Sisu Ventures III

Sisu Ventures III is an early-stage venture capital fund managed by Sisu Game Ventures, based in Helsinki, Finland. Established in 2014, Sisu Ventures focuses on the gaming industry, particularly targeting the most promising gaming companies in the Nordic region. The fund's investment strategy is selective, considering opportunities outside the Nordics primarily through its established network. Sisu's team comprises four active partners with extensive experience in the gaming sector and startup ecosystems, having founded and developed numerous companies and achieved several successful exits. This combination of industry expertise and a targeted investment approach positions Sisu Ventures III as a significant player in the gaming investment landscape.

Jere Partanen

Associate

Samuli Syvähuoko

Co-Founder & Partner

40 past transactions

Extra Dimension Games

Seed Round in 2022
Veteran developers making a new breed of mobile games

Rocky Road

Seed Round in 2022
Rocky Road intends to create the world's first casual open world mobile game based on real-world map data.

Pocket Burger Games

Seed Round in 2021
IAP funded, system driven mobile games in blue ocean markets.

Silvercoin Studios

Pre Seed Round in 2021
Operator of a game development studio intended to offer mobile-based games. The company aims to deliver exceptional games in the hyper-core genre.

Core Loop Games

Series A in 2021
Core Loop Games engages in building the next generation of MMOs. Gameplay and social cooperation are the core of its mission. They want to reimagine how players cooperate on a large scale together. The company was founded by veterans from MachineZone, GREE, and Funzio. It is VC backed and building a remote team of engineers and artists.

1939

Venture Round in 2021
1939 Games ehf. is an indie game development studio based in Reykjavík, Iceland, founded in 2015 by former veterans of CCP. The company specializes in creating World War II-themed gaming experiences, with a primary focus on developing a digital collectible card game titled KARDS. This game integrates familiar elements from the card game genre while incorporating classic World War II themes, aiming to deliver an engaging and action-packed experience for players. By blending historical facts with gameplay, 1939 Games seeks to provide a unique role-playing experience that appeals to both card game enthusiasts and history buffs alike.

FuzzyBot

Seed Round in 2021
FuzzyBot is building genre-crossing games within imaginative worlds that spark excitement and creativity. Founded in 2020, FuzzyBot is a team of experienced and versatile industry veterans with AAA backgrounds from studios like Ubisoft, Bungie, and EA. Our development philosophy is around dreaming big, but building smart – maintaining a pragmatic, flexible, and down-to-earth approach focused on shipping games. We are focused on creating games that connect players across generations by creating universes of curiosity and excitement, combining the joy of creation with the thrill of AAA action.

Multiscription

Seed Round in 2021
Multiscription operates as a mobile gaming start-up. Multiscription introduces a scalable business model across multiple platforms and sectors.

Thirdverse

Series B in 2021
Thirdverse, formerly known as Yomuneco Inc., is a Japanese company specializing in the planning, development, sales, and management of virtual reality content and services. The firm focuses on creating immersive experiences, including virtual reality gaming, and has developed a niche in the virtual reality room escape genre. With a commitment to innovation in the VR space, Thirdverse aims to enhance user engagement by delivering high-quality interactive experiences.

Resolution Games

Series C in 2021
Resolution Games AB is a gaming studio based in Stockholm, Sweden, founded in 2015. The company specializes in developing virtual reality (VR) and augmented reality (AR) games, aiming to create immersive experiences for players. With a team of industry experts, Resolution Games focuses on producing a diverse catalog of titles that enhance the sense of presence and engagement through cutting-edge technology. The studio's games are designed to be available across multiple platforms, catering to a wide audience of gaming enthusiasts.

Quicksave

Seed Round in 2021
Quicksave Interactive is a chat game platform based in Helsinki, Southern Finland, that focuses on creating engaging gaming-based chatting applications. Founded in 2017, the company aims to enhance the interactivity of social messaging apps by integrating multiple games into these platforms. Quicksave develops proprietary game development tools that utilize HTML5 and typescript technology, enabling the creation of high-quality games with improved iteration speed. The company also explores web3 and blockchain technologies to further enrich the gaming experience for users within social applications, fostering a more interactive environment for gamers.

