The gaming industry in Benelux has flourished into a vibrant ecosystem that thrives on innovation and creativity. Home to a mix of game developers, publishers, and technology firms, the region is a hotspot for developing both conventional and digital games. Various companies focus on genres ranging from mobile games to immersive virtual experiences. With blockchain technology and artificial intelligence gaining traction, the market anticipates an exciting transformation, enhancing player engagement and monetization strategies. Benelux not only produces games but also offers services like game testing and localization, catering to a global audience while fostering local talent.


The list of gaming investors features an array of firms across Benelux, including private equity, venture capital, and corporate players. From Luxembourg to the Netherlands and Belgium, these investors have showcased varying degrees of activity in 2024, with established names like CVC Capital and dynamic newcomers like Dutch Crypto Investors. As companies expand, investment sizes reflect their growth stages, and deal counts range from significant acquisitions to seed funding rounds. This mix of experiences and investment styles underscores the region's evolving financial commitment to the gaming industry.


Top 19 Gaming 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 involved in several notable transactions within the gaming sector, particularly in the realm of blockchain and NFT games. For instance, they participated in the seed funding for Zomfi, an NFT game, which raised $2.6 million to support its development. They also invested in Metastrike, which raised $3.3 million, and GoFungibles, which closed a $4 million round aimed at launching a global game and a gamified marketplace. Additionally, they were involved in the funding of Demole, further showcasing their commitment to supporting gaming projects that leverage cryptocurrency technology. Their diverse portfolio reflects a strategic interest in the evolving landscape of gaming and blockchain integration.


2. 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 focuses on providing funding, strategic networking, and community building services to crypto startups. Their investment strategy includes a strong emphasis on sectors like DeFi and GameFi, positioning them as a key player in the evolving investment landscape. Notably, DCI has participated in several significant transactions within the gaming industry, including investments in Good Games Guild, a play-to-earn gaming hub that raised $1.7 million, and Battle Saga, which raised over $3 million. They have also invested in other gaming projects such as Netvrk and Sidus Heroes, further solidifying their role as an active investor in the gaming sector.


3. 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 venture capital firm based in Luxembourg, founded in 2012. The firm focuses on investing in the Open Economy, 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 been involved in several significant transactions within the gaming industry, such as their investments in Immutable Systems, which is known for its nonfungible token scaling solutions, and Homa Games, a mobile game development company. They also participated in the funding of Sorare, a fantasy sports platform that utilizes blockchain technology. These investments highlight Fabric Ventures' active role in the gaming sector and their commitment to fostering innovation in this field.


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., founded in 2014 and based in Schiphol-Rijk, North Holland, Netherlands, is a corporate investor specializing in digital entertainment and media. The company operates a digital advertising platform and manages a diverse portfolio of gaming content. Notable transactions include the acquisition of Spil Games in February 2020, which expanded their gaming offerings, and the acquisition of WHOW Games in June 2021, a social casino developer, which was part of their strategy to enhance monetization opportunities. Additionally, Azerion has acquired Sublime and Widespace to bolster its advertising capabilities, further integrating their gaming and advertising solutions. These strategic acquisitions highlight Azerion's commitment to the gaming industry and its role as a significant player in the digital entertainment space.


5. Cvc

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

CVC Capital Partners is a prominent investment firm founded in 2005, specializing in private equity, credit, secondaries, and infrastructure. With approximately €193 billion in assets under management for over 1000 clients, including pension funds and institutional investors, CVC focuses on delivering sustainable value and growth through strategic investments. Notably, CVC has made significant strides in the gaming industry, highlighted by their acquisition of Jagex, a developer and publisher of video games known for RuneScape, in February 2024. This acquisition showcases CVC's commitment to the gaming sector. Additionally, they participated in a substantial funding round for Dream Games, raising $255 million in May 2025, further emphasizing their active role in the gaming landscape. While CVC invests across various sectors, their recent transactions in gaming illustrate a strategic interest in this industry.


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 positioned itself as a key player in the investment landscape by providing both capital and active support to founders in the crypto space. In 2024 alone, Maven 11 has made 27 investments, showcasing their active role in the market. Notably, they have invested in several companies relevant to the gaming industry, including Lava Labs, which raised over $10 million for its blockchain-based game AFAR. Other investments include Stardust and Saga.xyz, both of which are involved in the gaming ecosystem. This focus on blockchain gaming indicates their commitment to supporting innovative gaming projects that leverage new technologies.


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 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 the technology and finance sectors. Stake Capital has been actively investing in the gaming industry, particularly in projects that leverage blockchain technology. Notable transactions include a $4.75 million seed funding round for Earn Alliance, which focuses on gaming, and a $4.5 million investment in Eterlast, aimed at launching Web3 games for sports fans. Additionally, they participated in a €9.4 million funding round for Cometh, a blockchain game development studio, which will use the funds to accelerate the development of future games. These investments highlight Stake Capital's commitment to supporting innovative gaming ventures within the blockchain space.


