The video game sound design industry in the Nordics thrives on innovation, emphasizing immersive audio experiences that enhance gaming. Companies ranging from small indie developers to large studios are focusing on creating unique soundscapes and unique audio technologies tailored for various game genres. This rapidly evolving sector is not just about integrating rich soundtracks; it's about crafting intricate audio narratives that engage players. As gaming moves more towards virtual and augmented realities, the demand for sophisticated sound design continues to grow, driving investments and development in this niche yet vital component of game production.


The list features a blend of venture capital and corporate investors strategically headquartered across the Nordic region. Notably, these investors range in size from small firms to larger corporations, having been established between 1994 and 2022. In 2024, they executed numerous investments in the burgeoning video game sound design field. Among them, Sisu Game Ventures and Embracer Group reflect the solid commitment to fostering growth in this creative and technical domain, indicating a vibrant investment climate in Nordic gaming.


Top 14 Video Game Sound Design Investors in the Nordics


1. Sisu Game Ventures

  • Website: sisu.vc
  • Type: Venture Capital
  • Headquarters: Helsinki, Uusimaa, Finland
  • Founded year: 2014
  • Headcount: 1-10
  • Number of deals in 2024: 2
  • LinkedIn: sisu-game-ventures

Sisu Game Ventures is a venture capital fund based in Helsinki, Finland, founded in 2014. The firm specializes in early-stage investments in the gaming industry, providing funding, strategic support, and industry connections to game developers and startups. Their mission is to help these companies navigate the challenges of building successful gaming ventures. Notable transactions include a $1 million seed funding for Utopos Games, which is developing its first PC game, and participation in seed funding for FuzzyBot, an indie game developer focused on creating a co-operative game. These investments highlight Sisu's commitment to supporting innovative gaming projects, which may encompass various elements of game design, including sound design.


2. Stillfront

  • Website: stillfront.com
  • Type: Corporate
  • Headquarters: Ödeshög, Östergötland, Sweden
  • Founded year: 2010
  • Headcount: 1001-5000
  • LinkedIn: stillfront

Stillfront Group is a corporate investor based in Ödeshög, Östergötland, Sweden, founded in 2010. The company is a prominent player in the gaming industry, developing and publishing a wide array of digital games that attract nearly 50 million players monthly. Stillfront focuses on creating engaging gaming experiences across various genres, including strategy and simulation. The company has made several strategic acquisitions to bolster its portfolio, including a majority stake in Simutronics Corp. in 2016, the acquisition of Everguild in 2020, and the purchase of Nanobit for at least $100 million, which highlights their commitment to expanding their game offerings. Additionally, their acquisition of Game Labs Inc. for $32.5 million further emphasizes their focus on enhancing their strategy and action game genres. These transactions indicate that Stillfront is actively involved in the gaming ecosystem, which includes sound design as a vital element of game development.


3. Embracer Group

  • Website: embracer.com
  • Type: Corporate
  • Headquarters: Karlstad, Varmland, Sweden
  • Founded year: 1999
  • Headcount: 51-200
  • LinkedIn: embracergroup

Embracer Group is a game development and entertainment publishing company based in Karlstad, Varmland, Sweden, founded in 1999. The company specializes in creating and distributing a diverse range of video games across various platforms, serving gamers and entertainment consumers with engaging content and experiences. Embracer Group has made significant strides in the industry through strategic acquisitions, including Eidos, Gearbox Software for $1.3 billion, 4A Games, Tarsier, and Saber Interactive for $525 million. These acquisitions enhance their capabilities in game development, which includes sound design as a vital aspect of creating immersive gaming experiences. With a global presence and numerous internal studios, Embracer Group is well-positioned to influence the video game sound design landscape.


4. Mtg

  • Website: mtg.com
  • Type: Corporate
  • Headquarters: Stockholm, Stockholm, Sweden
  • Founded year: 1987
  • Headcount: 11-50
  • Number of deals in 2024: 1
  • LinkedIn: mtg

Modern Times Group (MTG) is a gaming and entertainment company based in Stockholm, Sweden, founded in 1987. With a team size of 11-50, MTG operates a portfolio of gaming studios that develop and publish a wide range of mobile and browser games. The company is known for its focus on user engagement and innovation in gaming experiences. In recent years, MTG has made significant investments in the gaming sector, including the acquisition of Snowprint Studios for an estimated $50 million, which is known for developing Warhammer 40,000: Tacticus. This acquisition reflects MTG's strategy to expand its gaming portfolio and enhance its capabilities in game development. Additionally, MTG has participated in funding rounds for various studios, such as leading a $2.8 million funding round for Sviper, a mobile gaming studio, and supporting Phoenix Labs in their Series B and C funding rounds. These transactions highlight MTG's active role in the gaming industry, which encompasses various aspects of game development, including sound design.


