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Behold Ventures has raised $25.9 million to create a new gaming venture capital fund focused on funding Nordic gaming startups.
Behold Ventures is a new venture fund focusing entirely on investments in gaming start-ups, mainly in the fast-growing Nordic industry cluster in Sweden, Norway, Finland, Denmark and Iceland.
The fund is Sweden’s largest game-focused fund, said Karl Magnus Troedsson, cofounder of the fun, in an interview with GamesBeat. Troedsson, a veteran of Electronic Arts’ DICE studio, started the fund in the past year with Sigurlina Ingvarsdottir (CCP, EA/DICE) and Magnus Kenneby (Sequent).
It’s a kind of micro-fund operated by industry specialists.
“We’re a small venture capital fund and are passionate about our small sector,” Troedsson said. “We believe that we can do better than many others are picking the winners inside of this sector. We can do better than others helping our portfolio companies create value, and help them become great companies. I think this is what we’re trying to achieve. And if we do this right, we will not only help usher in a new generation of game developers, but will also make great business for ourselves and our limited partners in the fund.”
Behold Ventures was established to solely target early-stage investments in video game start-ups, primarily in the Nordic markets. The …