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Nam et Ipsa scientia potestas est
Sir Francis Bacon

THE NEXT BIG GAMES PLATFORM IS ROBOTS: REACH ROBOTICS HAS THE SOLUTION

The three big questions we at LVP face is what will be the next big platform in the game sector, when is the best time to invest in it and which team is the best one to back. VR is all the rage now but large scale content revenues are still years away. AR is interesting but still too early to see material cashflows. And then there are robots........

This was not a concept our team was considering at all. In fact, hardware on its own is not something we would have thought about a few years ago either. But after getting contacted by two separate people respected by our team about a startup based in Bristol, UK, then we decided we had better take a look. We met Silas, the CEO and Co-Founder, of Reach Robotics and were very impressed. Silas was smart, focussed, passionate and determined and his product demo was fascinating. He was building a product called MekaMon with both hardware and software platforms. By combining Augmented Reality, Games and Robots, MekaMon is a product that is basically Robots fighting each other while controlled by users with smartphones.

The Reach Robotics team

The Reach Robotics team

The team had just come back from San Diego where they were the best company (out of 10) at the  Qualcomm Robotics Accelerator. They had raised some money from Qualcomm, Techstars (which ran the accelerator),  Kima Ventures, Hardware Club and some angel investors. We had another meeting with the team and started doing some due diligence.

A few weeks later, David Gardner, one of my partners, and I were in Tokyo for meetings and were introduced to a IoT accelerator there that the owners had invested over $10 million in. It was the dream place for any hardware startup with almost every possible machine or tool that a hardware company would need. Plus we also visited Akihabara which is an area of Tokyo which is heaven for gadget geeks. Just imagine a place filled with stores selling almost every possible gadget, robot, computer, phone or other type of consumer electronics. This is it. We also met with some of Japan's largest game companies some of which also have toy or other consumer electronic businesses. The insight we took away from this trip was that Japan on its own could be a huge market for MekaMon. 

Lone Wolf MekaMon - Limited Edition

Lone Wolf MekaMon - Limited Edition

After multiple discussions with Silas and his team, we were delighted that the Reach team chose LVP to lead the seed round alongside Passion Capital, iGlobe Partners and Hardware Club. This funding round closed in early 2016. Many thanks to Soo Boon at iGlobe for the introduction to Silas. The company is hiring for a number of jobs which you can view here. The office is based in the Bristol Robotics Laboratory which is the largest robotics lab in Europe.

See below for the MekaMon launch video:

MekaMon is now available to buy now here

Radiant Entertainment: LVP's first exit in Seed Fund I

Earlier this month, we reached a new milestone in achieving our first exit from Seed Fund I (our first fund with outside investors).  Last year we made our first investment in the US, in the PC games developer Radiant Entertainment, co-investing alongside Andreessen Horowitz and General Catalyst Partners. On March 8th 2016, just 11 months later, Radiant announced its acquisition by Riot Games.

This was a contrarian investment for us. Before this deal, due to the fast growth and exceptional returns we have received in the sector, we were primarily focussed on mobile game opportunities. But the Radiant team convinced us on our feeling that PC holds increasing opportunity. We met Tom, Tony & Seth at GDC 2015, where they shared with us their vision, game demos and previous experience. Their passion for games is huge. The key point reinforced by our discussions with them was that if approached in the right way, the PC market is a category of huge opportunity, coupled with far less competition than in mobile.

Tom & Tony Cannon, Co-Founders, Radiant

Tom & Tony Cannon, Co-Founders, Radiant

The one big challenge for us was their location. Radiant is based in Los Altos, California, far away from our base in London, England, and we like to be close enough to offer deep co-operation. Ultimately we decided to proceed as we would be investing alongside great VCs and angel investors with a much more local base. And we are very happy we did: eleven months from investment to acquisition is a new record for LVP.

Big thanks to the whole Radiant team on achieving this great milestone and for validating our belief in PC games.

This deal heralds the broadening our investment strategy to all digital game platforms. Digital PC Games was the fastest growing category in January 2016 - up 33% year over year according to Superdata. And our comfort in working transatlantically is much increased - going forward we have made specific allocations to fund further deals in North America. Watch this space!

 

David Lau-Kee shares insights into game investments at Casual Connect Europe

David Lau-Kee spoke at the game investment panel at Casual Connect in Amsterdam together with Drew Boortz from Nexon America, Shum Singh of Agnitio Capital and Mark Stevens of Fenwick & West. 

