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Type of site
|Online gaming website (Social Network)|
|Owner||Modern Times Group (2017-)
In game currency ("Kreds")
|Alexa rank||Global Rank 1,223(July 2017[update])|
|Registration||Free, not required (however, some features are disabled); Paid membership optional|
|Launched||October 10, 2006|
Kongregate is a mobile and PC publisher and web gaming portal. The website features over 60,000 online games and 30+ mobile games available to the public. Purchased by Gamestop Corporation  in 2010, it has been acquired in 2017 by Modern Times Group MT AB.
The portfolio focuses on mid-core games spanning a wide range of genres. Kongregate helped develop the genre of idle/clicker games with titles like Adventure Capitalist.[promotional language]
In 2016, Kongregate received Apple Editors' Choice for BattleHand and The Trail, and received Google Play Editors' Choice for Animation Throwdown and AdVenture Capitalist. BattleHand and The Trail also were voted as Best of 2016 by Apple and Animation Throwdown and The Trail were voted Best of 2016 by Google Play.
Recent Steam releases include Spellstone and Slashy Hero, with Animation Throwdown and The Trail coming soon.
Kongregate was released on October 10, 2006 by siblings Emily and Jim Greer into an alpha testing phase, which lasted until December 2006. During this time, game developers and players tested the site's interface and functionality. In December of the same year, the site was formally opened to the public. The site formally entered the beta testing phase on March 22, 2007. As of July 2008, Kongregate had raised around $9 million in capital from investments by Reid Hoffman, Jeff Clavier, Jeff Bezos, and Greylock Partners.
On July 23, 2010, GameStop announced an agreement to acquire Kongregate. Because of Gamestop's purchase of Kongregate, developers who work through Kongregate can have their content promoted to people who shop at a GameStop store. Kongregate also provides a way for creators of games on Facebook to expand their potential audience.
In early 2013, Kongregate announced a $10 million fund devoted to mobile gaming. The new mobile division is led by former Zynga executive Pany Haritatos. In 2014, the site introduced Kongpanions, acting as a trophy system and metagame in the form of small creatures, whether animals or personified objects. The Kongpanions players collect can then be used in some games on the site.
Kongregate announced plans in October 2016 to help developers bring their games to the Steam distribution platform with an updated software development kit to make it easy to port games between their web, mobile, and the Steam platforms (Windows, macOS, and Linux), and to support data sharing between these for players. This will enable games to take advantage of microtransactions through the Steam store for titles otherwise normally free-to-play.
On June 20, 2017, Kongregate announced it had closed a deal to be acquired by Swedish entertainment company Modern Times Group (MTG)  for $55 million. This follows MTG’s recent purchase of 51% of Hamburg-based online game developer InnoGames in 2016 and 2017. Planned as part of the deal is a change in focus from hosting third-party games to driving game development as well. "[...]we’ll be deepening our investment in several areas, from marketing/marketing tech to platform engineering. We’re also going to be investing in first-party development and potential acquisitions of our own within the games space," said CEO Emily Greer.
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