SEC Kind D submitting reveals new $50M Sisu Recreation Ventures fund aimed toward gaming startups – TechCrunch

In keeping with an SEC Kind D submitting, Sisu Recreation Ventures, a Pre-Seed and Seed fund which invests in gaming startups has raised a $50m first shut of its new fund. Nevertheless, the corporate declined to remark.

Paul Braigel of Sisu, which launched in 2014, did nevertheless remark that the agency had made a number of investments over the summer season, together with in a Zynga founder’s new enterprise. Sisu crew members have been concerned as entrepreneurs, operators and traders in firms like Treatment, Unity, Disney, Niantic, Funcom and EA. 

The fund has up to now made 14 investments. Half in current portfolio firms, akin to in Decision Video games and Lightheart Leisure, and the remaining in new additions, together with Theorycraft Video games, Playco, and Core Loop.

Braigel stated the Sisu fund III investor base is sort of completely from the video games business, together with world studios like Supercell, platform holders and publishers like Sony and Ubisoft, in addition to particular person founders of studios.

Bragiel stated: “Plenty of founders from the Sisu household have gone on to begin a number of profitable ventures and these are the sort of founders we like to help. Our objective is that if we put money into a founder as soon as, we hope to again all future firms they begin”.

Sisu says it invests earlier than a product is prepared and metrics are there, it additionally works with particular person founders in a ‘studio builder’ format.

Latest examples of this embody Lightheart Leisure with their first sport Mr. Autofire, in addition to Mainframe Industries with their but unannounced cloud-native MMO.

To this point the fund has had 8 exits, together with Small Large Video games acquisition by Zynga for 700m, but in addition King buying Hatrabbit, Helsinki Gameworks acquisition by Subsequent Video games and Flaregames acquisition of Kopla Video games.