FRVR, a leading game platform company, announced the successful closing of a €11.6 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.
The company 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 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.
“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.”
“We’re excited to partner with FRVR and support their mission to revolutionize the game creation industry,” commented 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.“
