Venture capital fund Hiro Capital said it has invested a total of $15 million in three international video game studios, including Stockholm-headquartered Snowprint Studios.
Snowprint Studios was founded in 2015 in Stockholm, Sweden and has since grown with a second studio in Berlin. 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 January 21, as well as an undisclosed AAA mobile IP coming soon out of its Berlin studio.
“We had heard great things about Hiro and have been impressed by the entire team from our very first interactions,” said Snowprint’s Alexander Ekvall.
“The team has a deep understanding of building successful games companies and this is reflected in the support they provide. The backing from Hiro means we are better equipped than ever to execute on our mission to deliver genre-defining experiences,” Ekvall said.
Hiro Capital, which focuses on Games, Sports and Metaverse technologies has now made a total of 11 investments.
“On every dimension, in every market, 2020/21 has been a story of strong growth – in users, sales, devices, stream views, and innovations. People fell in love, got married and graduated in games and are coming out of lockdown stronger thanks to gamified wearables and VR fitness tech. As a VC, it is exciting to see our sector focus so emphatically confirmed,” said Luke Alvarez, Founding Partner of Hiro.