Candivore

growth-positive

US private equity firm Haveli Investments has acquired a minority interest in Israeli mobile games company Candivore for $100 million. The investment will be funded from Haveli VC Gaming Fund I, L.P. Candivore, known for its hit multiplayer match-3 puzzle game Match Masters, has seen over 50 million downloads and generated more than $300 million in revenue. The investment will enable Candivore to further grow Match Masters in the US and beyond and bring additional games to market over time.

growth-positive

Israeli gaming startup Candivore has raised $10 million in a funding round led by Vgames and Tiger Global Management. This brings the total fundraising to $22 million. Candivores mobile game, Match Masters, has over 30 million downloads and 5 million monthly active users. The funding coincides with an upcoming ad campaign in the UK featuring Robbie Williams and Vinnie Jones. Match Masters is a PvP competition game that generates significant revenue, earning $7 million in March 2022. The CEO of Candivore expressed excitement about the partnership with Vgames and the opportunities for growth in the mobile gaming market.

Growth-Positive

The article discusses the growth and potential of various Israeli startups in 2021. It highlights the significant increase in investments in these startups, with over $25 billion raised in 2021, compared to $6.5 billion in 2018. The article also emphasizes the importance of sustainable business models and actual revenue generation for these startups. Some of the startups mentioned include Optibus, Trigo, Ramon.Space, Connecteam, Candivore, ActiveFence, Artlist, StreamElements, and Empathy. These startups operate in diverse sectors such as public transportation, retail technology, space industry, HR-Tech, gaming, digital content protection, digital assets, live video broadcasts, and bereavement support.

growth-positive

Candivore, the creator of the mobile game Match Masters, has raised $12 million in funding. Match Masters is a match-3 puzzle game with a competitive player-vs.-player twist. The game has over a million monthly active users and is a popular subgenre in the U.S. iPhone game market. Candivore was formed by the founders of Funtomic, who bought back the Match Masters game after it was discontinued by Azerion. The funding will be used for user acquisition. The companys mission is to create positive gaming experiences, and they do not plan to start new projects or significantly grow the team in 2021.