Overview

1047 Games operates in the competitive gaming industry with its free-to-play first-person shooter, Splitgate, which uniquely combines traditional arena shooter elements with portal mechanics 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, allowing the company to maintain a large player community while enhancing the gaming experience through data analytics. The goal of 1047 Games is to provide an engaging FPS experience while effectively monetizing their player base.

Simplify's Take

What believers are saying

• Splitgate's Pro Series taps into the growing esports and competitive gaming market.
• The free-to-play model attracts a large, diverse player base globally.
• Custom game options align with the trend of user-generated content in gaming.

What critics are saying

• Emerging FPS games with unique mechanics could draw players away from Splitgate.
• Reliance on in-game purchases may face challenges if perceived as non-essential.
• Player fatigue with the portal mechanic could lead to a decline in engagement.

What makes 1047 Games unique

• Splitgate combines traditional FPS with innovative portal mechanics for unique gameplay.
• 1047 Games leverages data analytics to enhance player experience and engagement.
• The game is accessible on multiple platforms, including PlayStation and PC.

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Funding

Total Funding

$107M

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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Early VC Funding Comparison

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