Behold Ventures is a Stockholm-based venture capital fund focused exclusively on early-stage video game startups. The firm invests in game developers as well as tools, technology, and infrastructure related to the gaming industry, with a strong focus on the Nordic region and broader Europe.
67% of their portfolio is in Gaming. Their most common stage is seed (44% of deals). Average disclosed round size is $6.3M (across 7 rounds with reported amounts).
Portfolio
9
Fund Size
$58.2M
Top Stage
Seed
Last 12 Mo
0
Team
Portfolio Breakdown
Stage Distribution
Sector Distribution
Investment Activity
DealsAvg Round Size
Portfolio
9 investments
| Company | Round | Amount | Date |
|---|---|---|---|
 Dead Astronauts | Seed | — | Jan 2025 |
 Porcelain Fortress | Seed | $3M | Sep 2024 |
| BBlue Scarab Entertainment | Seed | $7M | Jul 2024 |
 Red Rover | Series A | $15M | Apr 2024 |
 Red Rover Interactive | Series A | $15M | Jan 2024 |
 Lurkit | Seed | $2.7M | Jun 2022 |
 Esports Coaching Academy | Pre-Seed | $750K | — |
 Vitar Games | Unknown | $550K | — |
 Winterkeep | Unknown | — | — |
Top Co-Investors
Overwolf2 shared
TIRTA Ventures2 shared
KRAFTON2 shared
Sisu Game Ventures1 shared
Crowberry Capital1 shared
NetEase1 shared
1Up Ventures1 shared
Sequoia Capital1 shared
Techstars1 shared
Last updated: 20 October 2026