Lisbon-based gaming distribution platform FRVR has achieved a significant milestone by raising $12.7 million in its latest funding round, pushing its total funding to over $100 million. Founded by industry veterans Chris Benjaminsen and Brian Meidell, FRVR’s mission is to connect global audiences with games they adore while fostering a robust creator economy.
Over the past five years, FRVR has evolved from a modest two-person initiative into a thriving enterprise with over 80 employees spread across six international offices. The company has achieved remarkable success, with more than 1 billion gameplays across its extensive portfolio of over 100 games. As FRVR continues to expand its reach, it remains dedicated to delivering outstanding gaming experiences and supporting creators worldwide.
Brian Meidell, Co-Founder of FRVR, expressed his enthusiasm about the new funding: “We’re thrilled to have secured this funding. Over the past few years, our focus has been on optimizing the mass distribution of games across various channels. We are now channeling our efforts into enhancing our platform to provide the best environment for game creation, distribution, and player interaction. Our new AI-driven game development engine, Forge, is designed to accelerate the creation process for developers and enable non-developers to build and share games seamlessly across mobile, PC, and web platforms.”
The funding round was led by Iberis Capital, with contributions from Indico Capital Partners, Lince Capital, and returning investor Hiro Capital. João Henriques, Partner at Iberis Capital, remarked, “We are delighted to support FRVR’s groundbreaking AI-powered game creation platform. We believe that FRVR.ai has the potential to democratize game development and expand accessibility for a broader spectrum of creators.”
Stephan de Moraes, Managing General Partner at Indico Capital, added, “FRVR’s innovative tools have the potential to transform the industry by significantly enhancing the speed and efficiency of game creation and distribution. This investment underscores our belief in FRVR’s ability to drive meaningful change.”
Editorial Opinion:
FRVR’s latest funding is not just a financial boost but a testament to the company’s potential to reshape the gaming landscape. The integration of AI through the Forge engine represents a paradigm shift, promising to streamline game development and make it more inclusive. This move is particularly significant in an industry where traditional development processes can be both time-consuming and costly. By enabling both seasoned developers and novices to create and distribute games more efficiently, FRVR is poised to democratize game creation, offering new opportunities for innovation and creativity.
The company’s commitment to expanding its platform and enhancing user experiences aligns with broader trends in the gaming industry towards more personalized and accessible gaming experiences. FRVR’s approach could potentially set new standards for how games are developed and shared, offering a model that other companies may follow. As the gaming industry continues to grow and evolve, FRVR’s forward-thinking strategies and dedication to empowering creators place it at the forefront of this dynamic sector.
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