Return Entertainment secures investment from Samsung Next and appoints a new CEO

Helsinki-based cloud-gaming studio Return Entertainment has announced the appointment of Vesa Jutila as its CEO and a significant investment from Samsung Next.
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Return Entertainment develops bite-sized AAA games using its zero-integration technology designed for smart TV gaming. Established in 2019, the company is committed to reshaping the gaming landscape through cloud-native technology.

Vesa Jutila, a seasoned sales and marketing executive experienced in cloud gaming, will steer Return Entertainment as its CEO. This transition is part of the company’s plan to elevate its trajectory. Antti Sartanen, the former CEO, will transition into the role of Head of User Experience and concurrently serve on the company’s Board of Directors.

Return Entertainment’s vision of transforming gaming through cloud-native technology has prompted the strategic decision to appoint Vesa Jutila as CEO, harnessing his extensive experience and expertise.

Vesa Jutila brings a wealth of experience as a global sales and marketing executive specializing in cloud gaming. His career includes roles such as Vice President, Commercial Operations, and General Manager of Rovio China at Rovio Entertainment, as well as Co-founder and Chief Commercial Officer for Rovio’s cloud-gaming subsidiary, Hatch Entertainment. Before becoming Interim Chief Commercial Officer at Return Entertainment, Vesa held the CEO position at Leadoo Marketing Technologies, a Helsinki-based MarTech SaaS company.

Supported by investors including Sisu Game Ventures, Bitkraft Ventures, Vgames, 1Up Ventures, and SMOK Ventures, Return Entertainment has raised 5.3 million Euros (approximately 5.7 million dollars) during its pre-seed and seed rounds. To further solidify its financial position and augment execution capabilities, the company has garnered investment from Samsung Next. The investment has been secured at a valuation consistent with the previous seed round, with select existing investors participating pro-rata.

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