Sisu Ventures III

Sisu Ventures III is an early-stage venture capital fund managed by Sisu Game Ventures, located in Helsinki, Finland. Established in 2014, the firm specializes in the gaming sector, focusing primarily on investments in promising gaming companies within the Nordic region. Sisu Game Ventures is comprised of four active partners, each with significant experience in the gaming industry and startup ecosystem, having founded and developed numerous companies with successful exits. While the primary focus remains on Nordic companies, Sisu may consider investments outside the region if they arise through their established network.

Erik Gloersen

General Partner

Kalle Kaivola

Co-Founder, Partner

Samuli Syvähuoko

Founding Partner

Past deals in Finland

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

Series A in 2021
Lightheart Entertainment Oy, founded in 2019 and based in Helsinki, Finland, focuses on developing and publishing mobile games. The company is comprised of experienced developers who aim to enhance the gaming experience by minimizing time-to-learning and creating scalable development processes. Lightheart specializes in action games for both desktop and mobile platforms, striving to deliver engaging, casual gaming experiences that resonate with players. The team is committed to leveraging data-driven decision-making to improve game development practices while ensuring that the quality and enjoyment of their games remain at the forefront.

Dazzle Rocks

Series A in 2020
Dazzle Rocks Oy is a mobile game development studio based in Helsinki, Finland, founded in 2014 by industry veterans. The company specializes in creating social multiplayer mobile games that connect players globally through immersive experiences. Dazzle Rocks aims to empower gamers to build and expand communities within a massive multiplayer online environment. Its games, designed to appeal to both East Asian and Western markets, feature female-friendly user interface and experience elements. The proprietary engine developed by Dazzle Rocks is highly scalable and adaptable for future projects, supporting virtual world-building, a virtual economy, and real-time social interactions during gameplay. The company's first game is currently in beta testing and is expected to launch in the latter half of 2020.

Superplus

Venture Round in 2020
Superplus Games Oy is a Helsinki-based company founded in 2015 that specializes in developing and commercializing casual multiplayer games for mobile devices. The company has gained recognition for its popular game, Hills of Steel, which has been downloaded over 50 million times and has received accolades such as the Editors’ Choice badge from Google Play. Superplus aims to tap into the potential of casual multiplayer gaming, distinguishing itself from many developers who concentrate on more competitive genres. The company focuses on creating accessible and entertaining games that encourage playful competition among players. With a strong emphasis on data-driven decision-making, Superplus is dedicated to producing games that foster long-term engagement and enjoyment among users.

Mainframe

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.

Mainframe

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.

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 Oy, established in 2017 and based in Helsinki, Finland, specializes in developing virtual reality games that integrate mobile gaming. The company aims to revolutionize multiplayer gaming by allowing VR users to compete and collaborate with mobile gamers, effectively creating a more inclusive and social gaming environment. Drawing from a team with experience at notable gaming companies like Supercell and Rovio, HipFire's technology enables real-time interaction between users on VR headsets and mobile devices. This innovative approach addresses the limitations of traditional multiplayer gaming in virtual reality, paving the way for larger and more engaging games.

Lightheart

Seed Round in 2019
Lightheart Entertainment Oy, founded in 2019 and based in Helsinki, Finland, focuses on developing and publishing mobile games. The company is comprised of experienced developers who aim to enhance the gaming experience by minimizing time-to-learning and creating scalable development processes. Lightheart specializes in action games for both desktop and mobile platforms, striving to deliver engaging, casual gaming experiences that resonate with players. The team is committed to leveraging data-driven decision-making to improve game development practices while ensuring that the quality and enjoyment of their games remain at the forefront.

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.

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, founded in 2015 and headquartered in Helsinki, Finland, specializes in the development of mobile games that prioritize high-quality gaming experiences. The company focuses on creating next-generation core mobile games characterized by AAA visual fidelity, freemium models, and real-time multiplayer capabilities. Armada Interactive aims to challenge and entertain players while ensuring that mobile accessibility does not compromise quality. Its games are designed to offer engaging global experiences, featuring synchronous player-versus-player interactions, 3D console-level graphics, and potential for eSports integration, thereby pushing the boundaries of innovation and competitiveness in the mobile gaming sector.

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 Software Oy, founded in 2006 and headquartered in Helsinki, Finland, specializes in developing 3D graphics software tailored for the gaming industry. The company serves clients both domestically and internationally, including game studios across various countries such as the United States, Korea, China, and Japan. Umbra's software allows 3D graphics designers and engineers to create, optimize, and visualize complex 3D models in real-time on a wide range of devices, making it versatile across different hardware configurations. With over a decade as an established standard for graphics optimization in gaming, Umbra is now expanding its applications to various industries that utilize intricate 3D content.
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