• Send Us A Tip
  • Calling all Tech Writers
  • Advertise
Wednesday, May 21, 2025
  • Login
  • Register
TechStory
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to
No Result
View All Result
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to
No Result
View All Result
TechStory
No Result
View All Result
Home Gaming

Believer Entertainment Raises $55M Series A Funding Led by Lightspeed to Launch New Gaming Venture

by Khilav Jadav
March 7, 2023
in Gaming, News
Reading Time: 2 mins read
0
Believer Entertainment Raises $55M Series A Funding Led by Lightspeed to Launch New Gaming Venture

Credits - Yahoo

TwitterWhatsappLinkedin

Believer Entertainment, a new gaming studio founded by former executives of Riot Games, has announced the closing of a $55 million Series A funding round. This funding will help launch the company’s new gaming venture. CEO Michael Chow shared that the amount raised was more than what the company had initially planned for. The gaming industry has seen a rise in investment despite uncertain economic conditions.

You might also like

What Makes Social Sweepstakes Casinos Safe and Fun for Everyone

Top Esports Titles to Bet On in 2025 and Why They Matter

Reddit Bans Radical Subreddit After Fatal Blast Outside Fertility Clinic

Credits – Yahoo

The gaming industry has grown significantly over the past few years, and investors have taken notice of this trend. According to Chow, investors have become more bullish and long-term focused, particularly over the past five to seven years. This has contributed to the growth of investment in the gaming space. Lead investor Lightspeed, in particular, is increasing its gaming presence. The firm recently hired Moritz Baier-Lentz as its head of gaming and a partner in January.

Believer Entertainment is led by CEO Michael Chow, a former vice president of Riot Games, and Steven Snow, the company’s chief product officer and a founding member of Riot. The funding will primarily be used to hire staff to develop the company’s new gaming venture. Several notable investors participated in the funding round, including Andreessen Horowitz, Bitkraft Ventures, Riot Games, 1Up Ventures, Don Thompson’s Cleveland Avenue, and Michael Eisner’s Tornante Company.

Believer Entertainment is primarily focused on building open-world games. This approach aligns with the trend of gaming developers not tying themselves to a single platform. Believer joins the list of gaming studios that are focusing on developing games that can be played across multiple platforms.

The funding raised by Believer Entertainment is significant for the gaming industry. It indicates that investors are confident in the future of the gaming space, despite the current economic climate. The gaming industry has seen significant growth in recent years, which is expected to continue. As more people look to gaming for entertainment, the industry is poised for continued success.

In conclusion, Believer Entertainment has announced the closing of a $55 million Series A funding round to help launch the company’s new gaming venture. The gaming industry continues to see an increase in investment despite uncertain economic conditions. Investors have become more bullish, and long-term focused over the past few years, contributing to the growth of investment in the gaming space. Believer Entertainment is led by former executives of Riot Games and will primarily focus on building open-world games. The funds raised will be used to hire staff to develop the company’s new gaming venture. This development indicates the trend of gaming developers not tying themselves to a single platform. With more people turning to gaming for entertainment, the industry is poised for continued growth and success.

Tags: Believer EntertainmentBeliever Entertainment FundingBeliever Entertainment Raises $55MLightspeed
Tweet54SendShare15
Previous Post

How to get the Recipe and Ingredients for the Edurus Potion in Hogwarts Legacy

Next Post

Early Mario Day Deals: Get ‘Mario Kart 8 Deluxe’ for 35% Off and More on Amazon

Khilav Jadav

Content writer at Techstory Media with a passion for gaming and finance. Currently pursuing a degree in data science, exploring the latest gaming titles and analyzing financial trends.

Recommended For You

What Makes Social Sweepstakes Casinos Safe and Fun for Everyone

by Techstory
May 21, 2025
0
Photo by Cindy F on Unsplash

As online entertainment continues to evolve, more people are discovering a new way to enjoy digital play through social sweepstakes casinos. Platforms like Fortune Coins Casino are leading...

Read more

Top Esports Titles to Bet On in 2025 and Why They Matter

by Techstory
May 21, 2025
0
Top Esports Titles to Bet On in 2025 and Why They Matter

Esports betting continues to grow in 2025 as new titles vie for players’ attention and long-standing franchises remain strong. You can find markets on fast-paced shooter games, tactical...

Read more

Reddit Bans Radical Subreddit After Fatal Blast Outside Fertility Clinic

by Harikrishnan A
May 21, 2025
0
Surge in Reddit’s MOON Token Price Following Deflationary Strategy Unveil

Reddit has shut down a controversial subreddit linked to a fringe anti-life ideology after a deadly explosion rocked a fertility clinic in Palm Springs, California. The platform’s move...

Read more
Next Post
Early Mario Day Deals: Get ‘Mario Kart 8 Deluxe’ for 35% Off and More on Amazon

Early Mario Day Deals: Get 'Mario Kart 8 Deluxe' for 35% Off and More on Amazon

Please login to join discussion

Techstory

Tech and Business News from around the world. Follow along for latest in the world of Tech, AI, Crypto, EVs, Business Personalities and more.
reach us at [email protected]

Advertise With Us

Reach out at - [email protected]

BROWSE BY TAG

#Crypto #howto 2024 acquisition AI amazon Apple bitcoin Business China cryptocurrency e-commerce electric vehicles Elon Musk Ethereum facebook flipkart funding Gaming Google India Instagram Investment ios iPhone IPO Market Markets Meta Microsoft News NFT samsung Social Media SpaceX startup startups tech technology Tesla TikTok trend trending twitter US

© 2024 Techstory.in

No Result
View All Result
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to

© 2024 Techstory.in

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?