, supporting innovative ventures.
What's next for Team17?
The recent major strategic investment in Team17 Group suggests a focus on expanding its development capabilities, enhancing its publishing arm, or potentially pursuing strategic acquisitions. Given its history and the scale of its total funding, the company is likely in a mature growth phase, aiming to leverage this capital for further market penetration and innovation within the competitive video game landscape. Future developments may include the launch of new intellectual properties or the expansion of existing successful franchises.
See full Team17 company page