Lightheart Entertainment

Series A in 2021
Lightheart Entertainment Oy is a mobile game development studio located in Helsinki, Finland, established in 2019 by a team of experienced developers. The company focuses on creating engaging mobile games while prioritizing efficient development processes and data-driven decision-making. Lightheart aims to enhance the gaming experience not only through high-quality games but also by innovating the methods used in game development, striving to minimize learning curves and improve scalability.

Theorycraft Games

Series A in 2021
Theorycraft Games operates as an independent game studio. Theorycrafting is an honor players reserve for the deepest games in the world. It’s what we do when a game is worthy of endless speculation and debate about how best to play.

Thirdverse

Series A in 2020
Thirdverse, formerly known as Yomuneco Inc., is a Japanese company specializing in the planning, development, sales, and management of virtual reality content and services. The firm focuses on creating immersive experiences, including virtual reality gaming, and has developed a niche in the virtual reality room escape genre. With a commitment to innovation in the VR space, Thirdverse aims to enhance user engagement by delivering high-quality interactive experiences.

Core Loop Games

Seed Round in 2020
Core Loop Games engages in building the next generation of MMOs. Gameplay and social cooperation are the core of its mission. They want to reimagine how players cooperate on a large scale together. The company was founded by veterans from MachineZone, GREE, and Funzio. It is VC backed and building a remote team of engineers and artists.

Dazzle Rocks

Series A in 2020
Dazzle Rocks Oy is a mobile games development studio based in Helsinki, Finland, established in 2014 by industry veterans. The company specializes in creating social multiplayer mobile games that connect global players through immersive experiences, fostering community building in a massive multiplayer online environment. Its games, including "7 Legends" and the "Summer Update," are designed to appeal to both East Asian and Western markets, featuring user interface and user experience elements that are particularly accessible to female players. Dazzle Rocks utilizes a highly scalable proprietary engine that supports virtual world building, a virtual economy, and real-time social interaction during gameplay. The company's first game is currently in beta testing, with plans for launch in the latter half of 2020.

1939

Venture Round in 2020
1939 Games ehf. is an indie game development studio based in Reykjavík, Iceland, founded in 2015 by former veterans of CCP. The company specializes in creating World War II-themed gaming experiences, with a primary focus on developing a digital collectible card game titled KARDS. This game integrates familiar elements from the card game genre while incorporating classic World War II themes, aiming to deliver an engaging and action-packed experience for players. By blending historical facts with gameplay, 1939 Games seeks to provide a unique role-playing experience that appeals to both card game enthusiasts and history buffs alike.

Superplus Games

Venture Round in 2020
Superplus Games Oy, founded in 2015 and headquartered in Helsinki, Finland, specializes in the development and commercialization of casual multiplayer games for mobile platforms. The company gained notable recognition with its hit game, Hills of Steel, which has achieved over 50 million downloads and earned the Editors’ Choice badge from Google Play. Unlike many developers who focus on competitive genres such as real-time strategy, role-playing games, and first-person shooters, Superplus Games aims to introduce playful competition within the casual gaming sector. Their mission is to create engaging games that players will enjoy and continue to play over time. To support this goal, the company employs a data-driven approach in its decision-making processes.

Mainframe Industries

Series A in 2020
Mainframe Industries is a Reykjavik, Iceland and Helsinki, Finland-based startup working on the development of an open world, social sandbox MMO for cloud gaming.The company will will work on an open-world, social sandbox MMO specifically designed for cloud gaming, with cross-platform play across mobile, PC, and TV. Mainframe believes that the promise of friction-free access from social networks and streaming platforms on the device of your choice will greatly expand the creative canvas for game developers.

Coherence

Seed Round in 2019
Coherence is a company based in Malmö, Sweden, that specializes in developing a cloud-based platform for game developers. Founded in 2018, its platform facilitates the creation of scalable and persistent virtual worlds, enabling seamless online connectivity among players. Coherence's solution integrates with popular game engines and offers features such as automatic scaling, load balancing, and cloud-based artificial intelligence management. This approach fosters an open and accessible environment for both developers and gamers, promoting a democratized process for creating and engaging with connected games.