The speakers shared many insights into raising money from VCs and strategic investors, including some exciting details of the Supercell's success story from David Lau-Kee. 

Key take away is that entrepreneurs should do their homework prior to approaching any investors. In particular:

  • Check if an investor is the right fit for your company's focus and growth stage. LVP is an early stage investor, so we like to engage with entrepreneurs as early as possible. We usually do not enter on post-seed stage rounds. 
  • Understand expectations of an investor about the information that should be included in your pitch. LVP's website provides tons of information about our selection process, background of the LVP partners, and priority given to the entrepreneurs introduced by people who we know well.
  • Be clear on what sets your team apart from other game companies and how you are going to find new ways to engage with your players. 
  • We do not expect you to have your product ready but we do appreciate your ability to listen and to pivot in the case of failure, because as an early stage investor we bet on people and their vision rather than specific ideas. 

Start doing your homework by enjoying the video above. ;) 

Value creation in the European Game sector is best in the world

The LVP team has been investing in game startups in Europe for many years now. Many people (especially potential LP's) have asked us over the years why games and why Europe. 

Lets talk about why games first. LVP focuses on the game sector because we understand it and we have 70+ years experience amongst the 3 partners. We know it and have relationships that cannot be disrupted. But more importantly for investors, there has been $33.8 billion of value created just in the last 3 years globally across the game sector from acquisitions or IPO's.

Now that you understand that then why Europe? Well, we live here and that is where we want to spend our time. Oh and Europe just happens to have created the most value of all the regions globally in the last 3 years. During that time, there was $16.4 billion of value created by game companies in Europe vs $13.4 billion in Asia vs $4 billion in North America. So in relative terms Europe outperformed Asia by 22% and 4x better than North America. There are 4 key deals that drove Europe's performance: King IPO, Supercell (majority acquired by Softbank), Mojang (acquired by Microsoft) and NaturalMotion (acquired by Zynga). Our team was fortunate to be investors in Supercell and NaturalMotion.

Note: Data includes all game acquisitions and IPO's with a value of $50m or more from Oct/12 to Oct/15

Our strategy of investing in the game sector in Europe is contrarian to a normal tech fund in Silicon Valley but the facts speak for themselves.  And the strategy is working as our returns have been incredible.

Fundraising tips for Founders of Game companies

Today in San Francisco, I gave the above presentation at Casual Connect to give game founders tips on how to approach fundraising in a thoughtful way. Key sections of the presentation are:

•Readiness to raise money - starting before your ready can lead to massive loss of time

•Pitch deck template - short template to use for pitching investors. always be upfront with how much you are raising and use of the proceeds

•Targeting investors - insights on how to choose which investors to target and where to find them

•Contacting investors - tips on how to approach investors

•PR - ideally generate some corporate PR on your firm in combination with your fundraising

•1st pitch meeting - practise and be fully prepared before each meeting

•Follow up - Always do this in diligent and professional way to get to answer of yes want to engage or no thanks

Good luck to those looking to raise money and i hope this is helpful.

 

SOLVING THE KEY ISSUE FOR ESPORTS GAMERS: DOJO MADNESS IS MAKING IT EASIER AND FASTER FOR HARD CORE GAMERS TO BECOME BETTER AT THEIR HOBBY

Esports is one of the fastest growing areas in the game sector and more importantly is likely the fastest growing spectator sport in the world now. Esports playing and viewing are very popular hobbies. LVP has been looking closely at esports for a while and learning more about what is happening and why. And in fact, when i specifically would find a potential interesting opportunity then i would ask Jens Hilgers, whom i have known for many years. Jens founded Turtle Entertainment in 2000 and its now the worlds largest esports company and 74% of the company was recently acquired by MTG for 78 million euros.

Earlier this year, Jens reached out and we spoke about about his new startup, DOJO MADNESS. Jens co-founded the company with Markus Fuhrmann, who co-founded Delivery Hero, which is the worlds largest network of online food ordering platforms and was recently valued at $3.1 billion after a recent funding round. The strategy for DOJO MADNESS is to use machine learning and build the best tools for esports gamers to learn and master their favorite hard core games through a combination of online and mobile products.

The DOJO MADNESS team in Berlin where they are based.

The DOJO MADNESS team in Berlin where they are based.

