The tabletop gaming industry in DACH thrives on creativity and passion, encompassing board games, card games, and role-playing experiences. Various companies, from independent studios to established publishers, create unique offerings that cater to both casual players and enthusiasts. Recently, there has been a surge in combining traditional games with digital elements, catering to a tech-savvy audience. One interesting trend is the rise of crowdfunding platforms, enabling innovative projects to gain traction and funding directly from fans. As the industry continues to evolve, it embraces more immersive experiences and community-driven initiatives.

In 2024, the DACH region witnessed dynamic activity in tabletop gaming investments, with venture capital firms, private equity, and corporate investors leading the charge. The majority of investors are based in Berlin, reflecting its vibrant tech ecosystem. With deal counts ranging from two to 13, these investors vary from small teams to larger firms, showing a solid commitment to nurturing growing companies in the gaming sector. Notable firms include Oracles Investment Group and Project A, showcasing a keen interest in innovative gaming solutions.

Top 10 Tabletop Gaming Investors in DACH

1. Oracles Investment Group

• Website: oiginvest.com
• Type: Venture Capital
• Headquarters: Berlin, Berlin, Germany
• Founded year: 2017
• Headcount: 11-50
• Number of deals in 2024: 10
• LinkedIn: oracles-investment-group

Oracles Investment Group is a venture capital firm based in Berlin, Germany, founded in 2017. The firm specializes in investing in decentralized finance, metaverse development, and blockchain gaming, providing high-net-worth individuals and institutional investors with research, strategic partnerships, and consulting services to navigate the crypto market effectively. Notable transactions include investments in companies like Sidus Heroes and VisionGame, which are involved in gaming and may have elements that appeal to tabletop gaming enthusiasts. Their recent investments in projects like Sekuya and NexGami further demonstrate their active role in the gaming sector, particularly in innovative and digital formats that could complement or enhance traditional tabletop gaming experiences.

2. L1d Ag

• Website: l1d.com
• Type: Corporate
• Headquarters: Zurich, Zurich, Switzerland
• Founded year: 2018
• Headcount: 11-50
• Number of deals in 2024: 5
• LinkedIn: l1digital

L1D AG is an investment management firm based in Zurich, Switzerland, founded in 2018. The firm specializes in institutional investing, particularly in the cryptocurrency market, providing portfolio management, investment advisory, and asset management services to institutional clients. In 2024, L1D AG has made notable investments in the gaming sector, including a $12.4 million venture round for Pixion Games, a $2 million seed round for Opti Games, and a $2 million venture round for Oxalis Games. These transactions highlight L1D's commitment to supporting innovative gaming companies, particularly in the tabletop gaming context, while leveraging their expertise in navigating complex investment landscapes.

3. Project A

• Website: project-a.com
• Type: Venture Capital
• Headquarters: Berlin, Berlin, Germany
• Founded year: 2012
• Headcount: 51-200
• Number of deals in 2024: 13
• LinkedIn: project-a-ventures

Project A is a venture capital firm based in Berlin, Germany, founded in 2012. They specialize in early-stage tech investments and provide operational support for startups. Their services include consulting in tech and growth, access to a network of investors, and pre-seed investment opportunities. In 2024, Project A has made 13 investments, showcasing their active role in the investment landscape. Notably, they have invested in companies like Netspeak Games, which raised $12 million in a Series A funding round to develop their first game, 'Sunshine Days'. Additionally, they invested in Immersive Gamebox, which raised over $11 million in a Series A round, further highlighting their engagement in the gaming sector. These transactions demonstrate Project A's commitment to supporting innovative gaming ventures, making them a significant player in the tabletop gaming investment space.

4. Blockchain Founders Capital

• Website: bfc.vc
• Type: Venture Capital
• Headquarters: Altenahr, Rhineland-Palatinate, Germany
• Founded year: 2022
• Headcount: 1-10
• Number of deals in 2024: 8
• LinkedIn: blockchain-founders-capital

Blockchain Founders Capital is a venture capital firm based in Altenahr, Rhineland-Palatinate, Germany, founded in 2022. The firm specializes in investing in early-stage companies that operate at the intersection of Web2 and Web3, focusing on mission-driven founders. They provide not only capital but also strategic support and networking opportunities to help startups thrive in the competitive blockchain industry. Notably, Blockchain Founders Capital has invested in several gaming-related ventures, including Last Gameboard, which raised $225,000 in a Seed Round, and ELEET GAMES, which secured funding in a Pre-Seed Round. These transactions highlight their engagement in the gaming sector, particularly in innovative gaming solutions that may appeal to tabletop gaming enthusiasts.