Utopos Games

Seed Round in 2019
Utopos Games is a video game development studio based in Las Vegas, Nevada, founded in 2019 by former employees of Westwood Studios. The company specializes in creating cross-platform games, including strategy, arcade action, and shooter genres, for PCs, consoles, and mobile devices. Utopos Games focuses on both premium and free-to-play models, leveraging the extensive experience of its founders in the gaming industry to deliver engaging gameplay experiences.

Mainframe Industries

Seed Round in 2019
Mainframe Industries is a Reykjavik, Iceland and Helsinki, Finland-based startup working on the development of an open world, social sandbox MMO for cloud gaming.The company will will work on an open-world, social sandbox MMO specifically designed for cloud gaming, with cross-platform play across mobile, PC, and TV. Mainframe believes that the promise of friction-free access from social networks and streaming platforms on the device of your choice will greatly expand the creative canvas for game developers.

Doppio SA

Seed Round in 2019
Doppio SA is a game development company based in Porto, Portugal, founded in 2018. The company specializes in creating cross-platform and voice-controlled games, focusing on innovative, narrative-driven experiences. Doppio's notable titles include "The Vortex," a game designed for voice interaction on both Amazon Alexa and Google Assistant, and "The 3% Challenge." Through its unique approach to gaming, Doppio aims to advance the genre of conversational games and enhance user engagement with voice technology.

Immersal

Venture Round in 2019
Immersal Ltd. develops Immersal AR Cloud SDK, a visual positioning and mapping solution for markerless, persistent, battery-friendly, massively multi-user AR. It can be used for enabling immersive AR experiences, such as indoor navigation, product finding, multi-player AR games, ads — your imagination is the limit. Immersal is based in Helsinki, Finland, and currently employ a team of 10 AR gurus.

Hipfire Games

Seed Round in 2019
Hipfire Games (TechStars '18) is focused to open a new market in multiplayer gaming in Virtual Reality by allowing VR gamers to play with mobile gamers. The team comes from Supercell and Rovio background. Developing large scale multiplayer games for VR has been so far impossible with the limitations in available users. With Hipfire's technology platform and games VR users can now play with anyone who owns a mobile phone, including all of their friends. This opens the platform to be more social than ever before and lets developers to create larger games than ever before in VR.

Exit Plan

Seed Round in 2019
Exit Plan sp. z o.o. is a Poland-based company that specializes in the development of computer games. The firm operates a gaming platform designed to facilitate the creation and enjoyment of video games. This platform allows users to build unique gaming experiences and offers a range of innovative, creative, and easily accessible games. By enabling players to select and engage with games according to their preferences, Exit Plan aims to enhance user experience and foster creativity within the gaming community.

Lightheart Entertainment

Seed Round in 2019
Lightheart Entertainment Oy is a mobile game development studio located in Helsinki, Finland, established in 2019 by a team of experienced developers. The company focuses on creating engaging mobile games while prioritizing efficient development processes and data-driven decision-making. Lightheart aims to enhance the gaming experience not only through high-quality games but also by innovating the methods used in game development, striving to minimize learning curves and improve scalability.

Resolution Games

Series B in 2018
Resolution Games AB is a gaming studio based in Stockholm, Sweden, founded in 2015. The company specializes in developing virtual reality (VR) and augmented reality (AR) games, aiming to create immersive experiences for players. With a team of industry experts, Resolution Games focuses on producing a diverse catalog of titles that enhance the sense of presence and engagement through cutting-edge technology. The studio's games are designed to be available across multiple platforms, catering to a wide audience of gaming enthusiasts.

1939

Seed Round in 2018
1939 Games ehf. is an indie game development studio based in Reykjavík, Iceland, founded in 2015 by former veterans of CCP. The company specializes in creating World War II-themed gaming experiences, with a primary focus on developing a digital collectible card game titled KARDS. This game integrates familiar elements from the card game genre while incorporating classic World War II themes, aiming to deliver an engaging and action-packed experience for players. By blending historical facts with gameplay, 1939 Games seeks to provide a unique role-playing experience that appeals to both card game enthusiasts and history buffs alike.