We spent some time with the team and realised they had the right combination of world class team & technology, warp speed execution and passion to revolutionise esports learning & playing.

We are very excited to have the opportunity to invest in the company alongside DN Capital, March Capital Partners, 500 Startups and the Hive as well as several angel investors including Kristian Segerstrale.

They have launched 2 products so far:

LOLSUMO is a personal real-time coach for League of Legends. If you play LOL then we try it on either iOS or Android.

BRUCE.GG is a platform with data-enriched video and coaching features offering sophisticated match analysis, tactical insight and advice as well as all the top scenes from each match a gamer plays. This will enable gamers to get near real-time data and feedback. Currently BRUCE.GG supports Dota2 so if that is one of your favorite games then try it. See below for a Top Plays video example:

DOJO MADNESS is also hiring. See here for current available jobs.

SUPERCELL: LVP's journey with the fast moving Supercell team

We have reached a milestone on a textbook journey that has defined our team's presence in the gaming and finance industry.  London Venture Partners made our first investment as a newly formed group in October 2010.  That investment was with the other first investors, Initial Capital, Lifeline Ventures & Jari Ovaskainen into the success known as Supercell.

Softbank have announced the purchase of our remaining shares.


We wanted to reflect on the journey and blog about it.  I've been trying to think through how to manage sharing our love and excitement for the company, our pride in achieving one of the most successful financial returns in business and staying relevant as the game industry moves through yet another transformation of itself, all without sounding arrogant or looking smarter than we are.  We were fundamentally lucky to get everything right.
I had been involved in another incredible success with the Playfish team in London.  I had just come out of 25 years with Electronic Arts and wanted to be involved in the shift from packaged goods to online.  Kristian Segerstråle was introduced to me by his Cambridge roomate Jonathan Guiness, a family friend who as a teenager tested games at EA and then went into investment management looking at the media industry.  Within minutes I knew Kristian had superpowers and I pushed to become not just an advisor but an investor.  It was that success loop which made me want to turn into a professional investor and led us to meet Supercell.


We nearly didn't invest.  We had just started the vile process of raising our own funding to build an investment warchest to back promising teams in the gaming ecosystem.  We had to stay focused, stay on target and meet hundreds of money managers to sell them our story about how the games industry could provide above average returns without uncommon risk.  We had our slide deck full of ideas, we had our database of contacts and we had our background as industry executives with real experience running game companies - but we had little money.  Meeting after meeting we were told what great backgrounds we had and if anyone could make a success of it, that would be us.  "Come back after your first close," we were told - which is private equity speak for go away until you've proven your worth.


The LVP team met Ilkka, Mikko and the handful of founders to see their production pipeline, their toolset and get to know their ideas for how to build a new company.  We learned that they had built and sold companies before and now they wanted to build games for Facebook and had an idea called Gunshine.  They had a toolset to help make development quicker and easier (we've heard that line before too) and were going to bring hard core gaming to Facebook. 

LVP meets Supercell. Apple computers on top of Hewlett-Packard boxes... typical startup!

LVP meets Supercell. Apple computers on top of Hewlett-Packard boxes... typical startup!

After we experienced hundreds of rejections raising our own fund it felt like coming home meeting Supercell.  We were actually talking about games and talent.  We brainstormed genres and launch strategies, made introductions, coached and shared opinions - we felt skilled and appreciated.  We knew we wanted to build this games fund to bridge the gap between money and the games industry.  We dipped into our own savings and made the investment against our promise to stay focused on fund raising for our own business.  We just wanted to do what we loved doing, getting involved in games.  We wanted a break from being rejected and the toil of fundraising.  Thank God we did.  Now we look smart and can say I told you so to the naysayers about European game talent, games as an investment thesis and how you can build world class global businesses from scratch, in record time that create billions in value for shareholders.


Thank you Timur, Greg & Erlend for the jetlag in Japan, being incredible learners and using the "treat man" phrase which still makes me laugh and reminds me to motivate myself and others.  Thank you Lasse for grappling with me over the art direction in Clash.  I think a few hundred million people will agree that you got it right :)


Thank you Ilkka and Mikko for your wry sense of humour, your endurance and incredible, incredible laser like focus.  Your understanding of when to say no, when to pivot, when to accelerate is like watching the best F1 drivers eat up the track as though they were born for it.  Hey, why are there so many world class Finnish race drivers and game makers?  Maybe I've just unlocked a new investment thesis...
We've enjoyed this part of the journey together and we will be cheering the whole company forward as you continue to try new things with grace, integrity and without fear.    

