
Investments
18Portfolio Exits
11Funds
1Partners & Customers
10About Modern Times Group
Modern Times Group (STO:MTGB) (STO:MTGA), aka MTG, is an international entertainment broadcasting group. The company's operations span six continents and include TV channels and platforms, online streaming platforms and services, content production and distribution businesses, radio stations, multi-platform networks (MPNs), and eSports.

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Expert Collections containing Modern Times Group
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Find Modern Times Group in 1 Expert Collection, including Gaming.
Gaming
5,179 items
Gaming companies are defined as those developing technologies for the PC, console, mobile, and/or AR/VR video gaming market.
Latest Modern Times Group News
Sep 15, 2023
MTG Fri, Sep 15, 2023 08:30 CET Modern Times Group MTG AB (publ) (“MTG”) is excited to announce that its wholly owned studio Ninja Kiwi has successfully launched the tower defense hit Bloons TD 6 on the Xbox. BTD6 can be downloaded from the Xbox store for USD 29.99 and is available for Xbox players around the world. The game offers Xbox users the iconic Bloons TD6 tower defense experience, as well as new features developed specifically for console, including a dedicated couch coop game mode. Ninja Kiwi will also continue to evolve the game over time and with additional features and content. Scott Walker, Partner and CEO of Ninja Kiwi, commented: “I’m truly excited to welcome Xbox players to the Bloons community and Bloons TD6. Our team has worked hard to ensure that the mobile and PC experience loved by millions of people around the world translates seamlessly to the controller and TV screen environment, which is especially fun in couch coop. So no matter if you are new to the world of dart-throwing monkeys or a seasoned Bloon-popping veteran, we hope you enjoy playing BTD6 on the biggest screen in your home”. For more information: Direct: +46 73 661 8488, anton.gourman@mtg.com About MTG MTG (Modern Times Group MTG AB (publ.)) ( www.mtg.com ) is an international mobile gaming group that owns and operates gaming studios with popular global IPs across a wide range of casual and mid-core genres. The group is focused on accelerating portfolio company growth and supporting founders and entrepreneurs. MTG is an active driver of gaming industry consolidation and a strategic acquirer of gaming companies around the world. We are born in Sweden but have an international culture and global footprint. Our shares are listed on Nasdaq Stockholm (‘MTGA’ and ‘MTGB’).
Modern Times Group Investments
18 Investments
Modern Times Group has made 18 investments. Their latest investment was in Legendary Play as part of their Seed VC on April 4, 2022.

