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 secured $15 million in Series A funding. The funding round was led by EQT Ventures, a Swedish venture capital firm, with participation from new investor CMT Digital and existing shareholders Luminar Ventures, Bumble Ventures, Konvoy Ventures, and SYBO . This latest investment brings Hiber’s total funding to approximately $20 million . Hiber’s platform enables users to publish user-generated games on the web and mobile devices, providing a unique opportunity for game creators to showcase their talent and reach a wide audience .
Expanding the No-Code Game Creation Market
Hiber’s no-code service has gained significant attention in the gaming industry due to its simplicity and accessibility. By removing the need for complex coding knowledge, Hiber empowers individuals with limited technical skills to create their own games using mobile phones . This democratization of game development opens up opportunities for aspiring game creators who may not have the resources or expertise to code games from scratch.
The $15 million funding will enable Hiber to further enhance its platform and expand its user base. With the additional resources, Hiber plans to develop new products that will simplify the process of connecting devices to its platform, making it easier for customers to integrate their devices into the Hiber ecosystem . This expansion into low-cost, low-power IoT connectivity aligns with Hiber’s vision of providing solutions for industries that require device connectivity in remote areas .
Driving Innovation in User-Generated Games
Hiber’s platform not only empowers users to create games but also provides a space for them to publish and share their creations with a global audience. The no-code service allows game creators to unleash their creativity and showcase their talent without the need for extensive technical knowledge .
The $15 million investment will enable Hiber to enhance its platform’s features and capabilities, providing users with more tools and options to create unique and engaging games. This funding will also support Hiber’s efforts to improve the discoverability of user-generated games, ensuring that talented creators receive the recognition they deserve .
Building on Success and Future Prospects
Hiber’s latest funding round, led by EQT Ventures, demonstrates the confidence investors have in the company’s potential for growth and success. With a total funding of approximately $20 million, Hiber is well-positioned to expand its reach and solidify its position in the no-code game creation market .
The additional resources will enable Hiber to invest in research and development, further improving its platform’s capabilities and expanding its user base. Hiber’s commitment to innovation and user satisfaction will likely attract more game creators to its platform, fostering a vibrant community of talented individuals .
In conclusion, Hiber’s recent $15 million Series A funding round led by EQT Ventures marks a significant milestone for the Sweden-based no-code game creation service. The investment will allow Hiber to enhance its platform, expand its user base, and drive innovation in user-generated games. With a total funding of approximately $20 million, Hiber is well-positioned to capitalize on the growing demand for accessible game development tools and establish itself as a key player in the industry .