Levelling Up; Going from Game Startup to Unicorn

Today in Berlin, I gave the above presentation at Quo Vadis to give game game founders some insights on what are the key points to consider to increase their probability of big success. I share examples of game companies like Supercell which have achieved massive success thanks to laser focus, speed and hiring the best people in the world while keeping lean. Keep in mind, Supercell generated $1.7 billion in revenue in 2014 with only about 150 employees. That is over $11 million in revenue per employee. Small is the new big! 

Other key points, game companies need at the startup point is:

  • cash - you need enough money to fund the team until revenue generating or closing a funding round. Running out of cash is one of the top reasons startups fail so dont let it happen to you.
  • know what you dont know - it sounds obvious but most founders dont know what they dont know
  • pick your business model - choose free to play or paid and then use that decision to shape how you develop your game. There are pros and cons to both but choose.
  • benchmark to kill games - decide upfront what are the milestones the game must hit in order not to kill it at prototype, playable, alpha and beta. It takes real guts to kill a game but the opportunity costs are too big to not be prepared to do this.

Levelling the Playing Field: Shark Punch is revolutionising game discovery through democratisation

My partners and I have been investing in the game sector for several years now and the key issue for game developers is always discovery. We meet talented teams making great games but they do not know how to get their games discovered by users. Some teams realise this, but many do not (or will not) believe that it's a big issue and that they'll muddle through somehow.

In parallel, the top grossing charts for mobile on the various App Stores essentially have been frozen for over 2 years now, with relatively little movement in the top 100 grossing. And on PC & online, although more disparate and diverse, the same lack of volatility can be seen. Many people think there is some sort of secret sauce that the most successful game developers have to find new users. Here is one of the secrets: cash, and lots of it! The top game developers are extremely profitable and they use their profits as a weapon to keep others away from their chart ranking in the top grossing.

The LVP team thought there has to be a better way for new game developers to find new users, but we had not met the right team with the right strategy. Then we met the Shark Punch team. Shark Punch developed and launched a game, the Masterplan, and along the way had figured out that game discovery was not working, so they set out to make it better. Their product, Playfield, addresses the issue of discovery by combining data mining with artificial intelligence, and adds-in some video game community passion.

Playfield is a platform for players both to discover games and connect with other players and game developers, thereby becoming the crowd-curated repository for upcoming and newly launched games.

Shark Punch was founded in 2014 by a team that had worked together and experienced success before at Rocket Pack which was acquired by Disney in 2011. The founders were the key reason we decided to invest and lead their seed round. They have the humble attitude that we have seen in the team of our other Finnish investments, while also having the strong vision and dedication to winning.

The Shark Punch team has the right formula to disrupt game discovery. We expect that the Playfield platform will revolutionise discovery for both gamers and developers.

An added bonus for this deal was that the team is based in Finland and could apply for Tekes funding which leverages our investment. We are big fans of Tekes and the Finnish tech ecosystem. Every game company in the world should find some other local game companies and politicians and get on a plane to Finland to learn whats happening there. It’s a special place. Better yet go to Slush in November in Helsinki. We think it’s the best tech event in Europe. 

LVP funds innovative cloud streaming gametech company, PolyStream

In the late 80s through 90s I was leading a number of R&D projects sponsored by the great Japanese imaging & optical multinational, Canon. Every now and then, we’d stumble across a concept rather ludicrous at the outset, but which we felt - in an always-connected, always-on world in which personal and portable screens were entirely pervasive - made perfect sense. Remember, this was 15-20 years before the iPhone; analogue 1G mobile networks were the standard with 2G digital just beginning to appear; and IBM’s Simon, perhaps the world’s first smart(ish) phone, was tentatively and unsuccessfully launched. So hardly the world of ubiquitous digital visual connectivity we see around us today.

Yet through imagining the world that could exist, we were able to conceive of technologies, products and services way before they came to light. Alan Kay - my personal, all-time favourite computer scientist, inventor and philosopher, and of whom I am the world’s biggest fanboy (ask me about my, possibly apocryphal, anecdote about Alan Kay and Douglas Adams), famously said that the best way to predict the future was to invent it. And motivated by him, but in our entirely naïve and not remotely comparable way, this is what we set out to do.

