How many investments has Modern Times Group made?

Modern Times Group has 13 tracked investments.

What stage does Modern Times Group invest at?

Modern Times Group invests at the Seed stage.

What sectors does Modern Times Group focus on?

Modern Times Group focuses on Gaming.

Where is Modern Times Group located?

Modern Times Group is headquartered in Stockholm, SE.

Who does Modern Times Group co-invest with?

Modern Times Group most often shares deals with Backed, Elevation Capital, Index Ventures, among 5 tracked co-investors.

Modern Times Group

Corporate VC

Stockholm · Seed · 14 people tracked

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Investment thesis

MTG operates as a gaming group that owns and runs studios developing, launching, marketing and operating a wide range of casual and mid-core games built on popular global IPs. It positions itself as an active driver of gaming industry consolidation and a strategic acquirer of gaming companies worldwide, aiming to accelerate the growth of its portfolio companies and support founders and entrepreneurs. Headquartered in Sweden with an international culture and global footprint, the group is publicly listed on Nasdaq Stockholm under the tickers MTGA and MTGB.

Invests inGaming Global Stockholm

Source: firm website, verified Aug 3, 2026.

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Stage

Seed

Stockholm, SE

Tracked investments

Team · 14 people

from the firm's website

Anna Zeiter· Non-Executive Director

CEO of European social media platform W and former global Chief Privacy Officer at eBay, with expertise in privacy, AI ethics, and data responsibility.

Arnd Benninghoff· EVP Gaming

Joined MTG in 2014 and led its strategic investments in esports and gaming. Previously Chief Digital Officer at ProSiebenSat.1 and Managing Director of its venture arm SevenVentures, and CEO of Holtzbrinck's incubator eLAB.

Chris Carvalho· Non-Executive Director

An experienced board member and advisor to gaming and startup companies, formerly COO at Kabam and a decade at Lucasfilm running StarWars.com. He currently serves on the board of Roblox.

Dylan Collins· Non-Executive Director

A serial entrepreneur in digital media and gaming who founded SuperAwesome (acquired by Epic Games), Jolt, and Demonware. He is Executive Chair of 10xHumans and an active investor focused on youth audiences.

Florian Schuhbauer· Non-Executive Director

Co-CIO and Founding Partner of Active Ownership Corporation with a background applying a private equity approach to public companies at Triton Partners and General Capital Group. He holds several board and audit chair roles.

Gerhard Florin· Non-Executive Director

A gaming and entertainment industry veteran of over 25 years, previously a board member of Codemasters, Funcom, Kobojo, and King Digital Entertainment, and EVP/GM of Publishing at Electronic Arts.

Hendrik Klindworth· Non-Executive Director· Hamburg, Hamburg, Germanyin

Co-founder of InnoGames and Executive Chairman of MTG's Midcore District, having served as InnoGames CEO from 2007 until 2025 when he became Chairman.

Liia Nõu· Non-Executive Director

CEO of hotel property owner Pandox since 2021 and formerly its CFO, with earlier CFO roles at GE Money Bank Nordics & Baltics, Song Networks, Icon Medialab, and Tele2. She chairs MTG's Audit Committee.

Maria Redin· President & Chief Executive Officer

CEO of MTG since September 2020, having previously served as CFO from 2015 and held senior finance roles across the group since joining as a trainee in 2004. She sits on the boards of Kinnevik and Vinted.

Nick Hopkins· Chief Financial Officer· Cleveland, Ohio, United States

Joined MTG as CFO in May 2025 after serving as a Managing Director in investment banking at Bank of America in London and over a decade at Goldman Sachs covering technology and consumer sectors.

Oliver Bulloss· CEO Midcore District· Jersey City, New Jersey, United States

Appointed CEO of MTG's Midcore District in September 2025, previously the group's Chief Product Officer and interim co-CEO of Hutch. He has held senior roles at Zynga, King, and Rovio.

Simon Duffy· Non-Executive Director and Chairman of the Board

Chairman of MTG's board, formerly Executive Chairman of Tradus, Executive Vice-Chairman of ntl:Telewest, CFO of Orange SA, and Deputy Chairman/CFO of EMI Group. He currently chairs the board of Viaplay Group.

Simon Hahn· Group General Counsel

Appointed MTG Group General Counsel in May 2023 after joining in 2017 and heading Legal M&A and Corporate Legal Affairs. He previously worked in private practice at law firms Ashurst and Hamilton.

Yoav Ecker· CEO Casual District

Appointed CEO of PlaySimple in August 2025 and heads MTG's Casual District, with prior senior leadership roles at Product Madness, Crazy Labs, and Playtika.

Founder mafia

The Modern Times Group mafia →

14 people who came through Modern Times Group went on to found or lead other companies.

