Top 31 Video Games Startups to Look Out For in [2023]

Top Startups
Top 31 Video Games Startups to Look Out For in [2023]

Have you ever wondered who is on the list of Video Games Companies with the highest growth rates?

You’re not alone.

There are hundreds of Video Games Companies found there, and keeping track of the hottest new startups can be challenging.

But don’t worry, we’ve got you covered. Here are the top 31 fast-growing Video Games Startups that have top-tier venture capital funding.

What are Video Games Startups?

Video game startups are companies that develop and publish video games. They can range from large, well-funded companies to small, independent teams. Their focus can be on creating a single game or building a library of games. 

These startups often bring new ideas and technologies to the gaming industry and can play an important role in advancing the industry.

Top 31 Fastest-Growing Startups In Video Games

1) Twitch

Twitch is a social video platform that allows gamers to stream, watch, and discuss video games.

Details of the startup:

  • Country: United States
  • City: San Francisco
  • Started in: 2007
  • Founders: Emmett Shear, Justin Kan, Kevin Lin, Kyle Vogt, Michael Seibel, Omar Javed
  • Number of employees: 5001-10000
  • Funding amount: $35,000,000
  • Number of funding rounds: 3
  • Number of investors: 9

You can find their website here.

2) Oculus

Oculus, which makes the Rift, creates virtual reality systems and technologies that allow users to experience anything with anybody.

Details of the startup:

  • Country: United States
  • City: Menlo Park
  • Started in: 2012
  • Founders: Brendan Iribe, Jack McCauley, Maxwell Planck, Michael Antonov, Mike LeBeau, Nate Mitchell, Palmer Luckey
  • Number of employees: 501-1000
  • Funding amount: $98,387,429
  • Number of funding rounds: 5
  • Number of investors: 10

You can find their website here.‍

3) Bright Star Studios

Bright Star Studios is an independent video game production firm based in the United Kingdom that specializes in next-generation MMO experiences.

Details of the startup:

  • Country: Denmark
  • City: Aarhus
  • Started in: 2018
  • Founders: Joris Huijbregts, Loren Roosendaal, Mark Laursen, Sage Durain, Sune Thorsen
  • Number of employees: 11-50
  • Funding amount: $2,700,000
  • Number of funding rounds: 2
  • Number of investors: 11

You can find their website here.

4) Riot Games

Riot Games is an online game development business based in the United States.

Details of the startup:

  • Country: United States
  • City: Los Angeles
  • Started in: 2006
  • Founders: Brandon Beck, Marc Merrill
  • Number of employees: 1001-5000
  • Funding amount: $21,000,000
  • Number of funding rounds: 5
  • Number of investors: 4

You can find their website here.

5) Krafton

Krafton is a fantasy game developer who works on both PC and mobile devices.

Details of the startup:

  • Country: South Korea
  • City: Seongnam
  • Started in: 2007
  • Founders: Chang Byung-gyu
  • Number of employees: 101-250
  • Funding amount: $574,280,722
  • Number of funding rounds: 4
  • Number of investors: 4

You can find their website here.

6) Niantic

Niantic develops augmented reality platforms for current and future AR hardware generations.

Details of the startup:

  • Country: United States
  • City: San Francisco
  • Started in: 2010
  • Founders: John Hanke, Phil Keslin
  • Number of employees: 101-250
  • Funding amount: $470,000,000
  • Number of funding rounds: 4
  • Number of investors: 20

You can find their website here.

7) Mythical Games

Mythical Games is a video game engine that allows players to build their own economies.

Details of the startup:

  • Country: United States
  • City: Los Angeles
  • Started in: 2018
  • Founders: Cameron Thacker, Chris Downs, Jamie Jackson, John Linden, Rudy Koch
  • Number of employees: 51-100
  • Funding amount: $110,000,000
  • Number of funding rounds: 4
  • Number of investors: 15

You can find their website here.

8) Supercell

Supercell is a firm that creates video games for tablets and smartphones.

Details of the startup:

  • Country: Finland
  • City: Helsinki
  • Started in: 2010
  • Founders: Ilkka Paananen, Lassi Leppinen, Mikko Kodisoja, Niko Derome, Petri Styrman, Visa Forsten
  • Number of employees: 251-500
  • Funding amount: $143,032,267
  • Number of funding rounds: 3
  • Number of investors: 10

You can find their website here.

9) Enjin

Enjin® is the largest social gaming website platform that uses Blockchain Technology to provide genuine ownership of digital items.

Details of the startup:

  • Country: Singapore
  • City: Singapore
  • Started in: 2009
  • Founders: Maxim Blagov, Witek Radomski
  • Number of employees: 11-50
  • Funding amount: $41,900,000
  • Number of funding rounds: 3
  • Number of investors: 11

You can find their website here.

10) ULTRA

The blockchain revolution is coming to the game industry because to Ultra.

Details of the startup:

  • Country: France
  • City: Paris
  • Started in: 2017
  • Founders: David Hanson, Nicolas Gilot
  • Number of employees: 11-50
  • Funding amount: $5,000,000
  • Number of funding rounds: 1
  • Number of investors: 1

You can find their website here.

11) Scopely

Scopely is a global pioneer in mobile games and interactive entertainment.

Details of the startup:

  • Country: United States
  • City: Culver City
  • Started in: 2011
  • Founders: Ankur Bulsara, Eric Futoran, Eytan Elbaz, Walter Driver
  • Number of employees: 1001-5000
  • Funding amount: $998,500,000
  • Number of funding rounds: 7
  • Number of investors: 68

You can find their website here.