8. Peech Capital

  • Website: peech.capital
  • Type: Venture Capital
  • Headquarters: Amsterdam, North Holland, Netherlands
  • Founded year: 2021
  • Headcount: 1-10
  • LinkedIn: peech-capital

Peech Capital is a venture capital firm based in Amsterdam, Netherlands, founded in 2021. The firm specializes in the cryptocurrency and blockchain sectors, providing early-stage capital as well as marketing, technical, and business development services to innovative start-ups. Notably, Peech Capital has been involved in several significant transactions within the gaming context, including a $2.1 million investment in Continuum World, an upcoming NFT game, and participation in funding rounds for MetaSoccer and NFTrade. These investments highlight their commitment to supporting projects that blend gaming with blockchain technology, positioning them as a relevant investor in the gaming industry.


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, focusing on both early-stage and mature game studios. ForsVC provides various forms of financial support, including equity financing, convertible loans, and project funding, aimed at alleviating the financial burdens faced by game developers. In 2024, ForsVC has been actively involved in several notable transactions, including a pre-seed investment in Glowfish Interactive and a seed round for Mystic Forge, raising significant amounts to support innovative gaming projects. Their portfolio also includes investments in Cyborn and Oro Interactive, showcasing their commitment to fostering creativity and growth within the gaming sector.


10. Skullavenue

  • Website: solanium.io
  • Type: Venture Capital
  • Headquarters: Amsterdam, North Holland, Netherlands
  • Founded year: 2021
  • Headcount: 1-10
  • LinkedIn: skullavenue

Skullavenue is a venture capital firm based in Amsterdam, North Holland, Netherlands, founded in 2021. It operates primarily on the Solana blockchain, providing decentralized fundraising, token staking, and governance voting services. Skullavenue has been involved in several notable transactions in the gaming sector, including: 1) Chain Crisis, which raised an undisclosed amount in a seed round on January 25, 2022; 2) Project SEED, which closed a private funding round worth $3.1 million aimed at expanding its blockchain-based gaming metaverse ecosystem; 3) VisionGame, which raised $3.8 million in a seed round on February 18, 2022; and 4) Solice, which raised $4.36 million in a seed and private sale, with plans for a rapid team expansion and a soft launch in early 2022. These investments highlight Skullavenue's commitment to supporting innovative gaming projects within the blockchain space.


11. Tioga Capital Partners

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

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 the complexities of the decentralized finance and blockchain sectors. Tioga Capital has been actively involved in several notable transactions within the gaming context, including a seed round investment in Aurory, which raised $1.5 million in December 2023. Aurory is a blockchain-based game that leverages NFTs, showcasing Tioga's commitment to the gaming industry. Additionally, they led a €5 million seed round for Tropee, an NFT utility platform, further emphasizing their focus on gaming-related technologies. Other investments include Exclusible and Venly, both of which are involved in the NFT and gaming ecosystems. Overall, Tioga Capital's portfolio reflects a strong alignment with the evolving gaming landscape, particularly in the realms of blockchain and Web3.


12. Flow Ventures


Flow Ventures is a venture capital firm based in Randstad, Netherlands, specializing in early-stage investments primarily in the blockchain and decentralized finance sectors. The firm provides capital and strategic advisory services to startups, with a focus on token-based networks and innovations in areas such as gaming and NFTs. Flow Ventures aims to accelerate the digital revolution by fostering long-term partnerships with its portfolio companies. Notably, they have been involved in several relevant transactions in the gaming sector, including a $4 million investment in Vorto Gaming, which exceeded its initial funding target, and seed rounds for Arcade2earn ($3.2 million) and Azuro ($3.5 million). These investments highlight Flow Ventures' commitment to supporting innovative gaming projects and their potential impact on the industry.


13. 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 several significant transactions in the gaming industry, including a seed funding round for Mighty Bear Games, a mobile studio that aims to expand its team and develop new titles. Additionally, M Ventures was involved in funding rounds for Akili Interactive Labs, a company that creates prescription video games, highlighting their interest in the innovative applications of gaming technology. These investments reflect M Ventures' commitment to supporting growth and innovation in the gaming sector, alongside their broader focus on technology and healthcare.


14. Sparkle Ventures


Sparkle Ventures is a venture capital firm based in Luxembourg, founded in 2021, that invests in equity and tokens to support technologies in Web 3.0 and the Metaverse. The firm targets technology companies and startups, providing them with the necessary capital to scale their operations. Notably, Sparkle Ventures has participated in several relevant transactions in the gaming context, including: 1) Kinetix, an AI-assisted 3D animation pioneer, which raised $11 million to enhance the Metaverse experience; 2) Helika, which raised $8 million for its AI-powered Game Management products, indicating a direct focus on gaming technology; and 3) Immortal Game, which secured $12 million for its blockchain-based chess platform, showcasing their commitment to innovative gaming solutions. These transactions highlight Sparkle Ventures' active role in the gaming industry and its support for companies that are shaping the future of gaming.


