Tencent Holdings

Tencent Holdings Limited is a leading internet service provider based in Shenzhen, China, known for its extensive range of value-added services, including online games, social networking, financial technology, and online advertising. Founded in 1998, Tencent operates major platforms such as WeChat and QQ, which facilitate communication, entertainment, and e-commerce for millions of users. The company is recognized as the world's largest video game publisher, with popular titles like Honor of Kings in its portfolio. In addition to its core services, Tencent is involved in the production and distribution of films and television programs, as well as software development and digital content licensing. With a focus on user-oriented strategies, Tencent continues to adapt and expand its offerings, positioning itself as a vital part of daily life for many consumers in China and beyond.

Hongwei Chen

Executive Director of Investment

Ben Feder

President, International Partnerships (North America)

Martin Lau

President

Jeffrey Li

Managing Partner

Alvin Liu

Co-Founder

Steven Ma

SVP

Huateng Ma

Co-Founder, Chairman and CEO

Danying Ma

Managing Director

Bo Wang

Vice President, Tencent Games

Ye Wang

Associate Director, Global Data Intelligence and Data Service, IEG

Yao Xia

Executive Director

Levin Yao

Managing Director, Tencent Investment

Wenlei Zhuang

Vice President of Tencent Cloud and Head of Tencent Cloud Strategic Investment

phil mu

Chief Investment Officer

Dowson Tong

President of Social Network Group, Senior Executive Vice President

Past deals in Nordic Europe

Remedy Entertainment

Post in 2024
Remedy Entertainment is a Finnish game development company established in 1995, specializing in creating narrative-driven action games for console and computer platforms. The company has forged partnerships with prominent publishers such as Microsoft, Rockstar Games, and Smile Gate. Remedy's portfolio includes notable titles like Death Rally and the acclaimed Max Payne series. Beyond gaming, Remedy's intellectual properties have expanded into various media forms, including books, comics, concerts, television series, and a Hollywood movie. With a commitment to innovative ideas, high-quality content, and advanced technology, Remedy aims to be a leader in the gaming industry while building a talented team to bring its creative visions to life.

Lunar

Series D in 2023
Lunar is a digital challenger bank founded in 2015 by Ken Villum Klausen, headquartered in Copenhagen. The company provides a mobile-based banking app that enables users to manage their personal finances effectively. Its services include insurance, savings, budgeting tools, loans, and investment options, all accessible through the app. Lunar operates under its own banking license and offers both free accounts and a subscription-based service known as Lunar Premium. The company aims to expand its full personal and business banking operations while targeting profitability in key banking markets. Lunar has successfully raised €104 million from various investors and has established a presence in Aarhus, Stockholm, and Oslo, employing over 180 staff members. Additionally, the app facilitates online money transfers, payments, and account management in partnership with local banks, enhancing security and customer experience.

IQM Quantum Computers

Series A in 2022
IQM is the pan-European leader in building quantum computers. IQM delivers on-premises quantum computers for supercomputing data centres and research labs and offers full access to its hardware. For industrial customers, IQM delivers a quantum advantage through a unique application-specific, co-design approach. IQM is building Finland’s first commercial 54-qubit quantum computer with VTT, and an IQM-led consortium (Q-Exa) is also building a quantum computer in Germany. This computer will be integrated into an HPC supercomputer to create a quantum accelerator for future scientific research. IQM has over 190+ employees with offices in Paris, Madrid, Munich, and Espoo.

Lunar

Series D in 2022
Lunar is a digital challenger bank founded in 2015 by Ken Villum Klausen, headquartered in Copenhagen. The company provides a mobile-based banking app that enables users to manage their personal finances effectively. Its services include insurance, savings, budgeting tools, loans, and investment options, all accessible through the app. Lunar operates under its own banking license and offers both free accounts and a subscription-based service known as Lunar Premium. The company aims to expand its full personal and business banking operations while targeting profitability in key banking markets. Lunar has successfully raised €104 million from various investors and has established a presence in Aarhus, Stockholm, and Oslo, employing over 180 staff members. Additionally, the app facilitates online money transfers, payments, and account management in partnership with local banks, enhancing security and customer experience.

