Fundraising Fox

Sisu Game Ventures

Venture capital

Oslo · Pre-Seed–Series A · 6 people tracked

Also known as SISU MANAGEMENT LLC

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Investment thesis

Sisu Game Ventures focuses 100% on games, positioning itself as a team of veteran game developers who invest very early — preferably as the first money in, at pre-revenue and often pre-product stages. Rooted in the Nordic region but investing globally, the firm emphasizes the open, collaborative culture of the Nordic game industry, extending that ethos to its portfolio companies and co-investors to accelerate their growth against global competition. The team draws on decades of experience having built game companies and invested in dozens of game startups, with its own backers coming largely from the game industry.

Source: firm website, verified Aug 25, 2026.

Stage
Pre-Seed–Series A
HQ
Oslo, NO
Leads rounds
Leads
Instruments
Equity
Founded
2014
Private fund assets
$56.2M
VC funds
2
Tracked investments
67

Team · 6 people

from the firm's website & public directories

Founder mafia

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

What they invest in

from 45 of 67 portfolio companies

Gaming ×42AI & Machine Learning ×10Consumer ×10Media & Entertainment ×7Creator Economy ×3Developer Tools ×3SaaS ×3Data & Infrastructure ×2

HQs:Finland×8United States×5Sweden×3Canada×1Germany×1France×1

Who they back

founder profiles across 15 portfolio companies
27%
solo founders
4 of 15 mapped founding teams

Founding team size:solo founder×42 founders×73 founders×14+ founders×3

Investments · 67 tracked

founders shown can be your intro path

By year:2023 · 12015 · 12 dated

Sisu Game VenturesJul 2015SEC filingmedium confidence

Helsinki

Paul Bragiel(Board Member)inMoaffak Ahmed(Board Chairman)inSamuli Syvahuoko(Board Member)in

Board seatMoaffak Ahmed· per SEC Form D · $1.1M raise · filed Jul 2015

Co-investorsSisu Ventures

1939 Games1939games.comin𝕏

1939 Games develops WWII-themed gaming experiences, including KARDS, a free-to-play digital collectible card game that combines traditional CCG mechanics with strategy gameplay set in World War II.

Gaming

Co-investorsCrit VenturesCrowberry Capital

Antihero Studiosantiherostudios.comin𝕏

Antihero Studios is a game studio building multiplayer mobile games focused on social play with friends.

ConsumerGaming

Co-investorsA16Z Speedrun

Bitmagicbitmagic.games

Bit Magic is a browser-based platform where users create playable games from text descriptions without coding or a game engine, and publish them instantly to a built-in audience.

AI & Machine LearningCreator EconomyGaming

BON Gamesbongames.fi
Chamo Gameschamogames.com

Chamogames is a Swedish game developer creating physics-based, non-lethal first-person shooter (FPS) games focused on strategy and precision without violence.

Gaming

coherencecoherence.ioin𝕏

coherence builds a Unity plugin and platform that lets game studios of any size add multiplayer and networked features to their games, with planned support for engines such as Unreal and Godot.

Cloud ComputingDeveloper ToolsGamingSaaS

Dino Patti(Founder & CEO)

Co-investorsBLN CapitalSilicon Gardens

Combo Breakercombo-breaker.com
Core Loopcoreloop.aiin

Co-investorsAndreessen Horowitz

Cosmic Loungecosmiclounge.comin

Cosmic Lounge is a startup that develops mobile puzzle games.

GamingHelsinki, FI

Co-investorsBoost Capital PartnersProject A VenturesTRANSCEND

Dash Gamesdashgames.coin

Dash Games develops casual mobile games, starting with Puzzle Punks, a player-versus-player match-3 game for iOS and Android.

GamingLondon, GB

Francisco Furtado(Founder)

Co-investorsRLC Ventures

DazzleRocksdazzle.rocks

Joonas Jokela(Founder)Stella Wang(Founder)

Co-investorsbyFoundersSpintop Ventures

DieNo Gamesdienogames.com
Doppio Gamesdoppio.games
Empty Vesselemptyvessel.io

Austin, US

Garrett Young(Director)Emanuel Palalic(Executive Officer, Director)

BoardJere Partanen(Director)inJeonghee Jin(Director)Daniel Bunting(Director)in

Co-investors1AM GamingRaptor Group

Esports Coaching Academyeca.gg

Co-investorsBehold Ventures

Exit Plan Gamesexitplangames.comin𝕏

Exit Plan Games is a video game developer whose title Bang-On Balls: Chronicles is a 3D platforming and collect-a-thon game set across various historical events, available on Steam.

