Multiverse gets DKK 13M from Nordisk Film for the gaming platform Kogama, wants to transform it in a gaming equivalent to YouTube

Multiverse, a Copenhagen, Denmark-based company which manages the gaming platform Kogama, announced receiving a DKK 13M ($2M) investment from Nordisk Film.

The deal was made for 40% of the company, the rest of the ownership belonging to company's employees reunited under Blockboy Holding.

Multiverse, founded in 2010 by CEO Michal Bendtsen and CTO Christian Rask, focused on managing and development of Kogama, a gaming platform with over three million active users worldwide. The platform is allowing users to build their own games, made of virtual building blocks and game logic that can be combined to create entirely new game experiences. The games are published on Kogama.com, where they can be played by the network’s millions of users or integrated on other web pages. To date, more than two million different games have been created and published on the platform.

Multiverse has seven employees and the company’s partners are its CEO and co-founder Michal Bendtsen, CTO and co-founder Christian Fehrenkamp Rask Larsen and Partner Jakob Sillesen.

The investment will primarily allow for further development of Kogama with even more features and tools to unleash the users’ creativity as Kogama strives to become a gaming equivalent to YouTube.

Nordisk Film is one of the active investors in the gaming industry in Scandinavia, as a leading Nordic entertainment company, part of Egmont. The investment in Multiverse is part of the entertainment company’s overall strategy of investing in a number of Nordic game development studios. Nordisk Film has already acquired minority positions in Flashbulb Games (January 2017) and Stockholm and in Avalanche Studios (April 2017).