Gigantic Overview
Gigantic develops mobile arcade games connected to physical counterparts, with players controlling real machines through the use of mobile apps. Gigantic was founded with the aim of creating innovative, high-quality entertainment by connecting physical objects to virtual games. The companys first game, Clawee, features real claw machines that are playable through a mobile app.
Cumulative Funding Raised Over Time ($)
$7.0MDec 2020
$14.0MJul 2022
Latest News
growth-negative
The court trustee favored Fankong Global’s offer to save the Israeli gaming company.
Gigantic, an Israeli gaming company known for its Clawee app, is set to be acquired by Cyprus-based Fankong Global. The company, which has accumulated debts of approximately $10.8 million, filed for court protection and appointed a trustee to manage its rehabilitation. The trustee recommended selling Gigantics shares to Fankong Global for $360,000, as it would allow the company to be sold debt-free and facilitate a faster regulatory approval process. Gigantic, founded in 2017, previously raised $19 million from investors and at its peak employed over 120 people. Currently, it employs only 16 staff members.
Acquired-by
growth-negative
חברת המשחקים שגייסה 19 מיליון דולר מוצעת למכירה ב-1.3 מיליון שקל
The Israeli startup Gigantic, known for developing the Clawee app that allows users to remotely control physical gaming machines, is facing financial difficulties due to a problematic business model. As part of a recovery plan, a trustee has proposed selling the company to a Cypriot firm, free of its 39 million shekel debt. This move is aimed at stabilizing the companys financial situation and ensuring its continued operation. The acquisition is seen as a necessary step to address the companys challenges and secure its future.
Acquired-by
growth-negative
Gaming startup Gigantic requests court freeze after amassing $10.7M debt | CTech
Gigantic, an Israeli gaming company known for its Clawee app, is facing significant financial challenges and has requested a court-appointed trustee to help rehabilitate the company. The company has accumulated debts of approximately NIS 39 million ($10.7 million) and is struggling to raise funds amid ongoing financial difficulties. Gigantic has raised around $19 million over the years from investors such as MoreTech Ventures, VGames, and NFX. The company, which once employed over 120 people, now has only 16 employees after recent cutbacks. Gigantic is seeking to maintain operations on a limited scale to secure investment or complete a sale transaction.
InvestmentLayoffs
growth-positive
Gigantic raises $7 million to bring arcade-based claw machines online CTech
Gigantic, an Israeli startup that develops mobile arcade games connected to physical counterparts, has raised $7 million in a funding round co-led by MoreTech Ventures, NFX, and Vgames. The companys first game, Clawee, reached the top 30 most downloaded games in the U.S. and was also one of the top 100 grossing games. The funding will help the company maintain its leading position in the growing connected reality genre and continue to innovate and improve its game.
Investment
growth-positive
Hitting the jackpot: Clawee is the next stage in gaming
Gigantic, the company behind the Clawee game app, has seen significant growth with 1.5 million people playing each month and another million watching. The app allows users to operate a claw machine remotely, with the prize delivered to their home. Gigantic was founded by Ron Brightman and Oded Frommer, who raised $2 million in their first financing round, mainly from angel investors. The company has grown from four to 400 machines and employs 100 people. Gigantic is now looking to expand into other games and is considering incorporating non-fungible tokens (NFTs) into their platform.
CustomersInvestmentExpand
| Sector | Media & Entertainment Technologies |
Funding
| Total funding | $14M |
| Last funding | $7M |
| Stage | Acquired |
| Rounds | 2 |
| Investors | 4 |
Team Members
1
Employees: 11-50
Web & Social Links
| App Store | App Store |
| Google Play | Google Play |
Locations
Tvu'ot ha-Arets St 3, Tel Aviv-Yafo, Israel
Photos & Videos
2 item(s)
Gigantic Business
Business models
B2C
Product stage
Released
Employees
11-50
Sector
Media & Entertainment TechnologiesDigital Content Engagement & EntertainmentTarget Customer
ConsumersRecreational & LifestyleGamersCore Technology
Platforms & InterfacesMobileTags (3)
mobile-gamesentertainmentgamesGeographic Markets
GlobalGigantic Financials
$14M
Total funding
Undisclosed
Capital raised
$7M
Last funding
Acquired
Funding stage
2
Total rounds
4
Investors
Cumulative Funding Raised Over Time ($)
$7.0MDec 2020
$14.0MJul 2022
Private Equity Funding
A Round
Jul 2022
$7M
MoreTech Ventures (Lead), VGames (Lead), NFX Capital (Lead)
A Round
Dec 2020
$7M
NFX Capital (Lead)
,
Union Tech Ventures, VGames
Public Offering / Exit
MNAEvent
Jan 2025
$360K
Gigantic Lifecycle
Cumulative Funding Raised Over Time
$7.0MDec 2020
$14.0MJul 2022
All Events
A Round
Jul 2022
$7M
MoreTech Ventures (Lead), VGames (Lead), NFX Capital (Lead)
A Round
Dec 2020
$7M
NFX Capital (Lead)
,
Union Tech Ventures, VGames
MNAEvent
Jan 2025
$360K
Gigantic News
8 articles
growth-negative
The court trustee favored Fankong Global’s offer to save the Israeli gaming company.