Dylan CollinsBoard MemberFounded Superawesome +1 Rikard SteiberCEO MTGx and Chief Digital Officer MTGFounded GoodTrust +1 Jose M. PugaStrategy and Business Development Manager, Emerging MarketsFounded Imaginario.ai +1 Hendrik KlindworthNon-Executive DirectorFounded InnoGames Malte BarthHead of eSportsFounded Bitkraft Esports Ventures Hans-Holger AlbrechtHead of Pay TVFounded Deezer Aleks HabdankChief Operating Officer, Pay TV Emerging MarketsFounded iDefigo Group Magnus EkbomLUMAFounded Lazada Markus ThorstvedtChief Product OfficerFounded GoodTrust Linus FrosterydSales AgentFounded Skye Therese HillmanCFO Gymgrossisten.comFounded Network Of Design Kenneth KrabbeVP, Head of MTG Pay TV (Viasat DK)Founded Testaviva

+ 2 more →

What they invest in

from 8 of 13 portfolio companies

Gaming ×7Consumer ×3Media & Entertainment ×2AI & Machine Learning ×1Crypto & Web3 ×1Data & Infrastructure ×1Deep Tech ×1Developer Tools ×1

HQs:United States×3Germany×1United Kingdom×1Israel×1Singapore×1

Investments · 13 tracked

founders shown can be your intro path

By year:2022 · 1 2021 · 1 2020 · 2 2019 · 37 dated

Bebopbeebebopbee.com inSeed · Feb 2021 · $2M

A free-to-play mobile puzzle game where players help restore ecosystems by completing puzzles, with environmental conservation themes including coral reef healing and habitat restoration.

GamingImpact & Social GoodMercer Island, US

Rajeev Nagpal(Executive Officer, Director)inSapna Nagpal(Director)

Co-investorsBitkraft Esports Ventures Courtside Ventures GOAL Ventures

Carbonatedcarbonated.com 𝕏Seed · Jul 2020 · $9M

Carbonated develops competitive player-versus-environment gaming experiences for mobile platforms, using AI to drive gameplay mechanics.

AI & Machine LearningGamingEl Segundo, US

Kolbe Launchbaugh(Founder)in

Co-investorsAndreessen Horowitz Crit Ventures GOAL Ventures Gen.G Golden Ventures

Hutchhutchgames.com in 𝕏

Hutch Games develops mobile car games focused on strategy and skill gameplay.

GamingLondon, GB

Co-investorsBacked Index Ventures

InnoGamesinnogames.com in

InnoGames is a German developer of free-to-play mobile and browser games, offering online strategy titles with cross-platform play funded through optional in-game currency purchases.

GamingHamburg, DE

Eike KlindworthinMichael Zillmerin

Board Hendrik Klindworth in

Plariumplarium.com

Plarium Global Ltd. develops mobile and PC games for a worldwide community of casual and mid-core players, with a portfolio of about 20 titles including RAID: Shadow Legends, Mech Arena, and Vikings: War of Clans.

ConsumerGamingMedia & Entertainment

Haim Turpiashvili(Founder)in

Co-investorsNFX

Playplay.vc in 𝕏Aug 2019 · $40M

Play Ventures is a venture capital firm founded by gaming operators that invests in game studios, gaming platforms, and related technology, including the intersection of gaming and lifestyle.

ConsumerCrypto & Web3GamingSingapore, SG

Henric Suuronen(Founding Partner)in Harri Manninen(Founding Partner)in

Co-investorsBLN Capital Perot Jain General Catalyst Makers Fund

Playsimpleplaysimple.in in

PlaySimple is a mobile entertainment company that builds, operates, and grows casual mobile games, with a focus on word and puzzle titles played by users worldwide.

ConsumerGamingMedia & Entertainment

Preeti R.(Founder)in Yoav Ecker(Managing Director & CEO)inPreeti Reddy(Founder)Siddhanth Jain(Founder)Siddharth Jain(Founder)Suraj Nalin(Founder)

Co-investorsElevation Capital

Tonktonk.gg in 𝕏Feb 2019 · $2M

Tonk builds a portable data layer and memory primitives for shared, queryable knowledge, including a persistent memory layer called carry.

Data & InfrastructureDeep TechDeveloper Tools

Co-investorsBankless Ventures Electric Capital Bitkraft Esports Ventures

Other

Tracked investments with no reachable website or further public details — typically companies that wound down, renamed, or were absorbed.

Bazooka TangoBurn Ghost GamesNinja KiwiSnowprintTonk Tonk Games

Frequently asked questions

How many investments has Modern Times Group made?: Modern Times Group has 13 tracked investments.
What stage does Modern Times Group invest at?: Modern Times Group invests at the Seed stage.
What sectors does Modern Times Group focus on?: Modern Times Group focuses on Gaming.
Where is Modern Times Group located?: Modern Times Group is headquartered in Stockholm, SE.
Who does Modern Times Group co-invest with?: Modern Times Group most often shares deals with Backed, Elevation Capital, Index Ventures, among 5 tracked co-investors.

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