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 Iceland

Rocky Road

Seed Round in 2022
Rocky Road is a developer focused on creating social games that promote player interaction and relationship building. The company's flagship product aims to be the first casual open-world mobile game utilizing real-world map data. This innovative approach allows players to navigate a familiar environment while engaging with others in a simple, accessible format. By emphasizing ease of use, Rocky Road provides a platform where gamers can socialize, meet new people, and foster long-lasting connections in an immersive gaming experience.

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.

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.

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.

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.
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