London Venture Partners who have previously invested in companies such as Supercell, Playfish and Unity, is bringing new third party backers in to create an early-stage seed fund focusing on Europe and the Nordics.
In an interview with Techcrunch, LVP general partner Paul Heydon told that the new fund – backed by Nexon, Zynga CEO, and Wargaming – plans to make 20 to 25 investments of up to half a million dollars each throughout the lifetime of the fund.
While the aim of the fund is all of Europe, the Nordic area is of special interest, according to Paul Heydon. “Going forward [with the new fund], we think the Nordic area there’s a huge amount of things happening there,” he said. And added that: “We think the Nordic area in particular there’s just an amazing amount of talent“.
Getting a piece of the funding-pie, however, depends not so much on whether you live in the Nordics or not, but rather what team you’re part of. “It’s really a bet on the team. Do they have the right creative vision. Do they have the right ability to execute. Do they have the ability to attract great people to come work for them?,” said Paul Heydon, pointing to the passion about making games as one of the core values.
“It’s passion about making games. Vision to make potentially great games. And ideally the founders have worked together in another form or fashion before. If you’ve got those things, you’ve got the basics of something potentially great… You have to be making games that have the potential to be appealing to millions and millions of users in order to have the potential to build something big.”