Gaming

Extra Dimension Games Inc. Websiteextradimension.games

Extra Dimension Games is a video game development studio that prototypes, iterates, and builds original games based on player feedback.

GamingKitchener, CA

Chris Gander(Founder)Sean Wylie-Toal(Founder)

Co-investorsWaterloo Accelerator Centre

Fuzzybotfuzzybot.comin𝕏

FuzzyBot is a small independent game studio developing experimental video games, including a co-op horror game and a roguelite/life-sim hybrid action RPG.

ConsumerGamingLos Angeles, US

Max Spielberg(Director)inTatyana Dyshlova(Executive Officer, Director)in

GC Turbogcturbo.com𝕏

GC Turbo develops gaming technology for entertainment on major digital platforms, serving game developers and publishers.

Gaming

Co-investorsDreamers VCStreamlined Ventures

Immersalimmersal.comin𝕏

Immersal develops a Visual Positioning System (VPS) and city-scale mapping toolkit that provides accurate device localization and spatial mapping for indoor, outdoor, and underground environments.

AI & Machine LearningDeep TechIoT

Co-investorsBright Pixel CapitalPresence Capital

Jam & Teajamandtea.studioin𝕏Aug 2023

Jam & Tea Studio is a game development studio building multiplayer games with emergent, AI-powered gameplay, including its released title Retail Mage and a flagship project codenamed Project Emily.

AI & Machine LearningGamingLos Angeles, US

Theodore Carl Kwoh(Executive Officer, Director, Promoter)Jeffrey Aaron Farr(Director, Promoter)J Aaron Farr(Co-founder & Chief Technical Officer)inT Carl Kwoh(Co-founder & Chief Executive Officer)inSamantha Bong(Chief Operating Officer)Michael Yichao Wang(Director, Promoter)

Co-investorsLondon Venture Partners

Kinoakinoa.ioin

Kinoa is an AI-powered LiveOps platform that lets mobile app companies and game studios manage user engagement, retention, and monetization from a single dashboard — including communications, remote config, segmentation, A/B testing, and user flows — without code changes or new app releases.

AI & Machine LearningGamingSaaS

Roi Eyal(Founder)

Kopla Gameskoplagames.com
Lightheartlightheart.gamesin𝕏

Lightheart is a game studio that develops mobile action games, including Mr.

ConsumerGamingHelsinki, FI

Miikka Ahonen(Founder)

Mainframe Industriesthemainframe.com

Finnish-Icelandic game developer building Pax Dei, a cloud-native sandbox MMO playable across mobile, PC and console.

Co-investorsAndreessen HorowitzPlay Ventures

Multiscriptionmultiscription.com
Mygamezmygamez.comin

MyGamez provides publishing and market-entry services that help global mobile game publishers launch and grow their games in the Chinese market, including handling China regulation and localization.

GamingMedia & Entertainment

Neon Giantneongiant.sein𝕏

Neon Giant is a game development studio that creates AAA gaming entertainment experiences.

Gaming

Network Nextnetworknext.com

Network Next provides network acceleration for multiplayer games, reducing latency for players with high ping.

Data & InfrastructureGaming

Co-investorsBitkraft Esports VenturesMango Capital

New Talesnewtales.comin𝕏

New Tales is an independent video game publisher that partners with game studios and develops its own game IPs, offering go-to-market and community marketing services.

GamingMedia & EntertainmentLyon, FR

Next Gamesnextgames.comin𝕏

Next Games is a Netflix-owned game studio that develops games based on original ideas and Netflix intellectual property.

GamingMedia & EntertainmentHelsinki, FI

TEEMU MIKAEL HUUHTANEN(Executive Officer)JOAKIM ACHREN(Director)Mikael Jan Kennet Achren(Executive Officer)Kalle Johannes Hiitola(Director)Joakim Tomas Johan Achren(Director)Jaakko Ensio Jumisko(Executive Officer)

Co-investorsLowercase Capital

Nextmindnext-mind.com
Nimble Foxnimblefox.aiin

Nimble Fox is an AI tool for Unity developers that generates game assets and Unity components — including GameObjects, Prefabs, scripts, audio, characters, and particle systems — from text ideas.

