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UltiZen

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Ultizen Games is a game development and offshore game outsourcing company in China, offering online, PC, Xbox360 live and arcade games

Huangpu, ChinaFounded 2005Consumer Services
Valuation $0–100M Latest valuation · 2010
Total funding $10–50M Disclosed equity funding
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About UltiZen

Established in 2005, UltiZen Games Ltd. is a Shanghai-based company operating at the intersection of game development and outsourcing. The company was founded by a collective of industry veterans with prior experience at major gaming firms such as Ubi Soft, Shanda, and The 9. UltiZen's CEO is Lan Haiwen. The firm has positioned itself as a key service provider for the international gaming market, serving clients across North America, Europe, and Japan.

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The company's business model is twofold. A significant portion of its operations is dedicated to offshore game outsourcing, offering a comprehensive suite of services that includes game design, programming, art and sound production, porting, and localization. This B2B service arm caters to developers and publishers needing to scale their production capabilities. UltiZen was also one of only six certified Microsoft Xbox game developers located in China, releasing the Xbox Live Arcade title "Crazy Mouse" in 2008.

In addition to its outsourcing services, UltiZen develops its own proprietary game products. The company created the U-Pal casual game platform, which was deployed across several provinces in China. They are also the developer behind the game "War of Legends". A notable milestone in the company's history was the acquisition of the Japanese developer Red Entertainment in 2011, known for the "Sakura Wars" series. This strategic acquisition aimed to bolster its development capabilities for PC and Android platforms.

From a financial perspective, UltiZen has successfully progressed through multiple funding stages. The company secured a Series B round of $6 million in 2008, led by PAC-LINK. By August 2010, it had completed a Series C round, raising $8 million and bringing its total funding to $15.5 million with investors including JAFCO Asia, Pac-Link, and Hotung Venture Group.

Source: Dealroom company data

At a glance

Founded
2005
Headquarters
Huangpu, China
Sector
Consumer Services

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Investors

4 investors on the cap table

From Dealroom's funding and investor records, grouped by the round each investor first entered.

Series A3 investors entered at this stage

  • Dragonvest Partners
  • Pac-Link
  • JAIC America

Series B and later1 investor entered at this stage

  • JIF Capital
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Global footprint

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🇨🇳 China · Huangpu HQ
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