Hiro Capital Leads $15M Investments Into Three Video Game Studios

Hiro Capital, an entrepreneur-led venture capital fund focused on backing innovators in video games, the Metaverse, Esports and Digital Fitness, led led $15M of Investment into three international video game studios.

The three mobile and cross-platform studios are:

  • Snowprint Studios. Founded in 2015 in Stockholm, Sweden, the studio has since grown with a second studio in Berlin. The team is led by industry veterans Alexander Ekvall and Patrik Lindegren, each formerly of King, John Hargelid, formerly of Paradox Interactive, and Wilhelm Osterberg, formerly of Wooga. Snowprint Studios operates their debut mobile title Legend of Solgard and is now also working on three new mobile projects, including Rivengard, a turn-based tactics game that launched globally on 21st January 2021, as well as an undisclosed mobile IP coming soon out of its Berlin studio;   
  • Double Loop Games, a San Francisco-based social mobile game studio working on its debut title. The team is led by industry veterans Emily Greer, co-founder of Kongregate and Shelby Moledina, formerly of Warner Bros, Games and DeNA. The studio is now preparing to launch its exciting social mobile title, made for players who don’t think of themselves as gamers, and
  • Happy Volcano, a new studio from Belgium that secured funding after attending Hiro Capital’s Dark Star™ VC investment summit for early stage Games studios. Last year, the studio released the game The Almost Gone and are currently working on a new soon-to-launch cross-platform game You Suck at Parking. It is led by Jeroen Janssen, Founder and CEO.

The studios intend to use the funds to expand their development pipelines and accelerate global growth.

They join UK and US Games studios Flavourworks, Polyarc and Lightfox in the Hiro Capital portfolio, alongside pioneers in the gamification of Games Streaming and Digital Fitness LIV.tv, Edgegap, Fix XR and Nurvv.

Led by Luke Alvarez, Founding Partner, and Cherry Freeman and Ian Livingstone, co-founding Partners, Hiro Capital is a London / Luxembourg technology vc fund which invests in UK, US and European innovators in Games, Metaverse Technology, Esports and Digital Fitness. The firm generally invests at the post-seed Series A and B stages, both in front-end Content creators in Games, Esports and Digital Sports and in deep tech Metaverse applications of Cloud, Mobile, Streaming, Big Data, AI, Wearables, AR and VR technologies.