Nordic Game Ventures

About Nordic Game Ventures

Nordic Game Ventures is a specialty Nordic gaming venture capital firm operating through twin sister vehicles: Nordic Game Ventures i Malmö AB (registered in Skanör, Sweden, AIFM-registered July 2019) and Nordic Game Fund Management Oy (Helsinki, Finland, AIFM-regulated since March 2019). The firm was founded in 2018 by managing partner Erik Robertson (long-time architect of the Nordic Game Conference) and general partner Timo Ylikangas (veteran Finnish games-industry investor), positioning itself as the first dedicated institutional Nordic-games VC sponsor offering early-to-growth-stage equity exposure to the regional video-games ecosystem. The firm operates as an independent specialist asset manager and is a fully code-compliant member of both Pääomasijoittajat (Finnish VC Association) and SVCA (Swedish Private Equity and Venture Capital Association), giving it cross-border regulatory standing across the Nordics. Specific publicly disclosed assets under management as of December 2024 are not available. The active firm-level fund vehicle supports a portfolio of 11-plus active investments.

Investment thesis

Nordic Game Ventures pursues an early-stage venture capital strategy exclusively focused on unlisted Nordic SMEs across the games, games-technology, applied-games, virtual reality, virtual spaces, metaverse, digital-health-via-games, and gaming-adjacent education-and-training sub-sectors. Geographic scope is strictly the five Nordic countries (Sweden, Finland, Denmark, Norway, Iceland) where the firm leverages cross-border AIFM authorisation and bilingual deal sourcing networks. Available references indicate average round-level commitments around USD 1.3 million with an annual cadence of approximately two to three new platform investments. The limited partner base is institutional, professional and family-office-oriented, with the firm publicly emphasising its positioning as a vehicle offering pure-play strategic Nordic-games-industry allocation. Value creation rests on three pillars: deep industry domain expertise from founders with combined approximately 50 years of Nordic games-development and games-publishing experience, ecosystem access via the Nordic Game Conference platform and adviser network, and strategic syndication with international games publishers and corporate venture capital.

Recent activity

Active portfolio investments include Localize Direct AB in gamestech and localisation infrastructure, Wanderword in interactive media and voice gaming, Gridly AB in gamestech and content management infrastructure, Quicksave Interactive Oy in game studio production, Bonus Stage Oy in game studio production, Undone Games AB in game studio production, Psyon Games Oy in applied games and digital health, and StageZero Technologies in gamestech and AI training data. On the realisation side, the firm reports one confirmed exit in 2023 covering Rehaboo Oy in applied games and digital health. Given the 2018 vintage and early-stage focus, additional realisations remain limited as the active portfolio matures across the Nordic games ecosystem.

Frequently asked questions

What investment strategy does Nordic Game Ventures focus on?

Nordic Game Ventures focuses on VC strategies in the private equity space.

How many portfolio companies does Nordic Game Ventures have?

Nordic Game Ventures has 7 active portfolio companies and 4 completed exits and 1 fund tracked on GP Intel.

Where is Nordic Game Ventures headquartered?

Nordic Game Ventures is headquartered in Malmo, Sweden.

When was Nordic Game Ventures founded?

Nordic Game Ventures was founded in 2019.

What sectors does Nordic Game Ventures invest in?

Nordic Game Ventures invests across TMT, Software.

What are Nordic Game Ventures's recent exits?

Recent realized exits by Nordic Game Ventures include: Rehaboo Oy (2023) to EvokAI Creative Labs.