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The Israeli gaming company is expecting revenue of over $1.5 billion in 2021. Insight Partners invested $125 million in the company at a $1.25 billion valuation less than two years ago
Meir Orbach16:1523.11.21
Israeli gaming company Moon Active has raised $300 million in a funding round composed completely of secondary transactions at a company valuation of $5 billion, Calcalist has learned. The round was led by Insight Partners, which invested $125 million in Moon Active at the beginning of 2020 at a valuation of $1.25 billion, meaning the company's valuation has increased fourfold in less than two years. Andalusian Private Capital also participated in the round. Moon Active, which develops one of the world's most popular mobile games in Coin Master, acquired gaming company Melsoft last year. Melsoft also develops mobile games, including the successful Family Island and My Cafe. Melosoft has revenue estimated at $160 million a year. The cost of the acquisition was not announced but was believed to be over $100 million. Moon Active's income in 2020 reached $1.25 billion, and it ended the year boasting significant profits. The company is expecting revenue of over $1.5 billion in 2021. Moon Active team. Photo: Moon Active Related articles: Coin Master. Photo: Moon Active