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§ Venture Capital · Singapore, Central Region, Singapore
Digital entertainment company developing and publishing online games for PC and mobile gamers, focused on esports and gaming communities.
Garena has raised $170.0M across 1 funding round.
Key people at Garena.
Garena has raised $170.0M in total across 1 funding round.
Garena is a Singapore-based digital entertainment company that develops and publishes online games for both PC and mobile platforms. The organization operates the social gaming platform Garena+ and is best known for its proprietary battle royale title Free Fire, which has achieved over 1 billion downloads and reached 150 million daily active users globally. Operating as the digital entertainment arm of Sea Ltd, the company contributed to its parent's corporate growth, which included securing $550 million in funding before a 2021 United States initial public offering filing that valued the broader enterprise at $1 billion. The gaming division is currently led by President Terry Zhao and generates its revenue primarily through in-game purchases and regional publishing partnerships across the broader Southeast Asia and Asia Pacific markets. Garena was originally founded in 2009 by Forrest Li.
Garena has raised $170.0M in total across 1 funding round.
Garena's investors include Khazanah Nasional Berhad.
Key people at Garena.
Garena has raised $170.0M across 1 funding round. Most recently, it raised $170.0M Series D in March 2016.
| Date | Company | Round | Lead Investor(s) | Co-Investor(s) |
|---|---|---|---|---|
| May 1, 2021 | Double Loop Games | $8.0M Series A | Hiro Capital | Backed VC, Boost VC, Craft Ventures, Play Ventures, Eytan Elbaz, George Godula, London Venture Partners, Riot Games |
| Aug 20, 2015 | RedMart | $26.7M Other Equity | Eduardo Saverin, Garena, Softbank Ventures Asia, Visionnaire Ventures | FAR East Ventures |
| Jul 18, 2013 | RedMart | $4.6M Series A | Garena | Toivo Annus |
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Mar 31, 2016 | $170M Series D | Khazanah Nasional Berhad | — | Announced |
