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[1]. This brings the total amount raised by Hiber to $20 million[1]. The company aims to help users publish their own user-generated games for web and mobile devices[2]. With this latest funding, Hiber plans to further develop its platform and expand its reach to new users globally[5]. 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[1]. 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[5].
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[5]. 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[4]. 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[4].
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[5]. 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[4].
By focusing on low-cost, low-power IoT connectivity, Hiber aims to provide a solution for industries that require device connectivity in remote areas[4]. 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[4].
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[1]. 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[1].
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[3]. 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.
Conclusion
Hiber’s recent $15 million Series A funding round led by EQT Ventures marks a significant milestone for the Sweden-based company[1]. 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[5]. 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[2]. 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.
