FRVR Secures $12.7M to Fuel Development of AI-Powered Game Creation Tools

FRVR, a gaming distribution platform based in Lisbon, has made headlines with its recent funding round, raising an impressive $12.7 million. This funding marks a significant milestone for the company, bringing its total capital raised to over $100 million. The growth and success of FRVR illustrate its commitment to developing and scaling a creator economy that empowers content creators around the world with the essential tools needed to produce and monetize their work effectively.

Founded by industry veterans Chris Benjaminsen and Brian Meidell, FRVR was born from a shared vision to connect users globally with games they will love. The company's trajectory over the past five years has been nothing short of remarkable; what started as a two-person passion project has blossomed into a dynamic organization with over 80 employees and six offices across the globe. This rapid expansion is a testament to FRVR's dedication to providing exceptional gaming experiences, which is evidenced by the platform achieving over 1 billion gameplays across a diverse library of more than 100 games.

Brian Meidell, Co-Founder of FRVR, expressed his enthusiasm about the recent funding, stating, "We're thrilled to have secured this funding. We've spent the last few years solving the mass distribution of games across a myriad of channels. Our goal now is to make our platform the best possible place to create and distribute games and engage with players." This commitment to enhancing user experience is reflected in the launch of Forge, their innovative AI-first game development engine. Forge allows developers to create games at unprecedented speeds, while also providing non-developers the opportunity to produce and distribute games across various platforms, including mobile, PC, and web.

The funding round was led by Iberis Capital, with additional support from Indico Capital Partners, Lince Capital, and returning investors such as Hiro Capital. João Henriques, Partner at Iberis Capital, expressed excitement about the investment, stating, "We are delighted to be part of this funding round and to invest in FRVR's innovative AI-powered game creation platform. We believe that FRVR.ai's technology has the potential to democratize game development, making it accessible to a broader range of creators." This sentiment was echoed by Stephan de Moraes, Managing General Partner at Indico Capital, who highlighted that "FRVR’s innovative tool has the potential to disrupt the status quo and provide a new level of speed of creation and distribution for both developers and non-developers."

The funding will allow FRVR to continue advancing its AI-powered game creation platform, with a specific focus on enhancing its AI engine. This enhancement aims to provide more personalized gaming experiences, catering to the diverse needs of both creators and players. By leveraging AI technology, FRVR not only aims to streamline the game development process but also to empower creators with tools that enable them to express their creativity and reach their audiences more effectively.

As the gaming landscape continues to evolve, FRVR positions itself as a key player in reshaping the industry. Its commitment to fostering a robust creator economy and prioritizing accessibility for a diverse range of creators sets it apart from competitors. By harnessing the power of AI and innovative game development strategies, FRVR is on track to redefine how games are created, distributed, and experienced, making the gaming world more inclusive and engaging for everyone involved. The company's efforts underscore the potential of technology to transform the creative landscape, ultimately enabling a new generation of game developers to thrive in a rapidly changing environment.