Goldman Sachs invests in games developer Voodoo

A person familiar with the situation confirmed that the $200m figure reported by several press reports is roughly correct.

Goldman Sachs used its West Street Capital Partners VII vehicle for the transaction. The fund was launched by Goldman in 2016. A source close to the situation told Unquote that the vehicle reached a close on around $7bn in mid-2017, with final closing yet to take place as the hard-cap has not been hit.

Goldman Sachs intends to accelerate Voodoo's technology development. The business is currently recruiting to further develop its technology and bolster its top management.

Company
Founded in 2013, Voodoo develops and publishes casual mobile games in partnership with 400 studios worldwide. Its mobile games are available for free on the Apple Store and Google Play. Voodoo claims 150 million monthly active users, with 300 million downloads in 2017 and one billion expected this year.

People
Voodoo – Alexandre Yazdi (founder, president). 
Goldman Sachs – Alexandre Flavier (investor).

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