US technology company takes over Struckd

Struckd was established in 2016 by Silvan Bauser and Flurin Jenal during their participation in the Swiss Startup Factory’s first accelerator batch. With the vision of democratizing game development, they built Struckd, the first so far the largest mobile games development platform that allows users to create, share and play games on their mobile phones. Its elaborate and easy-to-use creation tool allows anyone with a smartphone to create their titles.

Currently available on Android and iOS across the globe, the platform has attracted more than 6 million players to date, creating a new title every two minutes on average. In March this year, the company surpassed the 1 million mark of games created via its game creation tool. The game portfolio includes more than 1.2 million titles ranging from racing and role-play games to complex multiplayer titles, with the most popular ones reaching over 1 million active users.

An unrevealed American company has acquired Struckd, as reported by the Swiss Startup Group (SSUG), which indicated that the purchase was concluded in a silent transaction. Details of the deal remain undisclosed. The startup has its headquarters in Zurich and offices in Berlin, Germany.

Change of management before acquisition
Daniel Reichert, previously Product Director at Kolibri Games (acquired by Ubisoft) has been running Struckd since the beginning of this year, replacing co-founder Silvan Bauser as CEO. “Given the success that Daniel achieved in such a short time, it was no surprise when a US tech company contacted Struckd three months ago with an offer to buy”, said the SSUG.

The SSUG has also played a very active role in Struckd since its inception. It chaired the company’s Board of Directors from 2018 and navigated the company through various challenging phases. Max Meister, Chairman Struckd AG/co-founder Swiss Startup Group and Oliver Walzer, COO/co-founder Swiss Startup Group, negotiate the transaction with the support of Daniel Reichert (CEO Struckd AG), Wenger & Vieli.

Founded in 2015, by Mike Baur, Max Meister and Oliver Walzer, SSUG is now Switzerland's largest privately financed venture platform. The Group has built up the entire value chain of the venture business and put a unique ecosystem of industry specialists, private venture investors, corporate partners and startups on the Swiss startup map. SSUG has become one of the most active Swiss early-stage investors and specializes in venture asset management, with offices in Zurich, Berne and Lausanne.

(Press release/RAN)