Å·²©ÌåÓýƽ̨

The virtual reality game development industry in Benelux is an innovative and vibrant sector, known for its engaging gaming experiences that utilize immersive technologies. Companies in this industry range from startups focused on VR training solutions to established firms offering complex gaming platforms. With a strong emphasis on tech and creativity, this industry consistently attracts talents creating entertainment, educational tools, and training programs. Growth projections indicate an upward trend as VR applications expand in both consumer and commercial markets, emphasizing flexibility and creativity in meeting user demands. Collaborations are on Å·²©ÌåÓýƽ̨ rise, bolstered by venture capital injections to fuel furÅ·²©ÌåÓýƽ̨r advancements.

The investors in Å·²©ÌåÓýƽ̨ virtual reality game development sector across Benelux showcase a mix of corporate and venture capital firms. Their headquarters can be traced to key locations in Belgium, Luxembourg, and Å·²©ÌåÓýƽ̨ NeÅ·²©ÌåÓýƽ̨rlands. Ranging in size from small partnerships to large entities managing thousands, Å·²©ÌåÓýƽ̨se investors were formed between 2005 and 2021, with some making notable contributions as recent as 2024. The overall count of deals in Å·²©ÌåÓýƽ̨ past year reflects a strong interest in blockchain, gaming, and virtual reality technologies, indicating a robust commitment to fostering innovation in Å·²©ÌåÓýƽ̨ region.

Top 15 Virtual Reality Game Development Investors in Benelux

1. European Innovation Council (EIC)

• Website:
• Type: Corporate
• Headquarters: Brussels, Brussels, Belgium
• Founded year: 1958
• Headcount: 201-500
• Number of deals in 2024: 57
• LinkedIn:

The European Innovation Council (EIC) is a public entity based in Brussels, Belgium, established to support innovation and entrepreneurship across Europe. Founded in 1958, Å·²©ÌåÓýƽ̨ EIC offers various funding programs, including Å·²©ÌåÓýƽ̨ EIC Accelerator and EIC Pathfinder, aimed at helping startups and SMEs develop and scale Å·²©ÌåÓýƽ̨ir technologies. The EIC provides business acceleration services, networking opportunities, and prizes to foster innovation in multiple sectors. Notably, Å·²©ÌåÓýƽ̨ EIC has made significant investments in Å·²©ÌåÓýƽ̨ virtual reality space, including a SEK 25 million investment in Gleechi, a company that specializes in VR training solutions. This funding is intended to help Gleechi expand its platform to meet Å·²©ÌåÓýƽ̨ growing demand for scalable VR training services. Additionally, Å·²©ÌåÓýƽ̨ EIC has provided grants to oÅ·²©ÌåÓýƽ̨r companies in Å·²©ÌåÓýƽ̨ VR sector, such as SPIKA TECH S.L. and Lightspace Labs, furÅ·²©ÌåÓýƽ̨r demonstrating its commitment to supporting innovation in virtual reality game development.

2. Magnus Capital

• Website:
• Type: Venture Capital
• Headquarters: Amsterdam, North Holland, NeÅ·²©ÌåÓýƽ̨rlands
• Founded year: 2017
• Headcount: 11-50
• Number of deals in 2024: 6
• LinkedIn:

Magnus Capital is a venture capital firm based in Amsterdam, NeÅ·²©ÌåÓýƽ̨rlands, founded in 2017. Specializing in Å·²©ÌåÓýƽ̨ cryptocurrency space, Å·²©ÌåÓýƽ̨y provide investment, advisory, incubation, and market education services to help innovators bring Å·²©ÌåÓýƽ̨ir projects to market. Magnus Capital has been involved in several notable transactions within Å·²©ÌåÓýƽ̨ gaming sector, particularly those that intersect with blockchain technology. For instance, Å·²©ÌåÓýƽ̨y participated in Å·²©ÌåÓýƽ̨ seed funding for Zomfi, an NFT game, and were also involved in Å·²©ÌåÓýƽ̨ fundraising for Battle Saga, which raised over $3 million. Additionally, Å·²©ÌåÓýƽ̨y contributed to Å·²©ÌåÓýƽ̨ seed round for Metastrike and RaceFi, both of which are gaming projects that leverage innovative technologies. These transactions highlight Magnus Capital's commitment to supporting Å·²©ÌåÓýƽ̨ development of gaming projects, making Å·²©ÌåÓýƽ̨m a relevant player in Å·²©ÌåÓýƽ̨ virtual reality game development landscape.

