FRVR raises $12.7M to revolutionize game creation and empower developers

FRVR ApS :

Lisbon, August 13th 2024 -  FRVR, a leading game platform company, announced the successful closing of a $12.7 million funding round. This round was led by Iberis Capital, with the participation of Indico Capital Partners, Lince Capital, and returning investors such as Hiro Capital. This significant investment is a testament to the confidence that FRVR's new and existing investors have in the company's vision and execution. 


"We're thrilled to have secured this funding." said Brian Meidell, Co-Founder of FRVR. "We've spent the last few years solving mass distribution of games across a myriad of channels – We are now working on making our platform the best possible place to create and distribute games and interact with your players. Our new AI first game development engine, Forge, helps developers create faster than ever and non-developers to create and distribute games across multiple channels, including mobile, PC, and web. Our platform is designed to simplify the game creation and distribution process, making games development accessible to everyone. “


The funding will enable FRVR to further develop its AI-powered game creation platform, which has the potential to disrupt the status quo and provide a new level of speed of creation and distribution for developers and non-developers, as noted by João Henriques, Partner at Iberis Capital. “We're delighted to be part of this funding round and to be investing in FRVR's innovative AI-powered game creation platform, We believe that FRVR.ai's technology has the potential to democratize game development and make it more accessible to a wider range of creators. We're excited to support the team as they continue to push the boundaries of what's possible in the game creation industry."


Indico Capital, an investor in the round, shares their enthusiasm for FRVR.ai's technology. "We're excited to partner with FRVR and support their mission to revolutionize the game creation industry," said Stephan de Moraes, Managing General Partner at Indico Capital "Their innovative tool has the potential to disrupt the status quo and provide a new level of speed of creation and distribution for developers and non-developers. We believe that FRVR has a bright future ahead and are looking forward to working with the team to achieve their goals."


Luke Alvarez, Managing General Partner at Hiro Capital, added: “FRVR has built a unique synthesis of Gen AI game creation and instant game distribution - we are excited to continue to support this amazing team on the next stage of their journey.“


What’s next for FRVR?


FRVR will use the new funding to enhance its platform, focusing on advancing its AI engine for more personalized gaming experiences and scaling a creator economy that empowers creators worldwide, with a commitment to providing creators with the tools to develop and monetize their content, driving innovation and enriching the gaming experience.


FRVR's success is a testament to its dedicated user base, partners, and creators who have driven its growth. With support from industry leaders, FRVR has reached over 1 billion gameplays across 100+ games, and continues to deliver exceptional experiences and empower creators globally.


About FRVR


FRVR is a leading game creation and distribution platform founded by games industry veterans Chris Benjaminsen and Brian Meidell in 2017 and specializes in facilitating the creation and distribution of fun games for all channels and platforms. With a commitment to innovation and excellence, and dedication to democratize game creation and distribution by making sure to deliver great games for everyone, everywhere, working alongside amazing developers and innovative partners.


About Iberis Capital


Founded in 2017, Iberis Capital is a Venture Capital and Private Equity fund manager based in Lisbon, Portugal. Iberis Capital invests in Venture Capital, Mid-Market and Yielding Investments with flexible investment structures adapted to the companies’ needs. With more than 500 million euros in assets under management and a base of over 1000 investors, Iberis Capital establishes collaborative partnerships and has contributed to the development of some of the most promising national technological companies, having the capacity to support them at different stages of their growth.


About Indico Capital Partners


Indico Capital Partners is a leading independent Venture Capital fund manager based in Portugal, investing in Iberian-related global and sustainable technology companies. Indico funds invest in deep tech, software as a service, marketplaces, artificial intelligence, the Internet of Things, fintech, cybersecurity, web3 and ocean-related companies. Indico´s range of investments goes, mostly, from Pre-Seed to Series B (100k and 10M euros) in Portuguese and Spanish-related startups. Indico is often the first investor in a startup and, given the teams´ backgrounds, works very closely with portfolio companies. Since 2019, Indico has invested 87 million euros in 48 companies, which have raised more than 1.9 billion euros from global investors.


About Lince Capital


Lince Capital is a prominent venture capital firm based in Lisbon, Portugal, specializing in the creation and management of venture capital and specialized investment funds. Founded in 2016, Lince Capital manages over €100 million across more than 10 funds. The firm focuses on investing in Portuguese companies with high growth potential, spanning seed-stage to growth-stage investments. Lince Capital recently launched a €146 million fund aimed at supporting Portuguese startups. The firm also established a private equity department to further diversify its investment portfolio.