/Investors

Behold Ventures

Venture capital

Sao Paulo · Pre-Seed–Seed · 5 people tracked

Find your way into Behold Ventures

993 people in our graph share verified history with the Behold Ventures team — schools, employers, funds. One of them is your warm intro.

Anna Sweetunlockedknows Sigurlína Ingvarsdóttir · together at Bonfire Studios (overlapped)
knows the team · via Paradox Interactive
knows the team · via BAFTA
knows the team · via Ubisoft
knows the team · via University of Gävle
×7knows the team · via Electronic Arts
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Investment thesis

Behold Ventures invests in the next generation of games industry entrepreneurs. The fund leverages the operating experience of current games-industry veterans — developers, publishers, studio leaders and investors — to support new founders building in gaming. Its focus is on the creators of interactive entertainment and digital experiences, positioning itself as a partner that understands the craft and business of making games.

Source: firm website, verified Aug 3, 2026.

Stage
Pre-Seed–Seed
HQ
Sao Paulo, SE
Leads rounds
Follows
Instruments
Equity
Tracked investments
29

Team · 5 people

from the firm's website

Founder mafia

2 people who came through Behold Ventures went on to found or lead other companies.

What they invest in

from 17 of 29 portfolio companies

Gaming ×16Consumer ×2Media & Entertainment ×2SaaS ×2AI & Machine Learning ×1Creator Economy ×1Deep Tech ×1Developer Tools ×1

HQs:Sweden×3United States×2Denmark×1Iceland×1Norway×1

Investments · 29 tracked

founders shown can be your intro path

By year:2025 · 22024 · 22023 · 12022 · 12020 · 22019 · 12018 · 12017 · 111 dated

5Fortress5fortress.comin𝕏

5 Fortress is a game studio developing STRIDEN, a first-person shooter that combines combat and exploration across a large map.

GamingBoden, SE

Emil Darsbo(Founder)inJohan Sundqivst(Founder and Creative Director)

Atomontageatomontage.comin𝕏Seed · Oct 2019 · $2M

Atomontage builds a browser-based 3D platform using "Virtual Matter" microvoxel technology that lets users create, edit, remix, and stream interactive 3D worlds across devices, with optional AI-assisted creation.

AI & Machine LearningDeep TechGamingWilmington, US

Daniel Tabar(Co-founder)inBranislav Siles, Ing.(Executive Officer, Director)

Co-investorsHartmann CapitalMakers Fund

Aurorapunksaurorapunks.comin𝕏

Aurora Punks is a platform-agnostic game publisher and co-development studio offering full-service publishing, cross-platform porting for PC, console, cloud, and mobile, and go-to-market support for game developers.

GamingMedia & Entertainment

Deadastronautsdeadastronauts.gamesin𝕏

Dead Astronauts is a game studio focused on open world game experiences, emphasizing technical innovation and player creativity in the games it develops.

Gaming

Co-investorsLifelike Capital

Eddaheimeddaheim.com

Eddaheim is a creative studio that develops games by combining film and game industry skills to build immersive worlds and story-driven experiences.

GamingMedia & EntertainmentCopenhagen, DK

LootLockerlootlocker.ioin𝕏Seed · Jun 2020 · $260K

LootLocker provides backend infrastructure and tools for game developers to build cross-platform games and manage player engagement directly, independent of platform gatekeeping.

Developer ToolsGamingSaaSStockholm, SE

Alexander Bergendahlin

Co-investorsTechstarsAcequia Capital (AceCap)IA Ventures

Lurkitlurkit.comin𝕏Seed · Jun 2022 · $2.7M

Lurkit is a platform that connects video game developers, publishers, and brands with a network of 90k+ verified content creators to run and track creator marketing campaigns across Twitch, YouTube, YouTube Shorts, and TikTok.

Creator EconomyGamingMarketing Tech

Porcelain Fortressporcelainfortress.cominSep 2024 · $3M

Porcelain Fortress is a game studio that develops simple, polished games for the PC market, drawing inspiration from classic arcade and console games.