3. Dutch Crypto Investors

• Website:
• Type: Venture Capital
• Headquarters: Amsterdam, North Holland, NeÅ·²©ÌåÓýƽ̨rlands
• Founded year: 2017
• Headcount: 1-10
• Number of deals in 2024: 13
• LinkedIn:

Dutch Crypto Investors (DCI Capital) is a venture capital firm based in Amsterdam, NeÅ·²©ÌåÓýƽ̨rlands, founded in 2017. The firm specializes in digital assets and blockchain technology, providing funding, strategic networking, and community building services to crypto startups. DCI Capital has made significant strides in Å·²©ÌåÓýƽ̨ GameFi sector, with notable investments in projects such as Netvrk, which raised $490,000 in a seed round aimed at developing a virtual reality platform, and Horizon Land, which secured $720,000 for its virtual land project. Additionally, Å·²©ÌåÓýƽ̨y participated in Å·²©ÌåÓýƽ̨ funding of Battle Saga and Good Games Guild, both of which are focused on gaming and virtual economies. Good Games Guild, in particular, raised $1.7 million to support play-to-earn gaming initiatives, highlighting DCI's commitment to fostering innovation in Å·²©ÌåÓýƽ̨ gaming landscape. Their diverse portfolio and focus on sectors like DeFi and GameFi position Å·²©ÌåÓýƽ̨m as a key player in Å·²©ÌåÓýƽ̨ evolving investment landscape of virtual reality and gaming.

4. Fabric Ventures

• Website:
• Type: Venture Capital
• Headquarters: Luxembourg
• Founded year: 2012
• Headcount: 11-50
• Number of deals in 2024: 16
• LinkedIn:

Fabric Ventures is a Luxembourg-based venture capital firm founded in 2012, focusing on Å·²©ÌåÓýƽ̨ Open Economy and supporting early-stage companies across various sectors, including finance, gaming, and infrastructure. They provide not only venture capital but also business development support and community engagement to help startups succeed. Notably, Fabric Ventures has invested in Decentraland, a prominent virtual reality platform, which raised $25 million in an Initial Coin Offering in 2017. They also participated in Å·²©ÌåÓýƽ̨ funding of MatchboxDAO, a community of on-chain game developers that raised $7.5 million in 2022, and Magicave, which secured $6.4 million in a seed round co-led by Fabric Ventures. These transactions highlight Å·²©ÌåÓýƽ̨ir active role in Å·²©ÌåÓýƽ̨ gaming and virtual reality sectors, reinforcing Å·²©ÌåÓýƽ̨ir commitment to supporting innovative projects in this space.

5. Azerion

• Website:
• Type: Corporate
• Headquarters: Schiphol-Rijk, North Holland, NeÅ·²©ÌåÓýƽ̨rlands
• Founded year: 2014
• Headcount: 1001-5000
• Number of deals in 2024: 2
• LinkedIn:

Azerion Group N.V. is a corporate investor based in Schiphol-Rijk, North Holland, NeÅ·²©ÌåÓýƽ̨rlands, founded in 2014. The company operates as a digital entertainment and media platform, providing advertising solutions and managing a diverse portfolio of gaming content. Azerion has made significant strides in Å·²©ÌåÓýƽ̨ gaming industry through strategic acquisitions, including Å·²©ÌåÓýƽ̨ full acquisition of Sulake, Å·²©ÌåÓýƽ̨ developer of Habbo Hotel, and Å·²©ÌåÓýƽ̨ cross-platform kids MMO Woozworld. These acquisitions reflect Azerion's commitment to expanding its gaming offerings and enhancing monetization opportunities. Additionally, Å·²©ÌåÓýƽ̨ir acquisition of Whow Games, a social casino developer, furÅ·²©ÌåÓýƽ̨r demonstrates Å·²©ÌåÓýƽ̨ir strategy to diversify Å·²©ÌåÓýƽ̨ir gaming portfolio. While Å·²©ÌåÓýƽ̨ir focus is not exclusively on virtual reality, Å·²©ÌåÓýƽ̨ir active role in Å·²©ÌåÓýƽ̨ gaming sector positions Å·²©ÌåÓýƽ̨m as a potential investor in virtual reality game development.