AI & Machine LearningDeveloper ToolsGaming

Co-investorsWave Ventures

Nutfarm Gamesnutfarmgames.com
Phoenix Gamesphoenixgames.comin𝕏

Phoenix Games builds a games company by partnering with and supporting game studio founders, helping them grow creatively and financially.

AI & Machine LearningGaming

Klaas Kersting(CEO)Todd English(COO)Norman Pretzl(CFO)Justin Stolzenberg(CMO)

Co-investorsBLN Capital

Playco enterprise-saasplay.co

Playco is an instant gaming company that develops web-based games playable across platforms without app downloads, designed for people to play together with friends and family.

Gaming

Michael Carter(Co-founder)Justin Waldron(Co-founder)inTakeshi Otsuka(Co-founder)Cross(Co-founder)

Co-investorsDreamers VCFirestreak VenturesGood AI CapitalMaven VenturesRoosh VenturesSGH Capital+4 more

Playmore Gamesplaymoregames.comin𝕏

Playmore Games is a software and gaming company that develops Dized, a companion app helping players learn and play board games without reading rulebooks.

ConsumerGamingSaaSHelsinki, FI

Pocket Burgerpocketburger.games
Psyon Gamespsyongames.comin𝕏

Psyon Games develops research-based mobile and visual novel games focused on health awareness, gamified diagnostics, and therapy, covering topics such as COVID-19 and ADHD.

Digital HealthGamingHealthtech

Co-investorsFuturistic.VCNordic Game Ventures

Quicksave Interactivequicksave.fi

Co-investorsNordic Game VenturesRaptor GroupKonvoy Ventures

Resolution Gamesresolutiongames.comin𝕏

Resolution Games is a game studio that develops virtual and mixed reality games across platforms from PC to XR, with titles including Demeo, Racket Club, Blaston, and Spatial Ops.

ConsumerGamingStockholm, SE

Carl-Arvid Ewerbring(Founder)Tommy Palm(Founder)

Co-investorsBitkraft Esports VenturesBonnier CapitalColopl NextMizMaa Venturesnode.vcPresence Capital+1 more

Return Entertainmentreturnentertainment.com

Finnish cloud-native game studio building instant-access, cross-device games playable in browsers and on smart TVs.

Co-investorsBitkraft Esports VenturesSamsung NextvgamesBITKRAFT VenturesSMOK Ventures

Rocky Roadrockyroad.io

Rocky Road is building a social gaming network that connects gamers.

GamingSocial

Sans Strings Studiosansstrings.studioin𝕏

Sans Strings is an animation, visual effects, and entertainment studio that produces creative work and production pipelines for entertainment brands.

Creator EconomyGamingMedia & Entertainment

Andy(Head of Operations, Business Development & Creative Strategy)

Co-investorsKima VenturesRed River WestA16Z SpeedrunAndreessen Horowitz

Scorespacescorespace.net𝕏

ScoreSpace runs monthly game jams where developers build games around a theme in 72 hours, then advances top titles to live platform testing and full publishing with monetization and live ops support.

GamingMedia & Entertainment

Seven Starssevenstars.gamesin

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-investorsBehold VenturesFailup VenturesSpintop Ventures

Shark Punch / Matchmadematchmade.tv

Matchmade is an influencer marketing platform that connects brands and advertisers with YouTube creators, using machine learning and big data to match campaigns across over 16 million channels.

AI & Machine LearningCreator EconomyMarketing Tech

Silvercoin Studiossilvercoinstudios.com
Singasinga.com𝕏

Singa provides a karaoke streaming service accessible via computer, mobile devices, and smart TVs, offering a library of karaoke songs including original recordings.

ConsumerGamingMedia & Entertainment

Co-investorsSuperhero Capital

Skunkworks Gamesskunkworksgames.comin𝕏

Skunkworks is a game development studio building games and products, with published work including collaboration with PG SOFT on the game Wild Bandito.

GamingHelsinki, FI

Small Giant Gamessmallgiantgames.comin

Helsinki-based mobile game developer building social, long-lifecycle games, operating since 2013.

