Lisbon-based FRVR, a pioneering game platform company, has successfully secured $12.7 million in a recent funding round. This significant investment, led by Iberis Capital and supported by Indico Capital Partners, Lince Capital, and returning investors such as Hiro Capital, underscores the confidence in FRVR's innovative approach to game creation and distribution.

FRVR's Vision and Mission

FRVR was established in 2017 by industry veterans Chris Benjaminsen and Brian Meidell to democratize game creation and distribution. The company's mission is to connect everyone, everywhere, to games they love, and to empower creators globally with the tools to develop and monetize their content. Over the past five years, FRVR has grown from a two-person passion project to a team of over 80 employees spread across six offices worldwide.

The Funding Round

The $12.7 million funding round is a significant milestone for FRVR, bringing the company's total funding to over $100 million. This investment will be instrumental in further developing FRVR's AI-powered game creation platform, which aims to revolutionize the game development industry by making it more accessible to both developers and non-developers.

FRVR's AI-Powered Game Creation Platform

At the heart of FRVR's strategy is its new AI-first game development engine, Forge. This innovative tool is designed to help developers create games faster than ever before and to enable non-developers to create and distribute games across multiple channels, including mobile, PC, and web. The platform aims to simplify the game creation and distribution process, making game development accessible to everyone.

Investor Perspectives

João Henriques, Partner at Iberis Capital, expressed enthusiasm for FRVR's potential to democratize game development. "We're delighted to be part of this funding round and to be investing in FRVR's innovative AI-powered game creation platform," he said. "We believe that FRVR.ai's technology has the potential to make game development more accessible to a wider range of creators."

Stephan de Moraes, Managing General Partner at Indico Capital, echoed this sentiment, stating, "FRVR’s 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."

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."

Future Plans for FRVR

With the new funding, FRVR plans to enhance its platform, focusing on advancing its AI engine to provide more personalized gaming experiences. The company is committed to scaling a creator economy that empowers creators worldwide, providing them with the tools to develop and monetize their content. This approach aims to drive innovation and enrich the gaming experience for users globally.

FRVR's Success and Impact

FRVR's success is a testament to its dedicated user base, partners, and creators who have driven its growth. The company has reached over 1 billion gameplays across more than 100 games and continues to deliver exceptional experiences and empower creators globally. With support from industry leaders, FRVR is poised to make a significant impact on the gaming industry.

The $12.7 million funding round is a significant step forward for FRVR, enabling the company to further develop its AI-powered game creation platform and empower creators worldwide. With the support of leading investors, FRVR is well-positioned to revolutionize the game creation industry and democratize game development, making it more accessible to a wider range of creators. The future looks bright for FRVR as it continues to innovate and enrich the gaming experience for users globally.