Nordic Game Ventures

What Nordic Game Ventures does

Nordic Game Ventures is a regulated venture capital firm focused exclusively on the Nordic games industry, operating through two entities — Nordic Game Fund Management Oy (Helsinki, Finland, AIFM-marketed March 2019 under EU Directive 2011/61/EU) and Nordic Game Ventures i Malmö AB (Sweden, AIFM- and EuVECA-registered July 2019 under EU Regulation 345/2013). The firm raises capital from institutional investors and deploys it as seed and early-stage equity into Nordic game companies, games technology, and applied games (gamification in digital health, education, training, and VR). The firm currently manages NGV I, a single fund with 11 disclosed portfolio investments spanning 2020-2022 across Finland and Sweden.

The firm has no proprietary software product or technology platform; its core offering is fund management. Revenue is generated through standard VC mechanics — management fees on committed capital and carried interest on successful exits — with the only disclosed realization to date being the sale of Rehaboo Oy to EvokAI in Q2 2023; three portfolio companies (Akribian, StageZero, Supremacy Games) have gone bankrupt between 2022 and 2024. Distribution is direct enterprise outreach: institutional investor inquiries route via [email protected], and company pitches via [email protected]. The firm operates with 1-10 employees and is led by co-founders Timo Ylikangas (General Partner) and Erik Robertson (Managing Partner), supported by a 20+ member advisory network of Nordic games industry veterans across all five Nordic countries.

The competitive position rests on three structural advantages: dual-jurisdiction AIFM/EuVECA regulatory permission (which the firm claims no other Nordic-games specialist holds), 50 years of combined founder games-industry experience, and a Nordic-wide advisor network. The stated differentiator is being the only vehicle enabling institutional investors to take focused early-to-growth-stage strategic Nordic games allocation through mandates. Reporting is Invest Europe code-compliant.

Name

Nordic Game Ventures

Legal name

Nordic Game Fund Management Oy / Nordic Game Ventures i Malmö AB

Website

https://nordicgameventures.com

Company type

Private

Founded year

2019

Operating status

Operating

Headcount range

1–10 employees

Short description

Nordic Game Ventures is a regulated Nordic-focused venture capital firm that manages NGV I, making seed and early-stage equity investments in games, games-tech, and applied games companies across Finland and Sweden for institutional investors.

Ownership category

akta.pro rank

Product category

Venture Capital Fund Management

NAICS

All Other Financial Investment Activities (52399), Other Investment Pools and Funds (5259), Portfolio Management and Investment Advice (523940)

SIC

Investment Advice (6282), Investors, Nec (6799)

akta.pro primary industry

Media, Entertainment & Gaming Growth Equity (FSANACAI)

Keywords

• Venture capital investments
• Game industry funding
• Early stage investing
• Fund management services
• Nordic games sector

Headquarters

HQ city

Malmö

HQ country

Sweden

HQ region

Europe

Offices3 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. Fund Management: Generates revenue through management fees on committed capital and carried interest (performance fees) from successful portfolio company exits. Revenue tied to fund performance and deployment timeline.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels3 records

Core offering

Nordic Game Ventures is a venture capital firm that manages the NGV I Fund, providing seed and early to growth stage equity investments into Nordic game companies, games technology, and applied games ventures. The firm serves institutional investors seeking focused Nordic games industry allocation and supplies capital, strategic guidance, and games industry expertise to portfolio companies across all five Nordic countries.

Product overview

Nordic Game Ventures operates as a venture capital fund management company rather than a traditional product company. The firm manages the NGV I Fund, which provides equity investments to Nordic game companies, games technology companies, and applied games ventures. The fund follows an investment thesis focused on games expertise as a must-have requirement alongside early-stage investing experience. Nordic Game Ventures does not offer a unified software platform or module architecture; instead, it provides fund management and investment services to portfolio companies including Localize Direct AB, Wanderword i Sverige AB, Quicksave Interactive Oy, Rehaboo Oy, Gridly AB, Bonus Stage Oy, Undone Games AB, and Psyon Games Oy.

Differentiator

Problem solved

Functional benefit

Products and services

• NGV I Fund Nordic Game Ventures Fund I is the firm's primary venture capital fund providing seed and early to growth stage equity investments into Nordic game companies, games technology, and applied games ventures. The fund serves institutional investors seeking focused Nordic games industry allocation and supplies capital, strategic guidance, and games industry expertise to portfolio companies across Finland, Sweden, Norway, Denmark, and Iceland.

Named customers11 records

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Four partnerships are on record, tiered core.

• Pääomasijoittajat (Finnish Venture Capital Association)coreStrategic or Co-development PartnerFull code compliant member of the Finnish Venture Capital Association, demonstrating adherence to industry standards, best practices, and governance codes.
• SVCA (Swedish Private Equity & Venture Capital Association)coreStrategic or Co-development PartnerFull code compliant member of the Swedish Private Equity & Venture Capital Association, demonstrating adherence to industry standards, best practices, and governance codes.
• Financial Supervisory Authority in FinlandcoreStrategic or Co-development PartnerNordic Game Fund Management Oy received marketing permission by the Financial Supervisory Authority in Finland in March 2019 under EU AIFM Directive 2011/61/EU. Subject to ongoing regulatory oversight.
• Financial Supervisory Authority in SwedencoreStrategic or Co-development PartnerNordic Game Ventures AB registered by the Financial Supervisory Authority in Sweden in July 2019 as an AIFM with EuVECA marketing permission under EU Regulation 345/2013. Subject to ongoing regulatory oversight.

Scale indicators4 records

Recent moves6 records

Expansion highlights5 records

Market position

Competitive moat4 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/nordic-game-ventures

Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments1 record

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Nordic Game Ventures