The video game sound design industry in Benelux is a vibrant sector dedicated to crafting auditory experiences in interactive entertainment. Companies range from small indie studios to larger firms specializing in audio technology for games. These businesses not only create soundtracks and sound effects but also advance audio technology, such as immersive sound formats and VR soundscapes. As the gaming industry rapidly expands, the demand for high-quality sound design is soaring, fueling innovation in audio tools and techniques. The region is becoming a hotspot for sound designers, reflecting a growing recognition of sound as a key component of gaming success.


The list of 12 investors showcases a striking mix of venture capital, corporate finance, and private equity firms primarily located in Amsterdam, Brussels, and Luxembourg. Founded between 1958 and 2021, these investors vary in size, with some managing assets for thousands of clients, while others focus on a narrow portfolio. They collectively participated in numerous funding rounds in 2024, reflecting an active interest in the gaming sector, specifically sound design technologies, which highlights their strategic foresight in this creative field.


Top 12 Video Game Sound Design Investors in Benelux


1. Magnus Capital


Magnus Capital is a venture capital firm based in Amsterdam, Netherlands, founded in 2017. Specializing in the cryptocurrency space, they provide investment, advisory, incubation, and market education services to help innovators bring their projects to market. Magnus Capital has been actively involved in several transactions within the gaming sector, particularly in the NFT and play-to-earn gaming space. Notable investments include Zomfi, an NFT game that raised $2.6 million, and Demole, which secured $1.937 million in funding. They also participated in the funding rounds for GoFungibles, which is launching a global game and a gamified marketplace, and Metastrike, which raised $3.3 million. These transactions highlight Magnus Capital's commitment to supporting innovative gaming projects, making them a relevant investor in the video game sound design industry.


2. European Innovation Council (EIC)


The European Innovation Council (EIC) is a public entity based in Brussels, Belgium, established to support innovation and entrepreneurship across Europe. It offers various funding programs, including the EIC Accelerator and EIC Pathfinder, aimed at helping startups and SMEs develop and scale their technologies. The EIC also provides business acceleration services, networking opportunities, and prizes to foster innovation across different sectors. Notably, the EIC has been involved in funding transactions relevant to the video game sound design industry, such as Treble Technologies, which raised €2.5 million in a grant from the EIC to accelerate its digital sound and virtual sound platform. Additionally, the EIC participated in a Series A funding round for Treble, further emphasizing its commitment to supporting innovative sound technology. Another relevant transaction includes the EIC's involvement in the Series A funding for Sensibel, a company focused on sound technology, indicating the EIC's interest in advancing sound-related innovations.


3. Dutch Crypto Investors


Dutch Crypto Investors (DCI Capital) is a venture capital firm based in Amsterdam, specializing in digital assets and blockchain technology. Founded in 2017, DCI Capital provides funding, strategic networking, and community building services to crypto startups, helping them navigate the complexities of the digital asset landscape. In 2024 alone, they participated in 13 investments, demonstrating their active role in the investment community. Notably, they have invested in several gaming-related projects, including Netvrk, which raised $490,000 in a seed round in 2021, and OP Games, a blockchain gaming startup that has attracted significant funding from various venture capital firms. Their investment in VisionGame, which raised $3.8 million in 2022, further highlights their commitment to the gaming sector. DCI Capital's focus on GameFi positions them as a key player in the evolving investment landscape of the gaming industry, including aspects like sound design.


4. Azerion

  • Website: azerion.com
  • Type: Corporate
  • Headquarters: Schiphol-Rijk, North Holland, Netherlands
  • Founded year: 2014
  • Headcount: 1001-5000
  • Number of deals in 2024: 2
  • LinkedIn: azerion

Azerion Group N.V. is a corporate investor based in Schiphol-Rijk, North Holland, Netherlands, founded in 2014. It operates as a digital entertainment and media platform, providing advertising solutions while managing a diverse portfolio of gaming content. Notably, Azerion has made several strategic acquisitions in the gaming industry, including Spil Games and Sulake, the latter being known for the popular online game Habbo Hotel. These acquisitions enhance Azerion's capabilities in the gaming sector, which inherently involves sound design as part of the gaming experience. Additionally, Azerion's acquisition of Sublime and Madvertise further indicates its focus on integrating technology and advertising within the gaming landscape, which can also encompass sound design elements.


5. Fabric Ventures

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

Fabric Ventures is a Luxembourg-based venture capital firm founded in 2012, focusing on investing in the Open Economy. They support early-stage companies across various sectors, including finance, gaming, and infrastructure, providing not only capital but also business development support and community engagement. Notably, Fabric Ventures has participated in significant funding rounds for gaming companies, such as Homa Games, which raised over $99 million in a Series B round, and Magicave, which secured $6.4 million in a seed round co-led by Fabric. Their investment in Cartridge, which raised $7.5 million in Series A, further emphasizes their commitment to the gaming industry. These transactions highlight Fabric Ventures' active role in the gaming sector, making them a relevant player in the video game sound design space.


6. Maven 11

  • Website: maven11.com
  • Type: Venture Capital
  • Headquarters: Amsterdam, North Holland, Netherlands
  • Founded year: 2015
  • Headcount: 11-50
  • Number of deals in 2024: 27
  • LinkedIn: maven11

Maven 11 is a venture capital firm based in Amsterdam, specializing in blockchain and distributed ledger technology. Founded in 2015, the firm has established itself as a key player in the investment landscape, particularly in the crypto space. They provide not only capital but also active support to founders, helping them navigate the complexities of the market. In 2022, Maven 11 participated in a Series A funding round for Lava Labs, which raised over $10 million for its flagship game AFAR, highlighting their engagement in the gaming sector. Additionally, they have been involved in various other transactions, such as the Seed Round for Stardust and Odyssey, which further demonstrates their interest in emerging technologies within the gaming industry. Their focus on research and insights into blockchain trends positions them well to support innovative projects that may include video game sound design elements.


