When was Sulake founded?

Sulake was founded in 2000 and raised its 1st funding round 3 years after it was founded.

Where is Sulake located?

Sulake is headquartered in Helsinki, Finland.

Who is the current CEO of Sulake?

Antti-Jussi Suominen of Sulake.

How many employees does Sulake have?

As of Jul 31, 2026, the latest employee count at Sulake is 282.

Is Sulake a funded company?

Sulake is a funded company, having raised a total of $11.7M across 2 funding rounds to date. The company's 1st funding round was a $***** Series A round, raised on Dec 16, 2003.

When was the latest funding round of Sulake?

Sulake's latest funding was a $***** Series B round on Jul 10, 2006, with participation from 1 investor.

Where does Sulake rank among its competitors?

Sulake ranks 7th amongst 458 active competitors, of which 100 are funded. It stands 7th in terms of total funding among its competitors. The most recent competitor to raise funding was Flam, which secured $14M in Apr, 2025.

Who are the top competitors of Sulake?

Sulake's top competitors include Meta, VRChat and Fortune Mine. Among them, Flam secured the most recent funding round in April, 2025.

Sulake - 2026 Company Profile, Team, Funding & Competitors

Sulake is an acquired company based in Helsinki (Finland), founded in 2000. It operates as a Provider of a social networking platform for the metaverse. Sulake has raised $11.7M in funding. The company has 458 active competitors, including 100 funded and 23 that have exited. Its top competitors include companies like Meta, VRChat and Fortune Mine.

Company Details

Provider of a social networking platform for the metaverse. It is a game development company focused on online social games. The company has developed multiple games including "Hotel Hideaway" and "Habbo" for mobile and console devices. Trading on the platform is done through virtual currencies. It generates revenue through advertisements and in-app purchases.

Website: www.sulake.com/
Social

Key Metrics

Founded Year

2000

Location

Helsinki, Finland

Stage

Acquired

Total Funding

$11.7M in 2 rounds

Latest Funding Round

Series B, Jul 10, 2006, $*****

Investors

3i Group & 1 more

Ranked

7^th among 458 active competitors

Employee Count

282 as on Jul 31, 2026

Similar Companies

Meta & 508 more

Exit Details

Acquired by Azerion (Jan 25, 2021)

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Sulake got acquired by Azerion on Jan 25, 2021.

Click here to take a look at Sulake's acquisition in detail

Sulake has raised a total funding of $11.7M over 2 rounds. Its first funding round was on Dec 16, 2003. Its latest funding round was a Series B round on Jul 10, 2006 for $*****. 1 investor participated in its latest round. Sulake has 2 institutional investors.

Here is the list of recent funding rounds of Sulake:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Jul 10, 2006	6861153	Series B	8421804	2490210	5902138	1253664
Dec 16, 2003	7402224	Series A	5177705	2707568	8412398	3i Group

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View details of Sulake's funding rounds and investors

Sulake's employee count trend

Sulake has 282 employees as of Jul 26. Here is Sulake's employee count trend over the years:

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Top competitors of Sulake include Meta, VRChat and Fortune Mine. Here is the list of Top 10 competitors of Sulake, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Meta 2004, Menlo Park (United States), Public	Developer of social media, messaging, and virtual reality technology platforms	-	Alcor Fund, Access Industries & 4 others	78/100
2nd	VRChat 2014, San Francisco (United States), Series D	Provider of a VR-based social platform	$96M	HTC Corporation, Anthos Capital & 6 others	68/100
3rd	Fortune Mine 2021, Kadikoy (Turkey), Seed	Provider of mobile-based casual games	$2.85M	Ludus, Tera Portfolio & 2 others	67/100
4th	MIXI 1999, Shibuya (Japan), Public	Operator of digital entertainment, lifestyle, sports, and investment related businesses	-	World Innovation Lab, Venture United	66/100
5th	IMVU 2004, Mountain View (United States), Series E	Provider of an online 3D avatar-based social network	$77M	Menlo Ventures, AllegisCyber Capital & 8 others	63/100
6th	Avakin 2013, Nottingham (United Kingdom), Series A	Developer of a social application offering customizable avatars and virtual environments	$27.8M	Tencent, Novator Partners & 6 others	60/100
7th	Sulake 2000, Helsinki (Finland), Acquired	Provider of a social networking platform for the metaverse	$11.7M	3i Group & 1 others	54/100
8th	Flam 2021, San Francisco (United States), Series A	Provider of AI‑native mixed‑reality and interactive‑content platform	$22.5M	Z Nation Lab, RTP Global & 11 others	59/100
9th	ZEPETO 2018, Seongnam-si (South Korea), Series B	Metaverse social platform offering 3D character creation	$155M	SoftBank Vision Fund, JYP Entertainment & 7 others	58/100
10th	Decentraland 2017, Buenos Aires (Argentina), Series B	NFT-based platform for virtual world games	$25M	Animoca Brands, pinup-online.in & 35 others	58/100