Lightspeed Venture is a venture capital firm founded by six former investors from Weiss Peck & Greer, a 30-year-old venture capital firm. Many of these investors had separated themselves after the dotcom bubble burst, and were seeking more established businesses that had meaningful sales figures. One of these firms was Cisco, which gave Lightspeed permission to use its name for the startup. The firm has since built a $1 billion fund to invest in early-stage companies.
One More Game
Lightspeed Venture Partners is a VC firm that invests in game development. The firm is based in Menlo Park, California, and has offices in China, India, and Herzelia Pituach, Israel. Its investments span the gaming and crypto spectrum. While its portfolio includes traditional video game companies like Electronic Arts, it also invests in indie developers.
Hidden Leaf Games
Game development companies Lightspeed Venture and Hidden Leaf Games have raised funds to help indie developers create the next breakthrough title. The companies are focused on the core elements of competitive mastery, social play and core progression. Both companies have a focus on remote development and have over 50 developers around the world. They also promote their products to tech buyers through CB Insights and its Gaming Expert Collection, which lists the top companies in the video gaming industry.
Hidden Leaf Games is building a 3v3 multiplayer online battle arena game called Fangs. It has raised $3.2 million in seed funding. The company’s executives are veterans of Riot Games and PUBG, and they plan to use the funds to create a competitive world for gamers.
The two companies are backed by Lightspeed Venture Partners, an international tech venture capital firm that has previously supported the likes of Snap, Affirm, and Dota 2. They have also secured funding from “several individual investors.” The funding for the company’s first 3-on-3 MOBA game will be spent on a PC version and a cross-platform port.
Hidden Leaf hired World of Warcraft mod creator Steve “Guinsoo” Feak to lead its design team. Feak was the man behind the core gameplay mechanics of Dota 2 and League of Legends. The developers plan to introduce multiple ways to win, while also adding layers of depth for high-level players.
Tripledot Studios
In a time when game development is increasingly focused on creating big titles, two game development companies with billions of users are stepping out of their comfort zones and aiming to make a bigger splash. Both Lightspeed Venture and Tripledot Studios have been busy this year. While Lightspeed is pursuing the development of games for the web, Tripledot Studios is focusing on mobile gaming and monetization mechanics.
Lightspeed Venture backed the game development company with an investment of $40 million, and Tripledot Studios has raised more than $78 million. The companies have received funding from a variety of investors, including Access Industries and Eldridge. Their funding is intended for expanding their game portfolio, which includes the acquisition of other game developers. Their combined capital now stands at $1.4 billion, and the companies are positioning themselves to be one of the next unicorns in the game industry.
In addition to creating games, the two companies also invest in monetization and data-driven products. Tripledot, meanwhile, is focused on building a company that can last for generations. It has launched four games this year and reaches 25 million users per month. It also has studios in Barcelona and St. Petersburg, Russia, and employs 250 people. They hope to continue their success by focusing on data-driven decision making.
Both companies were founded by industry veterans. As of last year, Tripledot was generating more than $100 million in revenue and has over 11 million active players. In the last year, the company tripled its employee base and now employs more than 90 people. In addition to founder Lior Shiff, the company’s CEO, Akin Babayigit, and Eyal Chameides, formerly of Product Madness, are responsible for Tripledot’s success.
Mythical Games
Both companies have made big moves in the gaming industry, and they are both on the cusp of significant changes. One company, Mythical Games, has three key executives who are leaving. However, it’s not all bad news. These companies believe in true ownership of digital assets and verifiable scarcity through integrated secondary markets.
The two game development companies have each raised a significant amount of money in recent months. Mythical Games, for example, raised $150 million for its next-generation game technology. It recently announced a partnership with the NFL to create NFL Rivals, a game powered by blockchain technology.
Solana Ventures
Several major game publishers are turning to blockchain networks in order to improve their gaming experiences. Lightspeed Venture and Solana Ventures are two such companies. Both companies have invested in the development of blockchain-based games. Solana Ventures is the investment arm of Solana Labs. It has partnered with Forte and Griffin Gaming Partners to invest $150 million in games built on the Solana blockchain.
Lightspeed Venture has invested in four blockchain-based game development companies. It has invested in FTX, a company with close ties to Solana. The two companies have a combined investment of over $10.5 billion. Lightspeed has invested in more than 400 companies, and Solana has invested in eight. Last week, Solana participated in a $21 million seed round in BetDex.
Lightspeed Venture Partners’ $100 million gaming fund will invest in companies creating web-based games that use the blockchain. The game industry is a huge opportunity for crypto. With more than two billion people online, gaming has a potential to attract more users. The video game market is expected to be $219 billion by 2024.
The companies will be launching two games: Mini Royale: Nations and Faraway. Mini Royale: Nations is a browser-based first person shooter, which requires no installation and doesn’t require third-party clients. It is designed to work with any hardware and is available instantly on all platforms.
FTX
Lightspeed Venture Partners (LSP) is an investor in game development companies. Its portfolio of investments includes Kixeye, Playdom, Serious Business, and Kongregate. With the rise of online games and platforms, opportunities for game developers have multiplied. This has led to the need for venture capital to help developers develop their projects.
LSP is known for its deep understanding of game development and has made over 400 investments. It has also invested in several Indian startups. Currently, it has more than $2.7 billion in committed capital and four hundred active investments. The company is also partnering with a number of category leaders in India, including Grab, Innovaccer, and the Indian Energy Exchange. Lightspeed is committed to serving the world’s most extraordinary individuals through its investments.
Lightspeed Venture Partners is an enterprise and consumer venture capital firm. It invests in seed, early, and growth stage companies. It also has a Health and Fintech practice. Its investments range from video game companies to consumer internet companies. Lightspeed has made investments in Snap, GrubHub, GIPHY, and others.
Conclusion
Lightspeed Interactive and One More Game are two of the companies that LSP has invested in. One More Game, founded by veterans, closed a $22 million Series A funding round led by Lightspeed Venture Partners. One More Game will release an online competitive strategy game, Spellcraft, which aims to create a new genre in gaming. The company has also received investment from several individual investors.