Modern Times Group Investments Activity

Date | Round | Company | Amount | New? | Co-Investors | Sources |
---|---|---|---|---|---|---|
4/7/2022 | Seed VC | Legendary Play | $4M | Yes | 1 | |
3/18/2022 | Seed VC | Joyride | $14M | Yes | 6 | |
6/30/2020 | Series A | Koji | $10M | Yes | 2 | |
3/16/2020 | Seed VC | |||||
9/19/2019 | Series A |
Date | 4/7/2022 | 3/18/2022 | 6/30/2020 | 3/16/2020 | 9/19/2019 |
---|---|---|---|---|---|
Round | Seed VC | Seed VC | Series A | Seed VC | Series A |
Company | Legendary Play | Joyride | Koji | ||
Amount | $4M | $14M | $10M | ||
New? | Yes | Yes | Yes | ||
Co-Investors | |||||
Sources | 1 | 6 | 2 |
Modern Times Group Portfolio Exits
11 Portfolio Exits
Modern Times Group has 11 portfolio exits. Their latest portfolio exit was Sviper on February 28, 2023.
Date | Exit | Companies | Valuation Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model. | Acquirer | Sources |
---|---|---|---|---|---|
2/28/2023 | Acquired | 5 | |||
1/24/2022 | Acquired | 7 | |||
9/30/2020 | Merger | 1 | |||
Date | 2/28/2023 | 1/24/2022 | 9/30/2020 | ||
---|---|---|---|---|---|
Exit | Acquired | Acquired | Merger | ||
Companies | |||||
Valuation | |||||
Acquirer | |||||
Sources | 5 | 7 | 1 |
Modern Times Group Acquisitions
16 Acquisitions
Modern Times Group acquired 16 companies. Their latest acquisition was PlaySimple on July 02, 2021.
Date | Investment Stage | Companies | Valuation Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model. | Total Funding | Note | Sources |
---|---|---|---|---|---|---|
7/2/2021 | Series A | $4.55M | Acquired | 9 | ||
3/24/2021 | Acquired | 1 | ||||
12/8/2020 | Other | $5.5M | Acquired | 5 | ||
12/7/2020 | Other | |||||
5/23/2018 | Seed / Angel |
Date | 7/2/2021 | 3/24/2021 | 12/8/2020 | 12/7/2020 | 5/23/2018 |
---|---|---|---|---|---|
Investment Stage | Series A | Other | Other | Seed / Angel | |
Companies | |||||
Valuation | |||||
Total Funding | $4.55M | $5.5M | |||
Note | Acquired | Acquired | Acquired | ||
Sources | 9 | 1 | 5 |
Modern Times Group Fund History
1 Fund History
Modern Times Group has 1 fund, including MTG Games Fund.
Closing Date | Fund | Fund Type | Status | Amount | Sources |
---|---|---|---|---|---|
11/29/2017 | MTG Games Fund | $30M | 1 |
Closing Date | 11/29/2017 |
---|---|
Fund | MTG Games Fund |
Fund Type | |
Status | |
Amount | $30M |
Sources | 1 |
Modern Times Group Partners & Customers
10 Partners and customers
Modern Times Group has 10 strategic partners and customers. Modern Times Group recently partnered with Twitch on April 4, 2020.
Date | Type | Business Partner | Country | News Snippet | Sources |
---|---|---|---|---|---|
4/28/2020 | Licensee | United States | MTG’s esports companies ESL and DreamHack enter streaming deal with Twitch As part of the partnership , Twitch will become a centralized hub for streaming ESL and DreamHack competitions . | 1 | |
2/1/2018 | Partner | Denmark | TDC Group enters into agreement to combine with MTG 's Nordic Entertainment and Studio businesses to create Europe 's first fully convergent media and communications provider | 3 | |
12/14/2017 | Partner | United Kingdom | Viareal and National Geographic map out VR partnership As National Geographic 's official virtual reality partner in the Nordic region , Viareal now offers viewers exclusive 360 VR experiences showcasing the dramatic beauty of the natural world . | 1 | |
3/1/2017 | Partner | ||||
12/8/2016 | Vendor |
Date | 4/28/2020 | 2/1/2018 | 12/14/2017 | 3/1/2017 | 12/8/2016 |
---|---|---|---|---|---|
Type | Licensee | Partner | Partner | Partner | Vendor |
Business Partner | |||||
Country | United States | Denmark | United Kingdom | ||
News Snippet | MTG’s esports companies ESL and DreamHack enter streaming deal with Twitch As part of the partnership , Twitch will become a centralized hub for streaming ESL and DreamHack competitions . | TDC Group enters into agreement to combine with MTG 's Nordic Entertainment and Studio businesses to create Europe 's first fully convergent media and communications provider | Viareal and National Geographic map out VR partnership As National Geographic 's official virtual reality partner in the Nordic region , Viareal now offers viewers exclusive 360 VR experiences showcasing the dramatic beauty of the natural world . | ||
Sources | 1 | 3 | 1 |
Modern Times Group Team
36 Team Members
Modern Times Group has 36 team members, including current Chief Executive Officer, Pelle Törnberg.
Name | Work History | Title | Status |
---|---|---|---|
Pelle Törnberg | Chief Executive Officer | Current | |
Name | Pelle Törnberg | ||||
---|---|---|---|---|---|
Work History | |||||
Title | Chief Executive Officer | ||||
Status | Current |
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