FRVR Secures €11.6 Million in Funding
FRVR, a Lisbon, Portugal-based game platform company, has secured €11.6 million in a funding round.
The round was led by Iberis Capital, with participation from Indico Capital Partners, Lince Capital, and returning investors such as Hiro Capital.
Iberis Capital, founded in 2017, is a Private Equity and Venture Capital fund manager with over €570 million in assets under management. Backed by a diversified investor base of more than 1,200 investors, Iberis operates in three main areas: Mid-Market Private Equity, Venture Capital, and Yielding Investments.
The company will use the 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.
Founded in 2017 by Chris Benjaminsen and Brian Meidell, FRVR provides a game creation and distribution platform for developers and non-developers to create and distribute games across various channels, including mobile, PC, and web. Its AI-powered game development engine, Forge, is designed to streamline the creation process and enhance personalization in gaming experiences. The company's mission is to democratize game distribution by delivering great games for everyone, everywhere.
Funding Details
Company: FRVR Limited
Raised: €11.6M
Round: Unknown
Funding Date: August 2024
Lead Investors: Iberis Capital
Additional Investors: Indico Capital Partners, Lince Capital, Hiro Capital
Company Website: https://corp.frvr.com/
Software Category: AI Game Creation