Three international video game studios are the latest picks for Hiro Capital, a relatively new fund based in London and Luxembourg that focuses on video games, the metaverse, esports and digital fitness. The cheques totaled $15 million.
The three mobile and cross-platform studios – Snowprint Studios in Stockholm/Berlin, Happy Volcano in Belgium and Double Loop Games in San Francisco – will use Hiro’s investment to expand their development pipelines and accelerate global growth.
Founded in 2015, 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 this past January.
Happy Volcano, a new studio in Leuven that secured funding after attending Hiro Capital’s Dark Star™ VC investment summit for early-stage games studios. Last year the team released narrative exploration game The Almost Gone and are preparing to launch a cross-platform game called “You Suck at Parking”.
They join UK and US studios Flavourworks, Polyarc and Lightfox in the firm’s portfolio, which has been steadily building since launching in October 2019.