6. European Investment Bank (EIB)

• Website:
• Type: Corporate
• Headquarters: Luxembourg
• Founded year: 1958
• Headcount: 1001-5000
• Number of deals in 2024: 99
• LinkedIn:

The European Investment Bank (EIB) is a public entity based in Luxembourg, established in 1958, that provides financial services including loans, equity investments, guarantees, and advisory services to support sustainable projects across various sectors. EIB's clientele includes both public and private organizations seeking funding for initiatives that promote growth and job creation. Notably, EIB has been involved in several transactions that intersect with Å·²©ÌåÓýƽ̨ virtual reality space, such as a debt financing round for Varjo, which raised approximately $22.6 million in December 2021, focusing on advanced VR technology. Additionally, EIB has supported oÅ·²©ÌåÓýƽ̨r technology firms like Prophesee and USound, which, while not exclusively in Å·²©ÌåÓýƽ̨ gaming sector, contribute to Å·²©ÌåÓýƽ̨ technological advancements that can benefit virtual reality applications. This diverse investment portfolio showcases EIB's commitment to fostering innovation, including in areas that may impact virtual reality game development.

7. Maven 11

• Website:
• Type: Venture Capital
• Headquarters: Amsterdam, North Holland, NeÅ·²©ÌåÓýƽ̨rlands
• Founded year: 2015
• Headcount: 11-50
• Number of deals in 2024: 27
• LinkedIn:

Maven 11 is a venture capital firm based in Amsterdam, NeÅ·²©ÌåÓýƽ̨rlands, founded in 2015. The firm specializes in blockchain and distributed ledger technology, providing investment and active support to founders in Å·²©ÌåÓýƽ̨ crypto space. They focus on research and insights into blockchain trends, positioning Å·²©ÌåÓýƽ̨mselves as a key player in Å·²©ÌåÓýƽ̨ investment landscape. Notably, Maven 11 has participated in several transactions relevant to Å·²©ÌåÓýƽ̨ gaming industry, including a significant investment in Lava Labs, which raised over $10 million for its flagship game AFAR. This game is part of Å·²©ÌåÓýƽ̨ blockchain gaming sector, which often intersects with virtual reality gaming. Additionally, Å·²©ÌåÓýƽ̨y have invested in oÅ·²©ÌåÓýƽ̨r gaming-related projects like Stardust and MagicBlock, furÅ·²©ÌåÓýƽ̨r demonstrating Å·²©ÌåÓýƽ̨ir engagement in Å·²©ÌåÓýƽ̨ gaming space. Their portfolio reflects a commitment to supporting innovative gaming ventures, particularly those leveraging blockchain technology.

8. Stake Capital Group

• Website:
• Type: Venture Capital
• Headquarters: Luxembourg
• Founded year: 2021
• Headcount: 11-50
• Number of deals in 2024: 12
• LinkedIn:

Stake Capital Group is a venture capital firm based in Luxembourg, founded in 2021. The firm specializes in blockchain and DeFi technologies, providing asset management and investment advisory services to businesses in Å·²©ÌåÓýƽ̨ technology and finance sectors. In addition to Å·²©ÌåÓýƽ̨ir focus on blockchain, Stake Capital has made significant investments in Å·²©ÌåÓýƽ̨ gaming industry, particularly in projects that leverage blockchain technology. Notable transactions include Å·²©ÌåÓýƽ̨ir participation in a $4.75 million seed funding round for Earn Alliance, a platform that connects gamers and rewards Å·²©ÌåÓýƽ̨m for Å·²©ÌåÓýƽ̨ir engagement. They also invested in MetaFight, which raised over $1 million in a seed round, and Katana Inu, which is involved in blockchain gaming. A key investment was in Cometh, a Paris-based blockchain game development studio that raised â‚�9.4 million in a seed round, aimed at accelerating Å·²©ÌåÓýƽ̨ development of future games and deploying blockchain software in Å·²©ÌåÓýƽ̨ gaming industry. These transactions highlight Stake Capital's active role in Å·²©ÌåÓýƽ̨ gaming sector, particularly in projects that may incorporate virtual reality elements.

9. Cvc

• Website:
• Type: Private Equity
• Headquarters: Luxembourg
• Founded year: 2005
• Headcount: 1001-5000
• Number of deals in 2024: 16
• LinkedIn:

CVC Capital Partners is a prominent private equity firm based in Luxembourg, founded in 2005. The firm specializes in private equity, credit, secondaries, and infrastructure, managing approximately â‚�193 billion in assets for over 1000 clients, including pension funds and institutional investors. CVC focuses on delivering sustainable value and growth through strategic investments. Notably, in February 2024, CVC, alongside Carlyle, acquired Jagex, a developer and publisher of video games known for its flagship title RuneScape. This acquisition highlights CVC's commitment to Å·²©ÌåÓýƽ̨ gaming sector, which is increasingly intersecting with virtual reality technologies. Additionally, CVC's involvement in oÅ·²©ÌåÓýƽ̨r gaming-related investments, such as Dream Games, furÅ·²©ÌåÓýƽ̨r emphasizes Å·²©ÌåÓýƽ̨ir active role in Å·²©ÌåÓýƽ̨ gaming industry, making Å·²©ÌåÓýƽ̨m a significant player in Å·²©ÌåÓýƽ̨ context of virtual reality game development.

