Unity Exceeds IPO Goals in Content and Game Development Launch

Unity IPO

Call of Duty, Mobile and Pokemon All Used Unity

The company’s development software has been used by studios to create well-known games such as Call of Duty: Mobile and Pokemon Go, and it charges studios a subscription fee based on the size of their studio. The subscription plans range in price from $399 to $2,400 per year.

Interactive, Real-Time 3-D Content

Unity is pushing its platform beyond just videogames to cater to the development of interactive, real-time 3-D content more broadly. In Unity’s S-1 registration statement with the Securities and Exchange Commission (SEC), it stated that although Unity is a company born from gaming, it views its future potential in much broader terms.

Unity Software’s History

Over the Edge Entertainment, the name of the company at that time, launched in Denmark in 2004. When it relocated to the United States in 2009, it changed its name to Unity. The startup attracted its first major investment in the U.S. from Sequoia Capital. Sequoia provided $5.5 million in a Series A fundraising round. Sequoia has also been behind a number of well-known technology brands including Apple, Google, Oracle, Electronic Arts, and Nvidia.

Large User Base

As a result of its usability, advanced features, and multi-platform capabilities, the company has been able to scale and attract a large user base. An estimated 53% of the top 1,000 mobile games on the Apple App Store and Google Play Store were created using Unity’s platform. Furthermore, the company boasts 1.5 million monthly active creators spanning over 190 countries.

Rapid Growth, About 40% Per Year

Like many software companies in recent years, Unity has experienced rapid growth. The company’s most recent numbers show around 40% year-over-year growth. Its revenues have jumped from $381 million to $542 million for the 2018 and 2019 fiscal years. Although net losses have also increased during this period, this is typical of rapidly scaling tech businesses.

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Carpenter Wellington PLLC

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Ryan Carpenter serves as Attorney and Managing Director of Carpenter Wellington. Ryan advises clients across a broad set of corporate and commercial matters.