Riot Games is an American video game developer and publisher best known for League of Legends and VALORANT. Through its Underrepresented Founders Program, a $10 million fund launched in 2020, Riot makes direct strategic investments in gaming startups led by underrepresented founders.
53% of their portfolio is in Gaming. Their most common stage is seed (42% of deals). Average disclosed round size is $15.8M (across 14 rounds with reported amounts).
Portfolio
15
Fund Size
$10M
Top Stage
Seed
Last 12 Mo
0
Team
Abhi Ramprasad
Chief Strategy Officer
Anna Donlon
Studio Head, VALORANT
Chris Greeley
Global Head of LoL Esports
Christian Linke
Head of Animation Studio
David Xu
EP, League of Legends: Wild Rift
Portfolio Breakdown
Stage Distribution
Sector Distribution
Investment Activity
DealsAvg Round Size
Portfolio
19 investments
| Company | Round | Amount | Date |
|---|---|---|---|
 Levellr | Seed | $2.5M | Nov 2024 |
 Stoke Games | Seed | — | Feb 2024 |
 Wicked Saints Studios | Seed | $3.5M | Sep 2023 |
 Wicked Saints | Seed | $3.5M | Sep 2023 |
 Believer | Series A | $55M | Mar 2023 |
| BBeliever Entertainment | Series A | — | Mar 2023 |
| Believer | Unknown | $55M | Jan 2023 |
 Frost Giant Studios | Series A | $25M | Jan 2022 |
| Frost Giant Studios | Unknown | — | Mar 2021 |
 Double Loop Games | Series A | $8M | Jan 2021 |
| CCarry 1st | Unknown | $6M | Jan 2021 |
| Frost Giant Studios | Seed | $4.7M | Oct 2020 |
 The Mainframe | Series A | $8.1M | Mar 2020 |
| MMainframe Industries | Series A | $20.3M | Jan 2020 |
 Venn | Seed | — | Sep 2019 |
 Gamelynx | Unknown | $1.2M | Jan 2018 |
| Tthe*gameHERs | Seed | — | — |
 Liminal Experiences | Seed | $5.8M | — |
| MMainframe Industries | Series B | $22.9M | — |
Top Co-Investors
BITKRAFT Ventures10 shared
1Up Ventures6 shared
Andreessen Horowitz4 shared
Gaingels4 shared
Maki.vc3 shared
Sisu Game Ventures3 shared
Crowberry Capital3 shared
The Tornante Company3 shared
Lightspeed Venture Partners3 shared
Cleveland Avenue3 shared
Founders Fund3 shared
Griffin Gaming Partners2 shared
Origins2 shared
Precursor Ventures2 shared
The Mini Fund2 shared
Cap Table Coalition2 shared
Oregon Venture Fund2 shared
Skaala2 shared
Global Founders Capital2 shared
Last updated: 20 October 2026