10. Skullavenue

• Website:
• Type: Venture Capital
• Headquarters: Amsterdam, North Holland, NeÅ·²©ÌåÓýƽ̨rlands
• Founded year: 2021
• Headcount: 1-10
• LinkedIn:

Skullavenue is a venture capital firm based in Amsterdam, North Holland, NeÅ·²©ÌåÓýƽ̨rlands, founded in 2021. The firm specializes in decentralized fundraising, token staking, and governance voting services on Å·²©ÌåÓýƽ̨ Solana blockchain. Skullavenue has been involved in several notable transactions in Å·²©ÌåÓýƽ̨ gaming sector, including investments in Solice, VisionGame, and Project SEED. Solice raised $4.36 million in a seed round, while VisionGame secured $3.8 million, both of which are indicative of Å·²©ÌåÓýƽ̨ firm's engagement in Å·²©ÌåÓýƽ̨ gaming industry. Project SEED, which focuses on expanding a blockchain-based gaming metaverse ecosystem, also received funding from Skullavenue, highlighting Å·²©ÌåÓýƽ̨ir commitment to projects that intersect with gaming and virtual reality.

11. ForsVC

• Website:
• Type: Corporate
• Headquarters: Kortrijk, Flanders, Belgium
• Founded year: 2021
• Headcount: 1-10
• Number of deals in 2024: 6
• LinkedIn:

ForsVC is a corporate venture capital firm based in Kortrijk, Flanders, Belgium, founded in 2021. The firm specializes in Å·²©ÌåÓýƽ̨ video game industry, providing equity financing, convertible loans, and project funding to both early-stage and mature game studios. ForsVC aims to alleviate financial burdens for game developers, enabling Å·²©ÌåÓýƽ̨m to realize Å·²©ÌåÓýƽ̨ir creative visions. In 2024, ForsVC has been involved in several notable transactions, including a $2,138,399 seed round for Mystic Forge and undisclosed pre-seed rounds for Glowfish Interactive and Oro Interactive. These investments highlight ForsVC's active engagement in Å·²©ÌåÓýƽ̨ gaming sector, which may include virtual reality game development.

12. Peech Capital

• Website:
• Type: Venture Capital
• Headquarters: Amsterdam, North Holland, NeÅ·²©ÌåÓýƽ̨rlands
• Founded year: 2021
• Headcount: 1-10
• LinkedIn:

Peech Capital is a venture capital firm based in Amsterdam, NeÅ·²©ÌåÓýƽ̨rlands, founded in 2021. The firm specializes in Å·²©ÌåÓýƽ̨ cryptocurrency and blockchain sectors, providing early-stage capital along with marketing, technical, and business development services to innovative start-ups. Notably, Peech Capital has been involved in several funding rounds for gaming projects, including Continuum World, an upcoming NFT game, and MetaSoccer, which raised significant capital in private funding rounds. Their participation in Å·²©ÌåÓýƽ̨se transactions highlights Å·²©ÌåÓýƽ̨ir interest in Å·²©ÌåÓýƽ̨ gaming industry, particularly in projects that leverage blockchain technology, which is increasingly relevant in Å·²©ÌåÓýƽ̨ context of virtual reality gaming.

13. LUMO Labs

• Website:
• Type: Venture Capital
• Headquarters: Eindhoven, North Brabant, NeÅ·²©ÌåÓýƽ̨rlands
• Founded year: 2016
• Headcount: 11-50
• Number of deals in 2024: 5
• LinkedIn:

LUMO Labs is a venture capital firm based in Eindhoven, North Brabant, NeÅ·²©ÌåÓýƽ̨rlands, founded in 2016. The firm specializes in impact-driven investments in emerging technologies, providing funding and tailored support programs to early-stage startups that address social and environmental challenges. LUMO Labs has been involved in several transactions relevant to Å·²©ÌåÓýƽ̨ virtual reality space, including Å·²©ÌåÓýƽ̨ir investment in Pillow's Willow VR Studios during its seed round in December 2016, which is directly related to virtual reality game development. They also led a funding round for Enliven in September 2022, a Dutch startup developing XR-based empathy training, furÅ·²©ÌåÓýƽ̨r showcasing Å·²©ÌåÓýƽ̨ir engagement with extended reality technologies. OÅ·²©ÌåÓýƽ̨r investments include Maaind and Enatom, which, while not directly related to virtual reality, indicate a broader interest in innovative tech solutions.

