View source for News/Behold to Invest $59.2m

{{News
|seo_title=Behold to Invest $59.2m
|seo_keywords=Behold Ventures
|image=Morebehold.png
|tags=Behold Ventures
|date=2025-07-02T10:47:48.000Z
|sources={{NewsSource
|source=Games Industry
|url=https://www.gamesindustry.biz/behold-ventures-raises-592m-to-support-european-devs
|article=News/Behold to Invest $59.2m
}}
|author=Andura
|category=Investments
|content=Behold Ventures has announced the successful close of a $59.2 million fund dedicated to investing in early-stage European game developers. The firm, founded in 2021, has already made a significant impact in the industry and now aims to expand its portfolio further, with a strong focus on the Nordic region.

Since its inception, Behold Ventures has invested $21 million across 18 studios, with the vast majority located in the Nordic countries and three based in the United Kingdom. This latest round of funding will allow the firm to support more than 25 emerging companies, targeting investments in developers, tools, and gaming technology.

Founder and managing partner Karl Magnus Troedsson shared insights into the origins of the capital, revealing that 54% of funds came from Europe, while 44% were sourced from Asia, and just 2% from the United States. The firm also benefited from a wide range of investor types: 43% strategic investors, 42% institutional, 10% family offices, high-net-worth individuals, and funds-in-funds, and 5% general partners.

This diverse financial backing reflects a broad confidence in the potential of European game development, even as investor sentiment across the wider tech sector becomes more cautious.

A Growing Portfolio of Emerging Talent
Behold Ventures has already backed several promising studios, including Dead Astronauts, Seven Stars, and Red Rover. The firm was also a participant in the $7 million investment round for Blue Scarab Entertainment in 2024.

Despite growing skepticism in the VC space regarding developer-focused investments, Troedsson remains confident in the firm’s long-term vision.

“I think a lot of people are questioning just investing in game developers, because people don't really feel that the risk level might be high,” said Troedsson.

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}}