Fragbite has sold Playdigious to the venture capital firm Griffin Gaming Partners in a transaction valued at $12.2 million

Fragbite has sold its subsidiary, Playdigious, to Griffin Gaming Partners for approximately $12.2 million. This transaction allows Fragbite Group to acquire 90% of the net revenue from PC titles such as Fretless – The Wrath of Riffson, distributed through its Playdigious Originals sector.

Primarily a mobile game publisher, Playdigious is recognized for games like Dead Cells and Cultist Simulator and also manages releases on the Nintendo Switch.

Fragbite highlighted that its purchase of Playdigious in 2021 was a positive move, stating that the sale helps the company in solidifying its financial resources while embarking on new strategies. While Playdigious formed a significant portion of Fragbite’s income—making up 77% of revenue in 2024—the firm expects minimal disruption to its overall gaming strategy, which emphasizes decentralization and intellectual property rights.

Stefan Tengvall, CEO of Fragbite, commented on the advantageous nature of the deal, noting that it strengthens the company’s finances, allowing them to pursue ventures like the Bitcoin Treasury initiative. Tengvall also expressed gratitude towards Playdigious’ team and optimism for their future with Griffin Gaming Partners.

Fragbite Group, previously known as FunRock, originally acquired Playdigious two years ago. The former CEO, Marcus Teilman, stepped down last year, with Stefan Tengvall assuming the role.