In the mid-90s we invented the concept of broadcasting videogames. Ridiculous and unnecessary at the time. Even in 1999 when we filed a patent on the process (which was finally granted in 2007), it was greeted by our paymasters with a thunderous indifference. As is often the way of these things, it was all about being in the right place at the right time, and we were neither. Go Twitch, et al!

So when Adam Billyard, my co-researcher at the time, and co-author of the aforementioned patent, said he’d been thinking around 'this kind of stuff’ for the past couple of decades, and would I like to have a chat about it, I paid attention.

In January 2015, LVP backed Adam’s R&D stage startup ‘PolyStream’. PolyStream draws from a decades old fascination that both Adam and I have had in what might variously be thought of as virtual reality, shared virtual worlds, game streaming and cloud gaming. From our early days mixing with the likes of cloud gaming pioneer GCluster, through Adam’s stints as CTO & consultant at game streaming / interactive TV companies, and watching closely the rise and reinvention of OnLive and Gakai, we’ve known that the promise of cloud gaming is too great to ignore, yet the tech story not quite complete and thus the economic circle not quite squared. This is what PolyStream aims to solve.

“Invent the future”... This time, we’re a bit less naïve. This time, we’re not in a weird, left-field comp-sci lab at the far reaches of a hugely benign but largely disinterested multinational.

Personally, I love working at LVP; it’s the home I helped build and I could never conceive of leaving to join any of our portfolio companies full time. But if I ever renege on that promise, it will be with these guys… PolyStream reminds me of the time 20 years ago when I looked at a screen and watched the future.

 

Note: PolyStream is that oddest of VC-supported entities, an ultra-early, pre-revenue, pre-product vehicle. It has proof-of-concept (and some tasty IP), and is actively exploring partnerships to help it develop.

We've just announced our new game fund

Paul, David Gardner (DG) and I (DLK) have been working together as LVP for over 3 years now. We formed as a VC firm, adopted formal VC processes and operated with VC diligence. But with two slightly unusual nuances.

It's not narrow, it's focussed

First, we chose to be very tightly focussed.

Most VC funds have a relatively broad remit... it might be 'healthcare', or 'technology', or 'energy'. We choose to invest in only the video games sector, and almost entirely in the mobile, tablet, online sub sector, and only in startup and early stage companies. We don't do gambling (or anything that involves real-money out) and we don't do traditional AAA console businesses. We were convinced that by sticking to what we know, in the areas where technological disruption is bringing opportunities, and working with teams at a very early stage in their development, we would not only have a lot of fun - we get to work with the types of people we love to work with, on ideas and visions that we love to support, at a stage where we can personally and directly bring a lot of value - but we would also produce outsized returns.

Early is risky, but get it right and it's where phenomenal value is generated. But to get it right, we have to work with a laser-focus on exactly and only what we know... if we don't understand it, thoroughly, completely, we don't invest.

We don't believe this is narrow, we believe it is focus.

Practice what you preach

Second, the funds we were investing were entirely our own.

This was not as we had originally intended. We were in the long, drawn-out process of raising an 'external fund' - technically, we are what's called 'general partners' - we operate and manage the fund. But we also wanted 'limited partners' - these are the guys, often institutional, industry, sovereign, or family wealth funds, who bankroll VCs. Yes, VCs need funding too!

But guess what? Even with our backgrounds and previous business successes, no-one was uncontrollably leaping to back us. Most everyone we approached loved the message and our story & abilities, and they believed we could succeed... but not that we would succeed.  In retrospect, it's clear we were asking them to believe not in our past, but our future - we were first-time fund managers, running our first fund, in what they perceived as a fantastically exciting, but uncertain, growth sector. We were full of potential, but with little to evidence that our potential would be realised.

We pushed on anyway, as a private fund investing our own money, without external funding.

There's nothing that sharpens the mind quite as much as having your own, individual, personal savings on the line. Each time we placed a bet - because that's what it is when we choose to invest - it was not just our reputation it was also our money, our future at stake. We didn't draw a salary (we'd have been paying ourselves), we didn't reclaim expenses (other than basic, direct, out-of-pocket expenses incurred as directors if we served on a board), we didn't get bonuses, freebies, per diems, healthcare, phone bills covered, travel allowances or any other recompense or personal benefits. Every penny we spent was our own. And the discipline this has instilled is priceless.