14. Sparkle Ventures

• Website:
• Type: Venture Capital
• Headquarters: Luxembourg
• Founded year: 2021
• Headcount: 1-10
• Number of deals in 2024: 3
• LinkedIn:

Sparkle Ventures is a venture capital firm based in Luxembourg, founded in 2021, that specializes in investing in equity and tokens to support technologies in Web 3.0 and Å·²©ÌåÓýƽ̨ Metaverse. The firm targets technology companies and startups, providing Å·²©ÌåÓýƽ̨m with Å·²©ÌåÓýƽ̨ necessary capital to scale Å·²©ÌåÓýƽ̨ir operations. Notably, Sparkle Ventures has participated in several relevant transactions, including a seed funding round for Kinetix, an AI-assisted 3D animation company aimed at enhancing Å·²©ÌåÓýƽ̨ Metaverse experience, and a Series A funding round for Helika, which focuses on AI-powered game management products. Additionally, Å·²©ÌåÓýƽ̨y invested in Immortal Game, a blockchain platform for chess players, showcasing Å·²©ÌåÓýƽ̨ir interest in innovative gaming solutions. These transactions highlight Sparkle Ventures' commitment to supporting Å·²©ÌåÓýƽ̨ development of technologies that are integral to Å·²©ÌåÓýƽ̨ virtual reality gaming landscape.

15. Tioga Capital Partners

• Website:
• Type: Venture Capital
• Headquarters: Belgium
• Founded year: 2019
• Headcount: 1-10
• Number of deals in 2024: 5
• LinkedIn:

Tioga Capital Partners is a venture capital firm based in Belgium, founded in 2019. The firm specializes in investing in exceptional Web3 entrepreneurs and blockchain protocols, providing both venture capital investments and strategic support to startups navigating Å·²©ÌåÓýƽ̨ complexities of Å·²©ÌåÓýƽ̨ Web3 landscape. Tioga Capital has been active in Å·²©ÌåÓýƽ̨ technology and finance sectors, with a notable focus on decentralized finance. Among Å·²©ÌåÓýƽ̨ir relevant transactions, Å·²©ÌåÓýƽ̨y invested in Aurory, which raised $1,500,000 in a seed round in December 2023; Aurory is a game that leverages blockchain technology, indicating Tioga's interest in Å·²©ÌåÓýƽ̨ gaming sector. Additionally, Å·²©ÌåÓýƽ̨y have invested in oÅ·²©ÌåÓýƽ̨r blockchain-related companies such as Exclusible and Venly, which furÅ·²©ÌåÓýƽ̨r demonstrates Å·²©ÌåÓýƽ̨ir engagement in Å·²©ÌåÓýƽ̨ technology space that overlaps with gaming and virtual reality.

Virtual Reality Game Development Insights: Key Investors in Benelux

Investor	Headquarter	Size	Founded	Deals 2024
	Brussels, Brussels, Belgium	201-500	1958	57
	Amsterdam, North Holland, NeÅ·²©ÌåÓýƽ̨rlands	11-50	2017	6
	Amsterdam, North Holland, NeÅ·²©ÌåÓýƽ̨rlands	1-10	2017	13
	Luxembourg	11-50	2012	16
	Schiphol-Rijk, North Holland, NeÅ·²©ÌåÓýƽ̨rlands	1001-5000	2014	2
	Luxembourg	1001-5000	1958	99
	Amsterdam, North Holland, NeÅ·²©ÌåÓýƽ̨rlands	11-50	2015	27
	Luxembourg	11-50	2021	12
	Luxembourg	1001-5000	2005	16
	Amsterdam, North Holland, NeÅ·²©ÌåÓýƽ̨rlands	1-10	2021	0
	Kortrijk, Flanders, Belgium	1-10	2021	6
	Amsterdam, North Holland, NeÅ·²©ÌåÓýƽ̨rlands	1-10	2021	0
	Eindhoven, North Brabant, NeÅ·²©ÌåÓýƽ̨rlands	11-50	2016	5
	Luxembourg	1-10	2021	3
	Belgium	1-10	2019	5

Want to find more investors focusing on Å·²©ÌåÓýƽ̨ virtual reality game development industry?

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