15. Laton Ventures

  • Website: laton.vc
  • Type: Venture Capital
  • Headquarters: Amsterdam, North Holland, Netherlands
  • Headcount: 1-10
  • Number of deals in 2024: 2
  • LinkedIn: laton-ventures

Laton Ventures is a venture capital firm based in Amsterdam, North Holland, Netherlands, specializing in the gaming industry. The firm invests in early-stage gaming companies and provides operational support in areas such as game design and marketing. In 2024, Laton Ventures participated in notable transactions, including a $2.25 million investment in Pine Games for mobile game development and a $3 million investment in Grand Games during its Pre-Seed round. Additionally, they invested in Layer AI, an AI startup that empowers game studios with productivity tools for creating game art and content. These investments highlight Laton Ventures' commitment to supporting innovative gaming startups and enhancing the gaming landscape.


16. 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, focused on enhancing everyday life through technology. Founded in 2019, the firm operates 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, including a Series C funding round for Immutable Systems, a startup specializing in non-fungible token scaling solutions, which raised $200 million in March 2022. Additionally, they participated in earlier funding rounds for Immutable Systems, including a Series B round of $60 million in September 2020. Prosus also invested in DappRadar, a platform for decentralized applications, contributing to both a seed funding round in 2019 and a Series A round in 2021. These transactions highlight Prosus's active role in fostering innovation and growth within the gaming industry, particularly in the realm of blockchain and NFTs.


17. DeFi Capital

  • Website: deficapital.com
  • Type: Venture Capital
  • Headquarters: Utrecht, Utrecht, Netherlands
  • Founded year: 2019
  • Headcount: 1-10
  • Number of deals in 2024: 1
  • LinkedIn: deficapitalbv

DeFi Capital is a venture capital firm based in Utrecht, Netherlands, founded in 2019. The firm specializes in decentralized finance (DeFi) and cryptocurrency investments, focusing on managing investments in blockchain technology and providing financial services related to DeFi. DeFi Capital has been involved in several notable transactions in the gaming sector, including a seed round investment in Apeiron, a blockchain game that raised over $17 million. Additionally, they participated in funding rounds for Elpis Battle, which raised $2.15 million, and Polemos, which secured $2 million in a pre-seed round. These investments highlight DeFi Capital's commitment to supporting innovative projects at the intersection of gaming and blockchain technology.


18. Irdeto

  • Website: irdeto.com
  • Type: Corporate
  • Headquarters: Hoofddorp, North Holland, Netherlands
  • Founded year: 1969
  • Headcount: 1001-5000
  • LinkedIn: irdeto

Irdeto is a corporate investor based in Hoofddorp, North Holland, Netherlands, specializing in cybersecurity solutions for various industries, including video entertainment and gaming. Founded in 1969, Irdeto has established itself as a leader in digital security, offering services such as content protection, anti-piracy measures, and managed services. Their clients include pay-TV operators, game developers, and streaming services, who rely on Irdeto's expertise to combat cyber threats and enhance user experiences. Notably, Irdeto acquired Denuvo, an anti-piracy firm, in January 2018 to bolster security measures in the gaming industry, aiming to prevent revenue loss for game publishers and combat cheating. In October 2022, Irdeto made a strategic investment of USD$6 million in Bidstack, marking their first investment in the company, which focuses on in-game advertising and supports its growth strategy in the US market. These transactions underscore Irdeto's active role in the gaming sector, making them a relevant player in the industry.


19. Endeit Capital


Endeit Capital is a venture capital firm based in Amsterdam, Netherlands, founded in 2006. The firm specializes in growth capital investments for European tech scale-ups, focusing on sectors such as AI, fintech, and climate tech. Endeit Capital provides strategic support and portfolio management to entrepreneurs, facilitating their growth through expertise and resources. Notably, they have invested in Spil Games, a company that aims to expand its global user base and enhance its gaming offerings. This investment highlights Endeit Capital's engagement with the gaming industry, alongside their broader investment strategy in innovative tech companies.



Gaming Insights: Key Investors in Benelux


InvestorHeadquarterSizeFoundedDeals 2024
Magnus CapitalAmsterdam, North Holland, Netherlands11-5020176
Dutch Crypto InvestorsAmsterdam, North Holland, Netherlands1-10201713
Fabric VenturesLuxembourg11-50201216
AzerionSchiphol-Rijk, North Holland, Netherlands1001-500020142
CvcLuxembourg1001-5000200516
Maven 11Amsterdam, North Holland, Netherlands11-50201527
Stake Capital GroupLuxembourg11-50202112
Peech CapitalAmsterdam, North Holland, Netherlands1-1020210
ForsVCKortrijk, Flanders, Belgium1-1020216
SkullavenueAmsterdam, North Holland, Netherlands1-1020210
Tioga Capital PartnersBelgium1-1020195
Flow VenturesRandstad, Netherlands1-101
M VenturesAmsterdam, North Holland, Netherlands11-50200918
Sparkle VenturesLuxembourg1-1020213
Laton VenturesAmsterdam, North Holland, Netherlands1-102
Prosus GroupAmsterdam, North Holland, Netherlands10001+201921
DeFi CapitalUtrecht, Utrecht, Netherlands1-1020191
IrdetoHoofddorp, North Holland, Netherlands1001-500019690
Endeit CapitalAmsterdam, North Holland, Netherlands11-5020061


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