5. Almi

  • Website: almi.se
  • Type: Venture Capital
  • Headquarters: Stockholm, Stockholm, Sweden
  • Founded year: 1994
  • Headcount: 201-500
  • Number of deals in 2024: 7
  • LinkedIn: almi-ab

Almi AB is a financial services company based in Stockholm, Sweden, founded in 1994. It provides loans, risk capital, and business development support to small and medium-sized enterprises (SMEs) in Sweden, aiming to enhance their growth and competitiveness through tailored financial solutions. Among their notable transactions, Almi has invested in Reactional Music, which raised $360,755 in 2018, focusing on music technology that can be applied in video game sound design. They also invested in Audiodo, which raised $1,700,632 in 2019, specializing in audio technology that can enhance sound experiences in various applications, including video games. These investments highlight Almi's engagement in sectors that are relevant to video game sound design, despite their broader focus on SMEs.


6. Heartcore Capital

  • Website: heartcore.com
  • Type: Venture Capital
  • Headquarters: Copenhagen, Denmark
  • Founded year: 2007
  • Headcount: 11-50
  • Number of deals in 2024: 17
  • LinkedIn: heartcorecapital

Heartcore Capital is a venture capital firm based in Copenhagen, Denmark, founded in 2007. The firm specializes in investing in early-stage technology companies and emphasizes building long-term relationships with entrepreneurs. Heartcore has been active in the video game industry, participating in funding rounds for companies such as Fast Travel Games, a VR games studio, and TrapLight Games, known for their mobile game Battle Legion. Their investments in these companies highlight their commitment to supporting innovative gaming ventures, which often include significant elements of sound design in their projects.


7. Creandum

  • Website: creandum.com
  • Type: Venture Capital
  • Headquarters: Stockholm, Stockholm, Sweden
  • Founded year: 2003
  • Headcount: 11-50
  • Number of deals in 2024: 17
  • LinkedIn: creandum

Creandum is a venture capital firm based in Stockholm, Sweden, founded in 2003. They specialize in supporting early-stage entrepreneurs in building global, category-defining companies across various sectors, including fintech and health tech. Creandum provides venture capital investment, strategic support, and networking opportunities to startups. Notably, they have invested in Epidemic Sound, which raised $5 million in a Series A round to expand its library of music and soundtracks, crucial for video game sound design. Additionally, they participated in funding rounds for Resolution Games, which focuses on creating high-quality games and expanding their library of augmented and virtual reality games. These investments highlight Creandum's commitment to nurturing companies that contribute to the sound design and gaming industries.


8. EQT Ventures

  • Website: eqtventures.com
  • Type: Venture Capital
  • Headquarters: Stockholm, Stockholm, Sweden
  • Founded year: 2015
  • Headcount: 11-50
  • Number of deals in 2024: 28
  • LinkedIn: eqt-ventures

EQT Ventures is a venture capital firm founded in 2015, based in Stockholm, Sweden, that specializes in investing in early-stage tech startups. They provide financial support and operational assistance to entrepreneurs, helping them navigate the challenges of building successful businesses. With a focus on technology, EQT Ventures connects startups with a global network of industry experts and resources to foster growth and innovation. Notably, EQT Ventures has led significant funding rounds in the gaming industry, including a €3.3 million investment in WarDucks, a studio focused on augmented reality games, and a $2.5 million seed funding for Colossi Games, which is developing its first game. They also invested €8 million in TrapLight Games, known for their mobile game Battle Legion, and participated in multiple funding rounds for Small Giant Games, which has seen substantial success in the gaming market. These transactions highlight EQT Ventures' active role in the gaming sector, particularly in companies that likely incorporate sound design into their development processes.


9. FOV Ventures

  • Website: fov.ventures
  • Type: Venture Capital
  • Headquarters: Helsinki, Uusimaa, Finland
  • Founded year: 2022
  • Headcount: 1-10
  • Number of deals in 2024: 11
  • LinkedIn: fov-ventures

FOV Ventures is a venture capital firm based in Helsinki, Uusimaa, Finland, founded in 2022. The firm specializes in investing in early-stage technology startups, with a particular emphasis on the Metaverse and spatial computing. They provide capital, strategic guidance, and access to a network of industry experts to help founders grow their businesses. In 2024, FOV Ventures has made 11 investments, including notable transactions in the gaming sector such as Psytec Games, which raised funds in pre-seed rounds in both 2023 and 2024, and Roro, a new gaming studio led by veterans from Toca Boca and Mojang, which raised €1.5 million with participation from FOV Ventures. These transactions highlight FOV Ventures' active role in the gaming industry, which is closely related to sound design.


10. Business Finland

  • Website: businessfinland.fi
  • Type: Corporate
  • Headquarters: Helsinki, Uusimaa, Finland
  • Founded year: 2018
  • Headcount: 501-1000
  • Number of deals in 2024: 26
  • LinkedIn: business-finland

Business Finland is a public entity that supports Finnish companies in their growth and internationalization efforts. Founded in 2018, it offers funding, consulting services, and market opportunities to help businesses innovate and succeed in global markets. Business Finland plays a crucial role in promoting trade, tourism, and foreign investment in Finland. In the context of the video game industry, Business Finland has been involved in several notable transactions, including providing funding to Nitro Games through post-IPO debt and participating in a pre-seed funding round for Makea Games, a Finnish game studio focused on creativity in gaming. Additionally, they provided a grant to Next Games, further demonstrating their commitment to supporting the gaming sector.


