Marmalade is the UK’s leading developer of mobile, console and PC board games. Its catalogue includes classics such as Monopoly, Cluedo and Game of Life.
Based in London, the business also has offices in Lisbon and Bucharest, and is one of the most successful publishers in the video board games market. It focuses on family-friendly games using established intellectual property which are also available on platforms such as Apple Arcade.
We have seen people’s love for gaming blossom as they have fun and maintain connections with friends and family through gameplay.”
Supporting organic growth
LDC invested £22.5m in September 2021 to support the existing management team, led by joint CEOs Michael Willis and Cristina Mereuta, as they invest in the development of new games and recruiting new talent.
It was important to us that our backer was supportive of the strong working culture we have created, and we know from LDC’s track record they will help us to maintain the creative spirit and supportive environment that Marmalade is known for.”
Unlocking fresh growth opportunities
In recent years, the business has strengthened its platform partnerships and direct distribution agreements, creating more predictable and diversified revenue streams.
In 2025, Marmalade introduced the cloud gaming platform Amazon Luna as a new distribution channel, and was an official launch partner for Amazon GameNight, a curated selection of games designed to be played on the TV using mobile phones as controllers. As a result of this partnership, the company now has five titles available on the platform, with two new games in development.
In August 2026, Marmalade announced FY25 revenue of £12.7 million and Adjusted EBITDA of £5.2 million. It is on track for record growth in FY26, with EBITDA forecast to almost double again.