Plug In Digital raises 70 million euros to move up a gear

What a long way for Plug In Digital since its founding in 2012. Where in 2019, this French publisher and distributor raised 2 million euros of investment, it is an astronomically higher sum that it obtains this time. A new fundraising enabled them to obtain 70 million euros from the investor Bridgepoint, who thus becomes their new majority shareholder, the French group Eurazeo having also participated in the round table.

It is in particular the dual role of publisher and distributor of Plug In that convinced Bridgepoint: “We have been following the video game industry for some time and are impressed with Plug In Digital’s journey. This company is well positioned and has built a real brand in the field of publishing“. An article published by The echoes teaches us that A Normal Lost Phone has exceeded 400,000 copies sold and that Bury me, my love is the publisher’s biggest commercial success to date.

Plug In Digital, which owns the two labels PID Games and Dear Villagers, intends to continue to develop with this new placement, in particular by strengthening its presence with multi-platform licenses. This year, Dear Villagers did release titles such as The Forgotten City, Recompile, The Dungeon of Naheulbeuk: The Amulet of Disorder Where Astria Ascending on PCs and old and new generation consoles.

We are going to expand our teams, make studio acquisitions and publish more games. We are also going to move upmarket with future more AA-oriented titles with larger budgets.“, now says CEO Francis Ingrand. The budgets of the largest Plug In Digital games will thus be brought to exceed 500,000 euros, which has not yet been the case until now. With this new status, the publisher is now targeting $ 30 million in revenue for fiscal 2023.

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