11. Lifeline Ventures


Lifeline Ventures is a venture capital firm based in Helsinki, Uusimaa, Finland, founded in 2009. The firm specializes in early-stage investments in startups across various sectors, providing financial backing and advisory services to entrepreneurs. Lifeline Ventures has a notable focus on supporting resilient founders from the inception of their ventures. Among their relevant transactions in the video game industry, they have invested in Everywear Games, which raised $2.25 million to design games for smartwatches, and Mindfield Games, which secured $375,721 in seed funding. They also participated in funding rounds for Supercell, a prominent game developer, and Mojiworks, which raised £2.1 million to launch new game projects. These investments highlight Lifeline Ventures' engagement in the gaming sector, particularly in companies that may intersect with sound design in their game development processes.


12. Thunderful Games

  • Website: thunderfulgames.com
  • Type: Corporate
  • Headquarters: Gothenburg, Västra Götaland, Sweden
  • Founded year: 2017
  • Headcount: 201-500
  • LinkedIn: thunderful

Thunderful Games, founded in 2017 and based in Gothenburg, Sweden, is a corporate investor in the video game industry, focusing on both development and publishing. The company has made several strategic acquisitions to bolster its portfolio, including Coatsink Software, Early Morning Studio, Headup, Station Interactive, and Guru Games. These acquisitions reflect Thunderful's commitment to expanding its capabilities and offerings in the gaming sector. Given that sound design is a vital element of game development, Thunderful's investments in these studios likely enhance their expertise and resources in this area, making them a significant player in the video game sound design landscape.


13. Paradox Interactive


Paradox Interactive AB, founded in 1999 and based in Solberga, Stockholm, Sweden, is a prominent video game publisher and developer known for its specialization in strategy and management games. With a workforce of 501-1000 employees, Paradox operates through multiple development studios and actively engages with its community to enhance player experiences. The company has made several strategic acquisitions to bolster its portfolio, including Iceflake Studios, which they acquired in July 2020, and Haemimont Games, acquired in February 2025. These acquisitions align with Paradox's strategy of collaborating with studios that contribute to their game development, including sound design. Notably, their acquisition of Harebrained Schemes in June 2018, known for titles like BattleTech and Shadowrun Returns, further emphasizes their commitment to quality game production, which encompasses sound design. Paradox's investments in these studios suggest a focus on enhancing the overall gaming experience, including audio elements, making them a relevant player in the video game sound design industry.


14. Inventure

  • Website: inventure.vc
  • Type: Venture Capital
  • Headquarters: Helsinki, Uusimaa, Finland
  • Founded year: 2005
  • Headcount: 11-50
  • Number of deals in 2024: 9
  • LinkedIn: inventure

Inventure is a venture capital firm based in Helsinki, Finland, founded in 2005. They focus on backing ambitious Nordic and Baltic founders, providing venture capital investment and portfolio management services to early-stage tech startups. Inventure has been involved in several notable transactions within the gaming industry, including investments in Omeda Studios, which raised $2.2 million in seed funding, and Mindfield Games, which secured $375,721 in a seed round. They also invested in Umbra, a graphics software provider for the gaming industry, which closed a $3.4 million Series A round. Additionally, Inventure participated in the Series B funding of Solsten, a company that uses games for digital therapeutics, indicating their engagement with innovative gaming technologies. These transactions highlight Inventure's commitment to supporting the growth of companies within the gaming sector, making them a relevant player in the video game sound design space.



Video Game Sound Design Insights: Key Investors in the Nordics


InvestorHeadquarterSizeFoundedDeals 2024
Sisu Game VenturesHelsinki, Uusimaa, Finland1-1020142
StillfrontÖdeshög, Östergötland, Sweden1001-500020100
Embracer GroupKarlstad, Varmland, Sweden51-20019990
MtgStockholm, Stockholm, Sweden11-5019871
AlmiStockholm, Stockholm, Sweden201-50019947
Heartcore CapitalCopenhagen, Denmark11-50200717
CreandumStockholm, Stockholm, Sweden11-50200317
EQT VenturesStockholm, Stockholm, Sweden11-50201528
FOV VenturesHelsinki, Uusimaa, Finland1-10202211
Business FinlandHelsinki, Uusimaa, Finland501-1000201826
Lifeline VenturesHelsinki, Uusimaa, Finland1-10200914
Thunderful GamesGothenburg, Västra Götaland, Sweden201-50020170
Paradox InteractiveSolberga, Stockholm, Sweden501-100019990
InventureHelsinki, Uusimaa, Finland11-5020059


Want to find more investors focusing on the video game sound design industry?

If you want to find more investors that are active in the video game sound designindustry, you can do that with Inven. We built this list and analysis throughInven's Investor Search, and there are a lot more private equity, venturecapital, and corporate investors like these globally.

With Inven, you'll also get to know:

  • Deal History: Number of deals and their sizes.
  • Portfolio: Companies they've invested in.
  • Contact data: Key dealmakers, including their emails and phonenumbers.
  • ...and much more!