Nextmind

Seed Round in 2018
NextMind SAS develops wearable non invasive brain sensing device that combines neural networks and neural signals from the brain which allows users to play games and control computers, mobile devices and VR and AR headsets using thoughts. The company was founded in 2017 and is based in Paris, France.

Network Next

Pre Seed Round in 2018
Network Next, Inc. provides Internet lane for online game developers and other interactive content. The company was founded in 2017 and is based in Santa Monica, California.

3rd Eye Studios

Seed Round in 2017
3rd Eye Studios Oy Ltd, founded in June 2016 and headquartered in Helsinki, Finland, specializes in developing tools and technology for virtual reality game development on PC and mobile platforms. The company offers products such as Downward Spiral, a zero-gravity space thriller, and 3rd Eye Core, a platform aimed at enhancing the creation of virtual reality games. Comprising industry veterans with extensive experience from notable companies like Remedy Entertainment and Unity Technologies, 3rd Eye Studios focuses on delivering sophisticated and atmospheric gaming experiences while providing innovative solutions for game developers. The company also has a presence in Shanghai, reflecting its commitment to a global reach in the gaming industry.

Varjo

Series A in 2017
Varjo Technologies develops headset capable of both virtual and augmented reality. It uses that phrase with two meanings in mind. For one thing, the company’s headset offers resolution in the center of the screen that is good enough to hide individual pixels. But the headset’s display also mimics how human vision works in general. The high-density displays occupies the center of the field of view in headset, and surrounds by lower-resolution displays at the left and right edges. The company was founded in 2016 and is headquartered in Helsinki, Finland.

Network Next

Pre Seed Round in 2017
Network Next, Inc. provides Internet lane for online game developers and other interactive content. The company was founded in 2017 and is based in Santa Monica, California.

Quicksave

Pre Seed Round in 2017
Quicksave Interactive is a chat game platform based in Helsinki, Southern Finland, that focuses on creating engaging gaming-based chatting applications. Founded in 2017, the company aims to enhance the interactivity of social messaging apps by integrating multiple games into these platforms. Quicksave develops proprietary game development tools that utilize HTML5 and typescript technology, enabling the creation of high-quality games with improved iteration speed. The company also explores web3 and blockchain technologies to further enrich the gaming experience for users within social applications, fostering a more interactive environment for gamers.

Vizor.io

Seed Round in 2017
Vizor is an online platform that lets its users explore, create, and publish virtual reality on the web.

Armada Interactive

Seed Round in 2016
Armada Interactive Oy is a mobile game development company based in Helsinki, Finland, founded in 2015. The firm specializes in creating next-generation core mobile games, focusing on the development of high-quality, freemium, and real-time multiplayer experiences. Armada Interactive aims to offer players a uniquely engaging gaming experience that combines challenge and entertainment, ensuring that mobile accessibility does not compromise the quality of gameplay.

Singa

Seed Round in 2015
Singa is the Spotify of karaoke for personal and commercial use. Access a catalog of 20 000+ songs to sing effortlessly anywhere, any time and with any platform. Easy to use is Singa’s main operating principle. You don’t need to buy a console, or a microphone, or even a DVD-player. Singa is platform agnostic. To use Singa, you’ve already got everything you need either in your pocket (mobile phone), on your table (PC) or in your living room (TV). * One account works on all devices, mobile, browser or Smart TV * Each user gets to test Singa for free before signing up to a Premium account * Singa works fluently with external accessories

Umbra

Seed Round in 2015
Umbra empowers 3D graphics designers and engineers to create, optimize, share and view their designs in real-time on virtually any device. As the established gaming industry standard in graphics optimization for more than a decade, Umbra is now redefining rapid visualization for all industry ecosystems utilizing complex 3D models. Headquartered in Helsinki, Finland, Umbra has offices in the US, EMEA, and APAC.