5. Greenfield Capital

• Website: greenfield.xyz
• Type: Venture Capital
• Headquarters: Berlin, Berlin, Germany
• Founded year: 2018
• Headcount: 11-50
• Number of deals in 2024: 6
• LinkedIn: greenfield-one

Greenfield Capital is a Berlin-based venture capital firm founded in 2018, specializing in cryptocurrency and blockchain technology. The firm provides funding and operational support to early-stage blockchain projects, helping them navigate the complexities of launching and managing their networks. Notably, Greenfield Capital has been involved in several transactions relevant to the gaming industry. They led a $3 million seed round for Unbound Nation, which aims to enhance NFT portfolios in the gaming community. Additionally, they participated in funding Immortal Game, a blockchain-based platform for chess players, which raised $12 million in its Series A round. These investments highlight Greenfield Capital's commitment to supporting innovative projects at the intersection of gaming and blockchain technology.

6. NEAR Foundation

• Website: near.foundation
• Type: Corporate
• Headquarters: Zug, Zug, Switzerland
• Founded year: 2020
• Headcount: 51-200
• Number of deals in 2024: 4
• LinkedIn:

NEAR Foundation is a not-for-profit organization based in Zug, Switzerland, founded in 2020. It focuses on enabling community-driven innovation within the blockchain ecosystem, providing support and resources for the development of decentralized applications. In the context of tabletop gaming, NEAR Foundation has been involved in funding Vorto Gaming, which raised significant amounts through various funding rounds, including a $4 million investment round and smaller grants. These transactions highlight NEAR Foundation's commitment to supporting innovative gaming projects that utilize blockchain technology, making it a relevant player in the tabletop gaming space.

7. Seier Capital

• Website: seiercapital.com
• Type: Venture Capital
• Headquarters: Jonschwil, St. Gallen, Switzerland
• Founded year: 2015
• Headcount: 1-10
• Number of deals in 2024: 6
• LinkedIn: seiercapital

Seier Capital is a private family office based in Jonschwil, St. Gallen, Switzerland, founded in 2015. The firm specializes in investment services, particularly in the blockchain sector, and is known for providing grants and strategic guidance to startups and businesses. In 2022, Seier Capital led a pre-seed funding round for Gamepay, which raised $1.2 million to develop a platform for launching play-to-earn games. This investment highlights their engagement in the gaming industry, particularly in projects that leverage blockchain technology. Additionally, they participated in the Gateway App's pre-seed round, further showcasing their commitment to innovative tech solutions. Overall, Seier Capital's focus on high-impact potential projects and their active role in the gaming sector position them as a notable investor in the tabletop gaming landscape.

8. FLEX Capital

• Website: flex.capital
• Type: Private Equity
• Headquarters: Berlin, Berlin, Germany
• Founded year: 2018
• Headcount: 11-50
• Number of deals in 2024: 2
• LinkedIn: flex-capital-management-gmbh

FLEX Capital Management GmbH is a private equity firm based in Berlin, Germany, founded in 2018. The firm specializes in investments in software and internet companies, particularly those that are bootstrapped and have revenues between 5 and 50 million euros. FLEX Capital provides operational expertise and financial support to help these businesses scale effectively. Notably, they have made significant investments in the gaming sector, acquiring a majority stake in Nitrado, a game hosting and server software company, on February 4, 2021, and acquiring Apex Hosting on December 15, 2021. Both companies play crucial roles in the gaming ecosystem, particularly for online and digital tabletop gaming experiences.

9. APX Talent Pool

• Website: apx.vc
• Type: Venture Capital
• Headquarters: Berlin, Berlin, Germany
• Founded year: 2018
• Headcount: 11-50
• Number of deals in 2024: 7
• LinkedIn: apx-talent-pool

APX Talent Pool is a venture capital firm based in Berlin, founded in 2018, that specializes in earliest-stage investments in startups with digital business models. Backed by prominent entities like Axel Springer and Porsche, APX provides funding and growth assistance to ambitious pre-seed startups, helping them navigate the challenges of launching and scaling their businesses. Notably, APX has invested in gaming-related startups such as Fridai the Gamer Assistant, which raised $56,683 in a pre-seed round in March 2019, and GameBuddy, which raised $149,069 in a similar round around the same time. These transactions highlight APX's engagement in the gaming sector, particularly in supporting innovative solutions that enhance the gaming experience.

10. System.One

• Website: systemone.vc
• Type: Corporate
• Headquarters: Berlin, Berlin, Germany
• Founded year: 2016
• Headcount: 1-10
• Number of deals in 2024: 2
• LinkedIn: system-one-vc

System.One is a venture capital firm based in Berlin, Germany, founded in 2016. The firm specializes in early-stage investments, typically ranging from €300k to €1.5M, and focuses on technology-driven companies in sectors such as AI, data analytics, and developer tooling. In 2023, System.One participated in the pre-seed funding round for Martian Lawyers Club, a generative AI powered game personalization startup, which raised $2.2 million. This investment highlights System.One's interest in innovative gaming solutions, particularly those that leverage technology to enhance the gaming experience. Their approach aims to support founders at the inception stage, making them a potentially impactful partner for startups in the gaming industry.

Tabletop Gaming Insights: Key Investors in DACH

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