Co-investorsButterfly VenturesSpintop VenturesCreandumEQT Ventures

Snowprint Studiossnowprintstudios.comin𝕏Acquired

Snowprint Studios develops mobile mid-core free-to-play games for everyday gamers, including turn-based tactical strategy titles such as Warhammer 40,000: Tacticus, Legend of Solgard, and Rivengard.

ConsumerGamingStockholm, SE

Co-investorsCrit VenturesHiro Capital

Solfarsolfar.com

Solfar is a virtual reality studio that develops VR games and experiences, including the title "In Death" and "Everest VR," available on platforms such as PlayStation VR.

Gaming

Solstensolsten.ioin

Solsten builds an audience-understanding platform that uses psychometrics and AI to profile the psychological makeup of a company's users, primarily to help game studios and brands design more engaging experiences.

AI & Machine LearningData & InfrastructureGamingMarketing TechBerlin, DE

Bastian Bergmann(Co-founder)inJoe Schaeppi(Co-founder & CEO)

Co-investorsDentsu VenturesGFR FundKonvoy VenturesPrime PartnersSupernode GlobalDecathlon Capital Partners+1 more

Starbornestarborne.com

Starborne is a science-fiction strategy game set in an intergalactic universe where players command fleets, engage in tactical space battles, and explore frontiers.

Gaming

Superplus Gamessuperplusgames.com𝕏

Superplus is a mobile game studio founded by former Rovio developers that builds casual multiplayer games for mobile devices.

GamingHelsinki, FI

Aarni Linnakangas(Founder)inAlexandra Linnakangas(Founder)Kalle Jyly(Founder)in

Theorycraft Gamestheorycraftgames.comin𝕏

Theorycraft Games is a game studio building competitive multiplayer and player-focused games, led by veterans from major franchises including League of Legends, VALORANT, Overwatch, and Diablo.

GamingLos Angeles, US

Joe Tung(Founder)inMoby Francke(Founder)Areeb Pirani(CEO)in

Co-investorsAndreessen HorowitzMakers FundNew Enterprise Associates (NEA)

Thridversethirdverse.io

Thirdverse is an XR game studio that develops immersive virtual reality games and social experiences, including social VR, multiplayer sword fighting, hero shooters, and narrative action titles, for players worldwide.

ConsumerGaming

Masaru(Founder / CEO)

Co-investorsCyberAgent CapitalFenbushi CapitalKDDI Open Innovation FundKUSABINOW Japan

Tribotribo.gamesin𝕏Defunct

Tribo brings proven mobile games to the open web for instant browser play without app store downloads, and uses AI agents to run user acquisition, live operations, retention, and monetization.

AI & Machine LearningGamingMedia & EntertainmentHelsinki, FI

Arto Huhta(Founder)Borja Guillan(Founder)Mika Kuusisto(Founder)inIlkka Siik(Founder)in

Co-investorsPlay Ventures

Rows marked “SEC filing” are inferred from directors named on the company's SEC Form D — public regulatory data, not a portfolio list published by the firm.

Portfolio news

latest coverage across their companies

Frequently asked questions

How many investments has Sisu Game Ventures made?
Sisu Game Ventures has 65 tracked investments.
What stage does Sisu Game Ventures invest at?
Sisu Game Ventures invests at the Pre-Seed, Seed, Series A stages.
What sectors does Sisu Game Ventures focus on?
Sisu Game Ventures focuses on Gaming.
Where is Sisu Game Ventures located?
Sisu Game Ventures is headquartered in Oslo, NO.
Does Sisu Game Ventures lead rounds?
Yes, Sisu Game Ventures leads investment rounds.
Who does Sisu Game Ventures co-invest with?
Sisu Game Ventures most often shares deals with Initial Capital, Andreessen Horowitz, Bitkraft Esports Ventures, among 66 tracked co-investors.

Media · Podcasts & interviews

featuring the team

Samuli Syvähuoko, Sisu Game Ventures

Bit1 Game Award · Samuli Syvähuoko

Co-investors · 1

Bitkraft Esports Ventures

BITKRAFT Ventures is a global investment platform focused on gaming, interactive media, and related technologies, backing companies building at the convergence of physical and digital worlds (which it calls Synthetic Reality).

$100K – $5M

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

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