Press release -
Vela Games Raises $3.1M in Seed Investment Round
Investment includes new partnership with London Venture Partners; Studio To Focus On Vision To Redefine Multiplayer Gaming Through Co-operative Play
8 April 2020, Dublin: Vela Games today announced a $3.1M Seed investment round, led by Lvp, and with follow on investment from existing investor IIU. This round allows the Dublin-based studio to deliver their vision of redefining multiplayer gaming through co-operative play. Lvp partner Are Mack Growen will join the board of directors as part of the investment.
Founded in 2018 by Travis George, Brian Kaiser, and Lisa Newon George, Vela Games previously raised $3.7 million to establish a team of 16 talented developers from AAA studios, and prove out their design. This current round will accelerate delivery of the studio’s first title, a unique new genre of gameplay Vela Games is calling Multiplayer Online Co-Operative, or MOCO for short.
“We’ve been building out our bold vision for MOCO over the past two years and we are excited to work with Lvp to combine their long history and expertise in scaling genre-defining games companies with our own,” commented Travis George.
“We believe it’s important to work with partners who are excited about our mission, and Lvp has a great track record of working with innovative companies. We are thrilled to add Lvp to our fantastic team of existing partners, including IIU and Enterprise Ireland,” added Kaiser.
“Our goal is to reimagine what multiplayer co-operative gaming looks like with a player first mentality in everything we do,” commented Newon George. “Co-operative gaming hasn’t yet been developed to its full potential. We want to create a new genre of game that will enable us to unite both PvP and PvE players from all over the world.”
Lvp’s Are Mack Growen said “Vela Games has built a world class team of very experienced developers, with several studio leaders coming from key positions on League of Legends, the world’s largest game. Their first game is really starting to take shape, in an area in the games market that we are passionate and optimistic about. So we are very excited to team up with Vela, and look forward to supporting them with our network and portfolio of games entrepreneurs as they continue scaling their business.”
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About Vela Games
Vela Games is an independent game development studio based in Dublin, Ireland. The company was founded in 2018 and is comprised of industry veterans with a shared passion for creating innovative, player first experiences. Vela is currently developing its first genre-defining multiplayer title with the mission of uniting gamers from around the world through co-operative play. To learn more about Vela Games, visit https://vela.games.
About Lvp
Lvp is an early stage fund with a valuable difference: the partners are operating experts in the games ecosystem and team have been seed investors in game companies that have created over $18 billion in value through exits including Supercell, Unity, Playfish and NaturalMotion. Lvp are investors in many other great games companies including Singularity 6, AppOnboard, Bunch, Bossa Studios, Betadwarf and many others. To learn more about LVP, visit http://www.londonvp.com.
