Connect with us

Hi, what are you looking for?

Jewish Business News

Mergers & Acquisitions

Voodoo acquires Israeli gaming startup Beach Bum for $500 million

Beach Bum founders Gigi Levy-Weiss and Uri Shahak also co-found gaming unicorn Playtika, which went public in 2021 at an $11 billion valuation.

French mobile gaming company Voodoo acquires Israeli gaming startup Beach Bum for $500 million, according to Calcalist. This is Voodoo’s second acquisition of an Israeli company. Earlier this year it added Tel-Aviv-based gaming marketing platform Bidshake to its portfolio paying an unknown sum.

Beach Bum is a mobile interactive game developer for players with challenges, excitement, and enjoyment in a head-to-head online setting. Lord of the Board and Spades Royale are two of its most popular games.

Founded in 2015, Beach Bum, raised $3 million in a single public round in 2016, but it is believed to have raised smaller amounts in subsequent years from Haim Saban’s investment fund, Saban Capital Group, 83North, and iAngles.

Please help us out :
Will you offer us a hand? Every gift, regardless of size, fuels our future.
Your critical contribution enables us to maintain our independence from shareholders or wealthy owners, allowing us to keep up reporting without bias. It means we can continue to make Jewish Business News available to everyone.
You can support us for as little as $1 via PayPal at office@jewishbusinessnews.com.
Thank you.

The founders Gigi Levy-Weiss and Uri Shahak also co-found gaming unicorn Playtika, which went public in 2021 at an $11 billion valuation. Other founders are CEO Shachar Schalka, COO Keren Marom, and Gil Levy.

Beach Bum earned $70 million in revenue last year. The company has a monthly active user base of more than two million. The company employs 150 people at its Ra’anana headquarters.

The privately held Voodoo was founded in 2013 by two co-founders, with Goldman Sachs and Tencent as investors. Voodoo’s most recent fundraising round valued the company at $1.7 billion. Helix Jump is the company’s most popular game.

Newsletter



Advertisement

You May Also Like

World News

In the 15th Nov 2015 edition of Israel’s good news, the highlights include:   ·         A new Israeli treatment brings hope to relapsed leukemia...

Entertainment

The Movie The Professional is what made Natalie Portman a Lolita.

Travel

After two decades without a rating system in Israel, at the end of 2012 an international tender for hotel rating was published.  Invited to place bids...

VC, Investments

You may not become a millionaire, but there is a lot to learn from George Soros.