Enfuce

Series C in 2021
Enfuce is a fintech company that specializes in providing a range of financial services, including payment processing and card-issuing solutions. Operating across Europe with offices in Finland, Germany, Latvia, Sweden, and the UK, Enfuce enables traditional banks, neobanks, and fintechs to enhance their payment experiences. The company's cloud-based platform offers features such as open banking, issuing and acquiring services, and strong customer authentication, making it suitable for both established financial institutions and new entrants in the market. Enfuce has secured €62 million in funding and has received notable recognitions, including participation in the Visa Fintech Fast Track program and the Mastercard Lighthouse Development Programme, as well as the 2019 PayTech Award for Best Payments Solution for Payment Systems in the Cloud.

Doktor.se

Secondary Market in 2021
Doktor.se is a digital healthcare company based in Sweden that focuses on providing modern and personalized care. With multiple offices across the country, it is in a phase of rapid expansion. The company employs experienced specialist nurses, doctors, and psychologists to deliver quick and effective medical services to its members. Doktor.se offers a range of services, including counseling, appointment scheduling, remote care, prescriptions, and referrals, all managed through their user-friendly app. As an approved healthcare provider, their services are delivered by certified professionals, ensuring quality care. Additionally, Doktor.se owns physical primary care facilities, allowing them to streamline access to healthcare and alleviate the burden on traditional medical systems. Their comprehensive approach not only enhances patient experience but also includes exclusive health offers and informative content tailored to client needs.

Lunar

Series D in 2021
Lunar is a digital challenger bank founded in 2015 by Ken Villum Klausen, headquartered in Copenhagen. The company provides a mobile-based banking app that enables users to manage their personal finances effectively. Its services include insurance, savings, budgeting tools, loans, and investment options, all accessible through the app. Lunar operates under its own banking license and offers both free accounts and a subscription-based service known as Lunar Premium. The company aims to expand its full personal and business banking operations while targeting profitability in key banking markets. Lunar has successfully raised €104 million from various investors and has established a presence in Aarhus, Stockholm, and Oslo, employing over 180 staff members. Additionally, the app facilitates online money transfers, payments, and account management in partnership with local banks, enhancing security and customer experience.

Enfuce

Series B in 2021
Enfuce is a fintech company that specializes in providing a range of financial services, including payment processing and card-issuing solutions. Operating across Europe with offices in Finland, Germany, Latvia, Sweden, and the UK, Enfuce enables traditional banks, neobanks, and fintechs to enhance their payment experiences. The company's cloud-based platform offers features such as open banking, issuing and acquiring services, and strong customer authentication, making it suitable for both established financial institutions and new entrants in the market. Enfuce has secured €62 million in funding and has received notable recognitions, including participation in the Visa Fintech Fast Track program and the Mastercard Lighthouse Development Programme, as well as the 2019 PayTech Award for Best Payments Solution for Payment Systems in the Cloud.

IQM Quantum Computers

Series A in 2020
IQM is the pan-European leader in building quantum computers. IQM delivers on-premises quantum computers for supercomputing data centres and research labs and offers full access to its hardware. For industrial customers, IQM delivers a quantum advantage through a unique application-specific, co-design approach. IQM is building Finland’s first commercial 54-qubit quantum computer with VTT, and an IQM-led consortium (Q-Exa) is also building a quantum computer in Germany. This computer will be integrated into an HPC supercomputer to create a quantum accelerator for future scientific research. IQM has over 190+ employees with offices in Paris, Madrid, Munich, and Espoo.

10 Chambers Collective

Acquisition in 2020
10 Chambers Collective is a swedish game developer.

Funcom

Post in 2019
Funcom is a video game development company based in Oslo, Norway, with additional offices in the United States, China, Switzerland, and Canada. The company specializes in creating and publishing massively multiplayer online games, including popular titles such as Age of Conan, Anarchy Online, and The Secret World. In addition to its online offerings, Funcom also develops offline games like The Park, Hide and Shriek, Dreamfall, and The Longest Journey. By providing a diverse range of gaming experiences across multiple platforms, Funcom aims to engage players with various genres and live gaming experiences.