Now, with proven focus, evidence that we believe in ourselves, proof we can execute, some fairly fabulous success and a discipline borne of necessity, we're finding that the cadre of professionals and institutions who are our potential backers are keen and willing to engage. This set of proof points is precisely what we look for in our portfolio companies... gosh, this dogfood tastes great! 

We are thrilled to be starting the next phase of our growth with investors who can bring to us the type of value-add that we endlessly strive to bring to our own portfolio companies. 

We practiced what we preached and, as we believed, it has paid off.

Boomlagoon closes $3.6M series A

The lifeblood of any VC is its deal flow, and what sets apart the leaders from the pack, the best from the average, is 'proprietary deal flow'... that is, deals only that VC can get to, or get to first, or get to on the best terms*.

Of course, as we all know, every VC is amongst the best and none of them are mediocre (or heaven forbid, below average),  so just like 'value add' - which I'll touch on in a future blog - every VC has its own, fabulous, proprietary deal flow. Our secret sauce is not so secret. We've been in the games industry for an average of 20 years - making games, marketing games, financing games, funding games companies, growing games companies, buying & selling games companies. We are privileged to have been involved in some of the biggest, most loved (and most successful) games franchises ever, and lucky enough to have worked with many of the games industry's most creative, entrepreneurial, passionate and insightful teams. No surprise then that we're pretty plugged into the scene and get to know what's happening from an investment perspective somewhat earlier than more generalist VCs (and, I'd immodestly suggest, with a somewhat more informed analysis and assessment).

In late 2012 LVP, along with legendary Finnish investor Jari Ovaskainen, led a seed round in a very exciting startup with an incredible character IP pedigree but no previous experience running their own company. Now, almost exactly 18 months down the line, Boomlagoon has transformed itself - no longer "just" developers, Boomlagoon has successfully navigated itself to become a fully-fledged character IP games business. We're thrilled to have joined them on this journey, and very happy to be participating in their $3.6M series A, along with our friends at Northzone, Inventure and 360 Capital Partners.

 

So, with this in mind how in mid-2012 did we find Boomlagoon, the startup formed by 3 ex-Rovio superstars, including the character IP creator supremo Tuomas "Angry Birds" Erikoinen? 

Extremely complex, in-depth and deeply proprietary deal flow, of course. Certainly not through just reading this article on CNN then giving Antti, Illka and Tuomas a call, no, certainly not...


*As an aside, a company called BrightSun is using fantastically sophisticated, quant-derived algorithmics to help VCs and others track and analyse oceans of imprecise data to help sift, sort and make sense of the incredibly complex and volatile startup world. [disclosure: I am a personal investor in BrightSun... they're obviously not a games related company, so they don't fit LVP's remit, but I loved their ideas so much I had to support them.]

 

Omnidrone, welcome to our portfolio!

The iPhone 3G - the first iPhone that did data properly - was officially announced at Apple’s WWDC on June 9th 2008. On July 11th, it hit US stores. It also hit stores in the UK, Germany, Finland, France and some 20 or so other countries including, significantly for Gerard Fernandez, Spain. Gerard is a Spanish games entrepreneur extraordinaire and he released his first iPhone game a year after the 3G shipped.

Gerard has been making mobile games since 2001 and established Microjocs, possibly Spain’s first mobile games developer, in 2002. And when Ilkka Paananen (now founder and CEO of tablet games powerhouse Supercell and at the time head of Digital Chocolate’s worldwide studios) went hunting for great talent, he found Gerard and Microjocs. Gerard sold Microjocs to Digital Chocolate and became head of Digital Chocolate Barcelona (now part of Ubisoft).

So in mid 2013 when we heard that Gerard might be itching for his next venture, we naturally paid attention.

What isn’t widely known is that between the mid-80s and mid-90s the Spanish software scene was going through something of a golden era. In fact, during the 8-bit days, Spain was second only to the UK in computer entertainment software production in Europe. It might seem irrelevant, but it’s this deep, rich history and the resultant spawning of a thriving demo scene that is the crucible in which many of the giants of the games industry today were forged. It's one of the patterns that helps us at LVP cut through the complexity and find the gems. And it's why we had an eye on Spain and were keen to meet with Omnidrone.

The team at Omnidrone are mid-core experts. Shaped through the hardcore demo scene, tempered by years of indie development and burnished through a global publisher studio system. If you ever want a team to go into battle with, it’s these guys. We are thrilled to be supporting them, along with our friends at Nokia Growth Partners and Kibo Ventures.