GamingReykjavik, IS

Co-investorsBrunnur Ventures GPCrowberry Capital

Puzzlrpuzzlr.co

Puzzlr is a white label puzzle game studio, currently operating in stealth mode.

Gaming

Anders Ankarlid(Founder)inCesar Grado(Founder)in

Co-investorsHeartfelt Capital

Red Roverredroverk12.comin𝕏Jun 2023 · $5M

Red Rover provides cloud-based HR and employee management software for K-12 school districts, including tools for absence management, time tracking, and hiring.

EdTechHR TechSaaS

MikeDani

Co-investorsBrighton Park CapitalTechstarsAcequia Capital (AceCap)GEM CapitalLifelike CapitalThe Games Fund

Red Rover Interactiveredroverinteractive.comin𝕏Apr 2024 · $15M

Red Rover Interactive is a game development studio that builds multiplayer survival experiences focused on player agency, social interaction, and emergent gameplay.

GamingOslo, NO

Co-investorsAcequia Capital (AceCap)Lifelike CapitalThe Games FundTIRTA VenturesGEM CapitalKrafton

Rorointeractiverorointeractive.comin

Roro Interactive is building a 3D digital dollhouse where players can decorate, build homes, and create characters to tell their own stories.

ConsumerGaming

William Sampson(CEO)in

Co-investorsnode.vc

Seven Starssevenstars.gamesinFeb 2025

Seven Stars is a mobile game studio that develops casual games, including "Castaway Isle," a merge-and-restore game with a mystery narrative.

ConsumerGaming

Co-investorsFailup VenturesSisu Game VenturesSpintop VenturesSapphire PartnersStepstone Group

Sunscorchedstudios.Cosunscorchedstudios.co.ukin𝕏

Sunscorched Studios is a video game developer working on KEYKRUNCHER, a first-person psychological horror roguelike.

Gaming

Thegangthegang.ioin

The Gang is an international game development studio that builds immersive games and branded game worlds for major brands in sectors like sport, fashion, and entertainment.

Gaming

Wayfindergameswayfindergames.comin𝕏

Wayfinder Games is a studio that designs role-playing games (RPGs), including a title called Wyldheart, aiming to capture the feeling of sitting around a campfire.

Gaming

Winterkeepwinterkeep.comin

Winterkeep Interactive is a game studio developing a fantasy 4X strategy game.

GamingUmeå, SE

Other

Tracked investments with no reachable website or further public details — typically companies that wound down, renamed, or were absorbed.

CounterspellstudiosDead AstronautsEsports Coaching AcademyFirestoke GamesHonigMercury Steam EntertainmentOddikoRaw Fury GamesSpellscaperStar Stable EntertainmentVitar GamesWartile

Portfolio news

latest coverage across their companies

Frequently asked questions

How many investments has Behold Ventures made?
Behold Ventures has 29 tracked investments, including 2 dated in the last 24 months.
What stage does Behold Ventures invest at?
Behold Ventures invests at the Pre-Seed, Seed stages.
What sectors does Behold Ventures focus on?
Behold Ventures focuses on Gaming, Media & Entertainment.
Where is Behold Ventures located?
Behold Ventures is headquartered in Sao Paulo, SE.
Does Behold Ventures lead rounds?
Behold Ventures typically participates in rounds rather than leading them.
Who does Behold Ventures co-invest with?
Behold Ventures most often shares deals with Brunnur Ventures GP, Lifelike Capital, Sisu Game Ventures, among 11 tracked co-investors.

Images

Behold Ventures photo

Co-investors · 2

London Venture Partners

London Venture Partners (Lvp) is a gaming-focused venture capital fund that invests exclusively across the games ecosystem, backing companies in interactive entertainment, studios, content, technology, platforms, and services.

Both backed · 1
Dead Astronauts
foobar.vc

Foobar is the investment company of Icelandic entrepreneur David Helgason that focuses on supporting startups and investing in technology to accelerate global decarbonization and sustainability efforts.

Firms observed investing alongside Behold Ventures, from public investor directories. Shared companies are the overlap with Behold Ventures's recorded portfolio.

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