Overview

1047 Games operates in the competitive gaming industry with its free-to-play first-person shooter, Splitgate, which combines traditional arena shooter elements with the unique ability to create portals for strategic gameplay. The game is available on multiple platforms, attracting a diverse player base from casual gamers to serious competitors. Revenue is generated through optional in-game purchases, such as cosmetic items, while data analytics is used to enhance player experience and marketing efforts. The company's goal is to provide an engaging FPS experience while effectively monetizing its large player community.

Simplify's Take

What believers are saying

• Cross-platform play trend can expand Splitgate's player base and engagement.
• User-generated content tools can enhance player retention and community engagement.
• Esports growth offers opportunities for Splitgate Pro Series expansion and sponsorships.

What critics are saying

• Emerging FPS games with unique mechanics could draw players away from Splitgate.
• Battle royale mode in Splitgate 2 may not resonate with traditional players.
• Reliance on in-game purchases faces potential regulation and scrutiny in the EU.

What makes 1047 Games unique

• Splitgate combines traditional FPS with innovative portal mechanics for unique gameplay.
• 1047 Games offers a free-to-play model with monetization through in-game purchases.
• The company uses data analytics to optimize player experience and marketing strategies.

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Funding

Total Funding

$110M

Above

Industry Average

Funded Over

2 Rounds

Notable Investors:

Insight PartnersLightspeed Venture Partners

Notable Investors:

Insight PartnersLightspeed Venture Partners

$100,000,000

Early VC

Sep 2021

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