Sharkmob

Acquisition in 2019
Sharkmob AB is a video game development company founded in 2017 and based in Malmö, Sweden. As a subsidiary of Tencent Holdings Limited, Sharkmob operates as an entertainment studio focused on creating games for computers and mobile devices. The company aims to support game developers by providing the necessary tools and expertise to facilitate their creative process. Sharkmob emphasizes enjoyment in its work, fostering a fun and engaging environment for game development.

1939

Seed Round in 2019
1939 Games is an independent game development studio located in Reykjavik, Iceland, specializing in World War II-themed gaming experiences. Founded in 2015 by former CCP veterans, the studio is currently focused on its flagship project, KARDS, a digital collectible card game. This game combines elements typical of the card game genre with the immersive aspects of classic WWII gaming, aiming to create an engaging and action-packed experience for players. By merging historical facts with gameplay, 1939 Games seeks to provide a unique platform that offers both entertainment and educational value related to significant historical events.

Fatshark

Private Equity Round in 2019
Fatshark AB is an independent game development studio based in Stockholm, Sweden, established in 2008. The company specializes in creating and publishing multiplayer video games across various platforms, including mobile devices, PCs, Macs, and consoles. Fatshark also engages in subcontracting services for game development, collaborating with other publishers as well as developing games independently. Additionally, the studio sells its published titles through its online store, catering to a diverse gaming audience.

1939

Seed Round in 2018
1939 Games is an independent game development studio located in Reykjavik, Iceland, specializing in World War II-themed gaming experiences. Founded in 2015 by former CCP veterans, the studio is currently focused on its flagship project, KARDS, a digital collectible card game. This game combines elements typical of the card game genre with the immersive aspects of classic WWII gaming, aiming to create an engaging and action-packed experience for players. By merging historical facts with gameplay, 1939 Games seeks to provide a unique platform that offers both entertainment and educational value related to significant historical events.

Tesla

Post in 2017
Tesla, Inc. designs, develops, manufactures, and sells electric vehicles and energy generation and storage systems globally, with a significant presence in the United States, China, the Netherlands, and Norway. The company operates in two main segments: Automotive and Energy Generation and Storage. The Automotive segment includes a range of vehicles, such as luxury and midsize sedans, crossover SUVs, and light trucks, alongside electric powertrain components and services. Tesla markets its vehicles through company-owned showrooms and its website. The Energy Generation and Storage segment offers lithium-ion battery systems for residential and commercial use, as well as solar energy products, including solar panels and solar roofs. Additionally, Tesla provides vehicle insurance and operates a fast-charging network. Founded in 2003 and headquartered in Palo Alto, California, Tesla aims to accelerate the transition to sustainable energy and mobility.

Supercell

Acquisition in 2016
Supercell reimagines games with a Tablet First strategy. Supercell's goal is to build an environment where small, independent teams can craft games for as many people as possible, that are played for years and remembered forever. The company is best known for its successful video games like Clash Royale, Boom Beach, Clash of Clans, and Hay Day. Based in Helsinki, Finland, with North American operations in San Francisco, Supercell was formed by games industry veterans who have collectively developed more than 165 games across 12 platforms. Supercell is backed by Accel Partners and London Venture Partners (LVP). Supercell was founded in 2012.

Paradox Interactive

Funding Round in 2016
Paradox Interactive AB is a prominent Swedish company specializing in the development and publishing of PC-based strategy games. Renowned for its extensive portfolio, Paradox is particularly recognized for its successful franchises, including Europa Universalis, Crusader Kings, Hearts of Iron, Stellaris, and Cities: Skylines. The company also engages in the publishing of games and the licensing of the White Wolf brand. Paradox distributes its games through various digital platforms, including Steam, Apple, Google Play, and Sony stores, reaching a global audience with a significant revenue contribution from the United States and Europe. The company continues to expand its offerings, with a focus on ambitious new titles and maintaining its strong presence in the strategy gaming market.
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