London Venture Partners raises $80 million to fund game startups

Date Type Companies involved Size
September 26th, 2019 investment London Venture Partners $80m
London Venture Partners raises $80 million to fund game startups

Venture capital firm London Venture Partners has raised $80 million that will be used to fund video games startups.

As reported by GamesBeat, this is LVP's third fund and will be used to give seed cash to startups in both Europe and North America. There's no indication where the VC firm has managed to raise this cash from.

To date, LVP values its games investments at $18 billion. These have included tech firms such as Unity and NaturalMotion, but also games developers including Clash of Clans giant Supercell.

More recently, the VC firm has backed Series A funding rounds for Bossa Studios and LA-based Singularity 6. In April 2019, the firm invested for a second time in streaming platform Polystream.

"Incredibly proud"

“We are incredibly proud that an LVP investment has come to signify a stamp of approval for games startups,” said London Venture Partners general manager David Gardner.

“Our Fund III will allow us to continue to bring our deep backgrounds as game entrepreneurs and executives with large scale product and operational expertise to identify and help founders and teams with great potential.”

He added: ”While we have incredibly high standards and invest in only 1.5 per cent of companies we evaluate, we are set apart from most VCs who wait for metrics to guide their investments because our own games careers have given us the ability to recognise patterns, trends and disruptive ideas very early on.”


Editor - PC Games Insider

Alex Calvin is a freelance journalist who writes about the business of games. He started out at UK trade paper MCV in 2013 and left as deputy editor over three years later. In June 2017, he was hired to launch for Steel Media before departing the firm in October 2019.

He has also written for, VGC, Games London, The Observer/Guardian and Esquire UK.


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