Wargraphs, a gaming startup with only one employee and no outside funding, sells for $54M

Wargraphs, a one-man-band startup behind a popular companion app for League of Legends called Porofessor, which helps players

Case Study

track and improve their playing stats, is getting acquired for up to €50

million ($54 million), half up front and half based on meeting certain

earnings and growth targets.

MOBA Networks, a company founded out of Sweden that buys, grows and runs online gaming communities (MOBA is short for "multiplayer online battle arena"), is buying the startup and its existing products. The plan is to expand them to more markets, in particular across Asia, and to build analytics for more titles.