# Jagex Limited

Jagex Limited is an other based in Cambridge, United Kingdom.

## Overview

- **Organization type:** other
- **Headquarters:** Cambridge, United Kingdom
- **Region:** Europe
- **Address:** Cambridge, United Kingdom
- **Founded:** 2001
- **Assets under management:** Undisclosed
- **Website:** jagex.com
- **LinkedIn:** https://www.linkedin.com/company/jagex

## Regulatory record

- **Reports private funds:** No

## About

Jagex Limited was formed in 2001 by brothers Andrew and Paul Gower in Cambridge, UK. The company built and launched RuneScape in 2001, a browser-based MMORPG that grew into one of the largest free-to-play games globally, with a player base spanning over 200 million registered accounts (per Jagex, 2023). Jagex operates as a private limited company, not a traditional family office or asset manager. Its revenue model combines a free-to-play tier with a paid subscription called RuneScape Membership, which provides access to additional content and features. Jagex has sustained the game through continuous updates, expansions, and the 2013 release of Old School RuneScape, a version based on a 2007 backup. The company has not diversified into other game franchises at scale; it remains heavily dependent on the RuneScape IP. Geographic revenue is global, with significant player communities in the US, UK, and Canada. Jagex has undergone several ownership changes. It was acquired by US-based investment firm Insight Venture Partners in 2015, then by Macarthur Fortune Holding in 2021 (per Reuters, 2021). The company does not publicly disclose headcount, AUM, or investment activity. As of 2023, major operational activity included the launch of RuneScape: Dragonwilds, a survival game spin-off, signaling an attempt to expand beyond the core franchise. Jagex's structural differentiator is its lock-in to a single game franchise that has generated revenue for over two decades, an anomaly in the gaming industry. The company does not operate external investments or third-party capital; it is a pure-play operating company. Succession and governance have been shaped by the founders' departure — Andrew Gower left the company in 2010.

## Sectors

- Media & Entertainment

## People

- Andrew Gower — Co-Founder
- Paul Gower — Co-Founder

## Questions

### What is the business model of Jagex?

Jagex earns revenue primarily through a free-to-play model supported by optional subscription fees for RuneScape Membership. The company also generates income from in-game purchases, cosmetics, and limited-time events. It has not disclosed total revenue or profit figures.

### Does Jagex manage external capital or invest in other companies?

No. Jagex is an operating company that develops and publishes its own video games. It does not manage third-party capital, make external investments, or operate as a family office or asset manager.

### Who are the key figures at Jagex?

Founders Andrew Gower and Paul Gower started Jagex in 2001. Andrew Gower was the lead developer of RuneScape and left the firm in 2010. As of 2023, the CEO is John N. (per Jagex's official website).

### What game franchises does Jagex operate?

Jagex operates primarily RuneScape and its variant Old School RuneScape. It launched RuneScape: Dragonwilds in 2023. It has not successfully launched a major franchise beyond these.

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Last updated: 2026-06-03T20:00:00.000Z

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