Updated Mar 17, 2026 by PlayWay
CreativeForge Games S.A. raised over 8 million PLN through a private subscription of Series K shares in March 2018.
The capital injection resulted in a post-money valuation of approximately 32 million PLN for the studio.
Twenty-one institutional and individual investors acquired a 25% stake in the company’s post-increase share capital at a price of 12 PLN per share.
The funds are primarily allocated to the development of the studio's next major title, following the finalization of the game Phantom Doctrine.
At the time of the transaction, CreativeForge Games operated as a subsidiary of PlayWay S.A.
The issuance was executed via a private subscription framework under the Commercial Companies Code, targeting specific entities rather than a public offering.
CreativeForge Games S.A. raised over 8 million PLN through a private subscription of Series K shares in March 2018.
The capital injection resulted in a post-money valuation of approximately 32 million PLN for the studio.
Twenty-one institutional and individual investors acquired a 25% stake in the company’s post-increase share capital at a price of 12 PLN per share.
The funds are primarily allocated to the development of the studio's next major title, following the finalization of the game Phantom Doctrine.
At the time of the transaction, CreativeForge Games operated as a subsidiary of PlayWay S.A.
The issuance was executed via a private subscription framework under the Commercial Companies Code, targeting specific entities rather than a public offering.