Sweden-based Hiber Raises $15M Series A Led by EQT Ventures
Sweden-based Hiber, a no-code service that allows users to create games using mobile phones, has recently raised $15 million in a Series A funding round led by EQT Ventures. This brings the total amount raised by Hiber to $20 million. The company aims to help users publish their own user-generated games for web and mobile devices. With this latest funding, Hiber plans to further develop its platform and expand its reach to new users globally. This article will provide an in-depth analysis of Hiber’s recent funding round and its potential impact on the gaming industry.
Expanding the No-Code Game Creation Market
Hiber’s no-code service allows users, regardless of their coding skills, to create games using their mobile phones. This democratization of game development opens up opportunities for individuals who may not have the technical expertise to create games traditionally. By providing a user-friendly platform, Hiber aims to empower aspiring game developers and foster creativity within the gaming community.
The $15 million raised in the Series A funding round will enable Hiber to improve its platform and make it even more accessible to users. This investment will likely lead to the development of new features and tools that simplify the game creation process, attracting a wider audience of game enthusiasts. As Hiber continues to enhance its offering, it has the potential to disrupt the traditional game development market by providing a low-barrier entry point for aspiring developers.
Building a Global Platform for User-Generated Games
With the additional funding, Hiber aims to expand its reach and become a global platform for user-generated 3D games. Currently, Hiber’s platform allows users to publish their games for web and mobile devices, making it accessible to a broad audience. However, the company has plans to develop new products that will facilitate device connectivity and enable users to connect their devices to the platform more easily.
By focusing on low-cost, low-power IoT connectivity, Hiber aims to provide a solution for industries that require device connectivity in remote areas. This expansion into IoT connectivity demonstrates Hiber’s ambition to diversify its offerings and cater to a wider range of users and industries. As the demand for IoT connectivity continues to grow, Hiber’s expansion into this market could position the company as a key player in the industry.
Investment from EQT Ventures and Other Investors
The $15 million Series A funding round was led by EQT Ventures, a Sweden-based venture capital firm. EQT Ventures has a strong track record of investing in innovative technology companies and supporting their growth. With EQT Ventures’ backing, Hiber is well-positioned to leverage the firm’s expertise and network to accelerate its expansion plans.
In addition to EQT Ventures, Hiber’s funding round included participation from new investor CMT Digital, as well as existing shareholders Luminar Ventures, Bumble Ventures, Konvoy Ventures, and SYBO. This diverse group of investors brings both financial support and industry knowledge to Hiber, further strengthening the company’s position in the gaming and technology sectors.
Hiber’s recent $15 million Series A funding round led by EQT Ventures marks a significant milestone for the Sweden-based company. With this investment, Hiber aims to enhance its no-code game creation platform, expand its user base globally, and develop new products that facilitate device connectivity. By democratizing game development and providing a low-barrier entry point for aspiring developers, Hiber has the potential to disrupt the traditional game development market. With the support of EQT Ventures and other investors, Hiber is well-positioned to achieve its ambitious goals and become a leading player in the user-generated game industry.