Lisbon-headquartered FRVR, a game development platform startup, has scored $12.7 million in funding. The round was led by Iberis Capital, with the participation of Indico Capital Partners, which invested in Nortech AI, Lince Capital, which backed Cargofive, and returning investors such as Hiro Capital.
How will it use the investment?
FRVR will use the new funding to enhance its platform, focusing on advancing its AI engine for more personalised gaming experiences and scaling a creator economy that empowers creators worldwide, with a commitment to providing creators with the tools to develop and monetise their content, driving innovation and enriching the gaming experience.
Investors’ views
João Henriques, Partner at Iberis Capital said. “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 democratise 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 revolutionise 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 does FRVR do?
Founded in 2017 by gaming industry veterans Chris Benjaminsen and Brian Meidell, FRVR is rooted in a vision to unite people around the globe with games that captivate and resonate. The company aims to redefine gaming, ensuring exceptional and diverse gaming experiences are accessible to all, anywhere at any time.
By engaging with forward-thinking partners, it leverages collective content, expertise, and innovative technology to extend the reach of game distribution beyond conventional app stores, tailoring unique gaming channels to specific audience needs. This shift represents a significant transformation in the discovery and consumption of games.
“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.“
What do we think about FRVR?
The Portuguese startup is poised to significantly impact the gaming industry by democratising game development through its AI-powered platform. It enables both developers and non-developers to create and distribute games quickly across multiple channels. By expanding beyond traditional app stores and offering personalised gaming experiences, FRVR is redefining how games are created, discovered, and consumed, making high-quality gaming more accessible globally.
