Hiro Capital led the round alongside existing investors Accel and Makers Fund, allowing FRVR to invest heavily in great teams and content.
LISBON, Portugal, March 23, 2022 /PRNewswire/ — In its latest funding round, FRVR has secured US$76 million to be used for major content investments for FRVR's gaming platform. FRVR has built a powerful and popular platform that has seen the company reach over 1.5 billion players to date, with millions of daily active players on its platform, allowing its games to run anywhere.
Brian Meidell, CEO at FRVR
FRVR plans to invest heavily in high-quality games for its platform to bring a whole new level of content to channels in the app stores and beyond. The company has spent the last year significantly expanding the team, building strong development and distribution partnerships, and bringing great games to the platform. The financing round combines debt financing with an equity investment from Hiro Capital and Accel and Makers Fund.
"FRVR is in an exciting phase where the strength of their team and distribution network combined with a whole new level of game content will rapidly grow their player base," said Luke Alvarez, Founding Managing Partner at Hiro Capital We're confident that FRVR can bring quality content to many new players."
"We look forward to bringing together the full power of our existing platform, partnerships with world-class games and teams, and delivering deeper experiences to our multiple distribution channels," said Brian Meidell, CEO of FRVR. "This round allows us to raise the bar for to significantly elevate the type of games that can be played across our many gaming channels, so players will be able to play great games wherever they are already spending their time."
FRVR* is a gaming platform company building an ecosystem to connect billions of gamers with immersive games. FRVR is on a mission to democratize game distribution by working with great developers and innovative partners to make great games available to everyone, everywhere. With FRVR, finding great games is never more than three clicks away. Founded in 2017 by game industry veterans Chris Benjaminsen and Brian Meidell, FRVR has grown from a small hobby project to over 100 employees in 6 offices worldwide.
FRVR is changing the game, forever.
*FRVR is a member of IAB US and a TCF Vendor member of IAB Europe.
Hiro Capital: Investors in the future
Hiro Capital is a London/Luxembourg technology venture capital fund investing in UK, US and European innovators in games, intellectual property, metaverse technology, web 3.0, esports and gamified fitness. Hiro Capital typically invests in the Seed, Series A and B stages. We invest in Front-End Content Creators across Games, IP, Esports and Digital Fitness as well as Deep Tech Metaverse and Web 3.0 Applications from Cloud, Mobile , streaming, creator tools, big data, AI, wearables, AR and VR. – https://hiro.capital/