Top 10 Most Active Games Investors in Europe



From the cold shores of Iceland and Finland (Mainframe, Supercell) to the bustling Bazaar's of Istanbul (Peak Games), Europe is home to the present and future of global video games.

It's no secret that Europe has led the charge on global Video Game (especially mobile) development. Since the real emergence of Video Games in the 90's, roughly over $3.5bn of Venture Capital has been invested in the industry. As is true with most things in life, success breeds success, and on that basis Europe still has a long way to go.


If you are the founder in the games space or wondering who you should speak to when it comes to raising from European Games VC's, then we've got you covered.


The following list outlines the most active investors in European Games Companies. The funds can be domiciled anywhere, but this list looks at who has been most active in Europe.

#10 - Northzone



Northzone is one of Europe's best known VC firms having backed continental Unicorns such as Spotify, Klarna and Hopin. They are an early-stage fund who has been increasingly active across games, and should be on many founders list of funds to talk to in the industry.

Offices: London, Stockholm & New York.

Investment Stage: Typically Series-A investors, but occasionally investing earlier at the Seed Stage.

# of European Games Investments: 5

Notable Games Portfolio: Kahoot!, Klang Games and Space Ape.

#9 - Initial Capital



Initial Capital has been consistently strong when it comes to games investments, having backed Supercell at the Seed & Series A stage. So far in 2021 the fund has been a little quieter and generally appear lower volume than some of the other games investors in Europe.

Offices: London

Investment Stage: Predominantly Seed/Series-A

# of European Games Investments: 7

Notable Games Portfolio: Supercell and Ape Games.

#8 - Tencent



Tencent are one of the most iconic technology companies in the Games & Entertainment sector globally. Founded in China in 1998, it has quickly risen to become the worlds largest video game vendor and taken majority holdings in companies such as Riot Games, Supercell, Epic Games, Fatshark and more.

Offices: Singapore, Tokyo, Amsterdam, Palo Alto, Seoul, HongKong, Bangkok.

Investment Stage: Typically Series-B onwards.

# of European Games Investments: 7

Notable Games Portfolio: Supercell, Fatshark, Plain Vanilla and many more.

#7 - Creandum



Creandum have been increasingly active across the continent. Best known for their seed investment in Spotify, the firm are certainly making mark name in the games sector with three exits to their name (so far) in Kahoot!, Peak and PlayRaven.

Offices: Stockholm, Berlin and San Fransisco.

Investment Stage: Seed, Series-A and beyond.

# of European Games Investments: 7

Notable Games Portfolio: Kahoot!, Blast, Resolution Games and more.