Hiro Capital, a London-based VC firm focused on backing innovators in video games, the metaverse, e-sports and digital fitness announced leading funding rounds totalling €6.8 million in two European-based game studios.
The European startups are Stockholm/Berlin-based Snowprint and Belgian startup Happy Volcano. Hiro Capital invested €1.8 million in Happy Volcano and €5 million in Snowprint studios on 26 February 2021.
About Snowprint Studios.
Founded in 2015 by Alexander Ekvall and Patrik Lindegrén, Snowprint Studios is a collective of games industry veterans for the everyday mobile gamer developers of Legend of Solgard. It is based in Stockholm, Sweden and has a studio in Berlin as well. It aims to take the gameplay experience to a much deeper level while making mobile mid-core free-to-play games accessible. Snowprint Studios is operating a debut mobile title Legend of Solgard and is working on three new mobile projects – Givengard, a turn-based tactics game and an undisclosed AAA mobile IP.
“We had heard great things about Hiro and have been impressed by the entire team from our very first interactions. 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.” –Alexander Ekvall, Founder of Snowprint Studios.
About Happy Volcano
Founded in 2015 by David Prinsmel, Jeroen Janssen and Peter Maasen, Happy Volcano is an award-winning game development studio. It is working on You Suck at Parking, a racing game where the goal is to stop and have released The Almost Gone – a narrative exploration game and Pixel Picasso – an augmented reality memory game. Happy Volcano’s total funds raised stands at around €1.8 million.
“Teaming up with Hiro Capital means we can take the next step on our journey to become a leading creative game studio. Attending the Dark Star event in 2020 made it clear to us that Hiro brings a lot of value besides just funding. Knowing that an industry legend like Ian Livingstone is backing your vision gives the entire team confidence that we are on the right path.” — Jeroen Janssen, Founder and CEO at Happy Volcano.
Ian Livingstone, the co-founding partner at Hiro Capital, said, “We are excited to begin 2021 by announcing Hiro’s investment in three amazing games studios, Snowprint, Double Loop and Happy Volcano. Each studio has demonstrated innovation and expertise in developing fun to play games that resonate with today’s audiences. I’m especially pleased that one of the studios came through our first Dark Star event for emerging indies looking to scale their businesses. If only venture capital had been interested in the games sector back in the 1970s, I might not have had to sleep in a van during the early days of Games Workshop!”
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