7. Stake Capital Group

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

Stake Capital Group is a Luxembourg-based venture capital firm founded in 2021, specializing in blockchain and DeFi technologies. They provide asset management and investment advisory services to businesses in the technology and finance sectors. In 2022, they participated in a significant funding round for Cometh, a Paris-based blockchain game development studio, which raised €9.4 million to accelerate the development of future games and deploy blockchain software in the video game industry. Additionally, they have invested in other gaming-related projects such as Earn Alliance and MetaFight, indicating their active role in the gaming sector, which may encompass sound design aspects.


8. M Ventures

  • Website: m-ventures.com
  • Type: Venture Capital
  • Headquarters: Amsterdam, North Holland, Netherlands
  • Founded year: 2009
  • Headcount: 11-50
  • Number of deals in 2024: 18
  • LinkedIn: merck-ventures

M Ventures is a venture capital fund based in Amsterdam, Netherlands, founded in 2009. The firm specializes in investing in transformative ideas within the biotechnology and technology sectors, focusing on startups in healthcare, life sciences, and advanced technology. M Ventures provides funding and strategic guidance to help these startups achieve commercial success. Notably, M Ventures has participated in funding rounds for gaming companies, including Mighty Bear Games, a mobile studio that raised several million dollars in seed funding to expand its team and develop new titles. This investment highlights M Ventures' engagement in the gaming industry, which may encompass aspects of video game sound design as part of the overall game development process. Additionally, their involvement in Akili Interactive Labs, a company that develops prescription video games, further illustrates their interest in the intersection of technology and gaming, although it is more focused on health applications. Overall, M Ventures demonstrates a willingness to invest in innovative gaming ventures, making them a noteworthy player in the video game sound design landscape.


9. ForsVC

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

ForsVC is a corporate venture capital firm based in Kortrijk, Flanders, Belgium, founded in 2021. The firm specializes in the 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 them to realize their creative visions. Notable transactions include a seed round investment in Cyborn, which raised over $2.26 million in December 2021, and pre-seed investments in Glowfish Interactive and Oro Interactive in 2024. These investments highlight ForsVC's active role in supporting game development, which inherently includes sound design as a crucial element of creating immersive gaming experiences.


10. European Investment Bank (EIB)


The European Investment Bank (EIB) is a public entity based in Luxembourg, founded 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 relevant to the video game industry, such as a debt financing round for Rovio Entertainment Corporation, which raised over $34 million in 2014, and a Series D investment in USound, which raised approximately $28 million in 2021. These transactions highlight EIB's engagement with companies that contribute to the video game sound design landscape, showcasing their potential interest in this niche market.


11. s16vc - Founders for Founders Fund

  • Website: s16vc.com
  • Type: Venture Capital
  • Headquarters: Amsterdam, North Holland, Netherlands
  • Founded year: 2020
  • Headcount: 11-50
  • Number of deals in 2024: 7
  • LinkedIn: s16vc

s16vc - Founders for Founders Fund is a venture capital firm based in Amsterdam, Netherlands, founded in 2020. The firm focuses on providing advisory services to companies, emphasizing the importance of strategic guidance in management. Notably, s16vc has participated in several relevant transactions, including Dubformer, which raised $3.6 million in a seed round and is likely involved in audio technology, and Playgama, which raised $3 million in a seed round and is presumably related to gaming. These investments highlight s16vc's engagement in sectors that are pertinent to video game sound design, making them a noteworthy player in this space.


12. Prosus Group

  • Website: prosus.com
  • Type: Venture Capital
  • Headquarters: Amsterdam, North Holland, Netherlands
  • Founded year: 2019
  • Headcount: 10001+
  • Number of deals in 2024: 21
  • LinkedIn: prosus-group

Prosus Group is a global technology investor and operator based in Amsterdam, Netherlands, founded in 2019. The firm focuses on enhancing everyday life through technology across various sectors, including online classifieds, food delivery, payments, and education technology, serving over two billion customers worldwide. Notably, Prosus has made significant investments in the gaming sector, such as its participation in the funding rounds for Immutable Systems, a startup that provides a non-fungible token scaling solution and is actively involved in the gaming industry. In 2022, Immutable raised $200 million in a Series C funding round, which was aimed at accelerating growth and scaling its gaming studio. This involvement highlights Prosus's interest in the gaming ecosystem, which is closely tied to sound design and development.



Video Game Sound Design Insights: Key Investors in Benelux


InvestorHeadquarterSizeFoundedDeals 2024
Magnus CapitalAmsterdam, North Holland, Netherlands11-5020176
European Innovation Council (EIC)Brussels, Brussels, Belgium201-500195857
Dutch Crypto InvestorsAmsterdam, North Holland, Netherlands1-10201713
AzerionSchiphol-Rijk, North Holland, Netherlands1001-500020142
Fabric VenturesLuxembourg11-50201216
Maven 11Amsterdam, North Holland, Netherlands11-50201527
Stake Capital GroupLuxembourg11-50202112
M VenturesAmsterdam, North Holland, Netherlands11-50200918
ForsVCKortrijk, Flanders, Belgium1-1020216
European Investment Bank (EIB)Luxembourg1001-5000195899
s16vc - Founders for Founders FundAmsterdam, North Holland, Netherlands11-5020207
Prosus GroupAmsterdam, North Holland, Netherlands10001+201921


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