Gigantic, an Israeli gaming company known for its Clawee app, is set to be acquired by Cyprus-based Fankong Global. The company, which has accumulated debts of approximately $10.8 million, filed for court protection and appointed a trustee to manage its rehabilitation. The trustee recommended selling Gigantics shares to Fankong Global for $360,000, as it would allow the company to be sold debt-free and facilitate a faster regulatory approval process. Gigantic, founded in 2017, previously raised $19 million from investors and at its peak employed over 120 people. Currently, it employs only 16 staff members.
Acquired-by
growth-negative
חברת המשחקים שגייסה 19 מיליון דולר מוצעת למכירה ב-1.3 מיליון שקל
The Israeli startup Gigantic, known for developing the Clawee app that allows users to remotely control physical gaming machines, is facing financial difficulties due to a problematic business model. As part of a recovery plan, a trustee has proposed selling the company to a Cypriot firm, free of its 39 million shekel debt. This move is aimed at stabilizing the companys financial situation and ensuring its continued operation. The acquisition is seen as a necessary step to address the companys challenges and secure its future.
Acquired-by
growth-negative
Gaming startup Gigantic requests court freeze after amassing $10.7M debt | CTech
Gigantic, an Israeli gaming company known for its Clawee app, is facing significant financial challenges and has requested a court-appointed trustee to help rehabilitate the company. The company has accumulated debts of approximately NIS 39 million ($10.7 million) and is struggling to raise funds amid ongoing financial difficulties. Gigantic has raised around $19 million over the years from investors such as MoreTech Ventures, VGames, and NFX. The company, which once employed over 120 people, now has only 16 employees after recent cutbacks. Gigantic is seeking to maintain operations on a limited scale to secure investment or complete a sale transaction.
InvestmentLayoffs
growth-positive
Gigantic raises $7 million to bring arcade-based claw machines online CTech
Gigantic, an Israeli startup that develops mobile arcade games connected to physical counterparts, has raised $7 million in a funding round co-led by MoreTech Ventures, NFX, and Vgames. The companys first game, Clawee, reached the top 30 most downloaded games in the U.S. and was also one of the top 100 grossing games. The funding will help the company maintain its leading position in the growing connected reality genre and continue to innovate and improve its game.
Investment
growth-positive
Hitting the jackpot: Clawee is the next stage in gaming
Gigantic, the company behind the Clawee game app, has seen significant growth with 1.5 million people playing each month and another million watching. The app allows users to operate a claw machine remotely, with the prize delivered to their home. Gigantic was founded by Ron Brightman and Oded Frommer, who raised $2 million in their first financing round, mainly from angel investors. The company has grown from four to 400 machines and employs 100 people. Gigantic is now looking to expand into other games and is considering incorporating non-fungible tokens (NFTs) into their platform.
CustomersInvestmentExpand
growth-positive
Missing arcade games? There's an app for that
Gigantic, an online gaming company based in Tel Aviv, has experienced success with its first game, Clawee. The game allows users to control real arcade machines through a mobile app, providing a virtual claw machine experience. With 8 million downloads and $9 million raised, Gigantic has seen growth in the gaming industry, particularly during the COVID-19 pandemic. Clawee offers a variety of prizes, including deals with major toymakers like Disney and Nintendo. The company ships out about 100,000 prizes per month from its warehouses in the United States and China. Gigantic plans to expand its lineup of remote-controlled real-world arcade games, including the development of a Skee Ball machine. The company has raised $7 million in 2020 alone.
CustomersInvestment
Legacy Gamasutra URLs are experiencing issues Game Developer
growth-positive
Gigantic raises $7 million to expand online transformation of real world arcade games
Israeli gaming startup Gigantic Ltd. has completed a $7 million funding round led by NFX Capital and Union Tech Ventures. The company, behind the game Clawee, enables playing real claw machines through live video streaming and delivers real prizes to winners. Gigantic plans to grow quickly and expand its workforce, with a new app set to launch in 2021. The game has been downloaded by eight million people, and the company mails out 100,000 prizes a month. Gigantic has partnerships with major toy manufacturers and offers a range of prizes including dolls, makeup, drones, and accessories.
InvestmentExpand
Gigantic Team
Employee Info
| Employees (range) | 11-50 |
| Exact count | 28 |
| Team members | 1 |
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Gigantic Internal
Recent Updates
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Admin Info
| Confidence | 98/100 |
| Missing | homepage, markets |
| BI Verification | RPA |
| Registrar ID | 514856574 |
| Crunchbase | gigantic-ltd-clawee |
| Creator | Ron Brightman |
| Creator email | ronbrightman@gmail.com |
| Last updater | Matan Eblagon |
| Updater email | matane@sncentral.org |
| Last update | 2025-02-02T00:00:00.000Z |
| Created | 2018-01-08T00:00:00.000Z |
| Claimed | Yes |