Big Potato eyeing growth with £16.2 million backing
A party games firm aims to take international growth plans to new levels after securing £16.2 million minority investment.
Big Potato Games has been backed by Mobeus.
Bosses say the support will help London-based Big Potato launch new titles, grow globally and invest in digital products.
Founded in 2014, the firm’s portfolio includes titles such as quickfire question game Herd Mentality and flip and stick game Chicken vs Hotdog, which are sold in more than 40 countries.
Dean Tempest, co-chief executive, said: “We have grown rapidly while retaining our unique culture and identity.
“We are excited to continue that journey with Mobeus, and look forward to bringing more of our products to more people while staying a majority management-owned business.”
Under the terms of the deal, Dominic Draysey, Mobeus investment director – who led the transaction alongside Jordan Kay, Harry Pampiglione and Chris Price – will join the Big Potato board alongside Mobeus partner Justin Maltz.
He added: “Big Potato is a purpose-led business, with a clear mission to help people build connections.
“We have been impressed with the team’s dedication to that mission, and are similarly impressed with their commitment to innovation.
“We see the combination of purpose and innovation as a winning formula for gaining market share.”
Mobeus was supported on the deal by Gowling WLG, AD Little, PwC, Grant Thornton, More2, Confidas and DC Advisory.
Big Potato received advice from SI Global and Osborne Clarke.
Want your business, product or service to be seen regionally and nationally? Bdaily helps you get your story in front of the right audience, every day. Find out how Bdaily can help →
Join more than 55,000 subscribers by signing up to our daily bulletin each morning here.
Enjoy the read? Get Bdaily delivered.
Sign up to receive our popular morning London email for free.
The true value of HR in an AI-driven working world
What new business rates guidance means for pubs
Business success starts with people investment
It's time to confront the digital poverty crisis
Why a business exit is no longer all or nothing
Culture is the foundation for sustainable growth
Business must help young people take root in work
Purposeful procurement for long-term growth
Time to rethink outdated views on apprenticeships
The scale-ups rocketing through our fast world
Care about the experience, not just the outcome
The rise of an alternative investor model