12) Axie Infinity

Axie Infinity is a game in which players acquire, raise, and battle fantasy creatures known as Axies.

Details of the startup:

  • Country: Vietnam
  • City: Ho Chi Minh City
  • Started in: 2018
  • Number of employees: 11-50
  • Funding amount: $9,000,000
  • Number of funding rounds: 3
  • Number of investors: 10

You can find their website here.

13) Rainway

Rainway is a web-based game streaming platform that allows players to play their favorite PC games on a variety of devices, allowing them to play whenever and wherever they choose.

Details of the startup:

  • Country: United States
  • City: Seattle
  • Started in: 2017
  • Founders: Andrew Sampson, Evan Banyash
  • Number of employees: 11-50
  • Funding amount: $5,145,000
  • Number of funding rounds: 3
  • Number of investors: 3

You can find their website here.

14) Epic Games

Epic Games is a video game and software firm based in the United States that develops games and licenses its game engine technology to other developers.

Details of the startup:

  • Country: United States
  • City: Cary
  • Started in: 1991
  • Founders: Mark Rein, Tim Sweeney
  • Number of employees: 1001-5000
  • Funding amount: $5,110,000,000
  • Number of funding rounds: 9
  • Number of investors: 34

You can find their website here.

15) Bungie

From a spooky one-bedroom apartment with two males to a fully-loaded game studio with free food, there’s something for everyone.

Details of the startup:

  • Country: United States
  • City: Bellevue
  • Started in: 1991
  • Founders: Alexander Seropian, Jason Jones
  • Number of employees: 501-1000
  • Funding amount: $100,000,000
  • Number of funding rounds: 1
  • Number of investors: 1

You can find their website here.

16) Wildlife Studios

Wildlife Studios is a mobile game development and publishing firm.

Details of the startup:

  • Country: Brazil
  • City: Sao Paulo
  • Started in: 2011
  • Founders: Arthur Lazarte, Michael Mac-Vicar, Victor Lazarte
  • Number of employees: 501-1000
  • Funding amount: $180,000,000
  • Number of funding rounds: 2
  • Number of investors: 13

You can find their website here.

17) PortalOne

PortalOne is a gaming firm that creates live game experiences that feature spectacular visuals and cutting-edge interactivity.

Details of the startup:

  • Country: Norway
  • City: Oslo
  • Started in: 2018
  • Founders: Bård Anders Kasin, Stig Olav Kasin
  • Number of employees: 11-50
  • Funding amount: $15,500,000
  • Number of funding rounds: 4
  • Number of investors: 20

You can find their website here.

18) CEEK

CEEK is a smartphone VR app that allows users to connect with bands in a virtual reality environment.

Details of the startup:

  • Country: United States
  • City: Miami Beach
  • Started in: 2015
  • Founders: Mary Spio
  • Number of employees: 11-50
  • Funding amount: $7,247,500
  • Number of funding rounds: 3
  • Number of investors: 1

You can find their website here.

19) FRVR

FRVR is a software business that creates tablet and smartphone games.

Details of the startup:

  • Country: Malta
  • City: Saint Paul’s Bay
  • Started in: 2014
  • Founders: Brian Meidell, Chris Benjaminsen
  • Number of employees: 11-50
  • Funding amount: $5,600,000
  • Number of funding rounds: 2
  • Number of investors: 5

You can find their website here.

20) G2 Esports

G2 Esports is a world-class esports organization that represents some of the greatest players on the planet.

Details of the startup:

  • Country: Germany
  • City: Berlin
  • Started in: 2013
  • Founders: Carlos Rodríguez, Jens Hilgers
  • Number of employees: 51-100
  • Funding amount: $27,300,000
  • Number of funding rounds: 3
  • Number of investors: 13

You can find their website here.

21) Sky Mavis

Blockchain Technology Simplified – We use fun and practical applications to introduce the benefits of blockchain to everyone.

Details of the startup:

  • Country: Vietnam
  • City: Ho Chi Minh City
  • Started in: 2019
  • Founders: Aleksander Leonard Larsen, Jeffrey Zirlin, Trung Nguyen
  • Number of employees: 11-50
  • Funding amount: $9,000,000
  • Number of funding rounds: 2
  • Number of investors: 16

You can find their website here.

22) Social Point

Social Point is a social game developer that creates games for social networks and mobile devices.

Details of the startup:

  • Country: Spain
  • City: Barcelona
  • Started in: 2008
  • Founders: Andres Bou, Horacio Martos, Marc Canaleta
  • Number of employees: 251-500
  • Funding amount: $44,711,476
  • Number of funding rounds: 5
  • Number of investors: 6

You can find their website here.

23) Moonfrog Labs

Moonfrog Labs is a small gaming studio that specializes on board and social card games.

Details of the startup:

  • Country: India
  • City: Bengaluru
  • Started in: 2013
  • Founders: Dimpalkumar Maisuriya, Kumar Puspesh, Oliver Jones, Oliver Jones, Tanay Tayal
  • Number of employees: 101-250
  • Funding amount: $16,000,000
  • Number of funding rounds: 2
  • Number of investors: 2

You can find their website here.

24) Surrogate.tv

Surrogate.tv is a third-party platform for creating physical encounters in real life.

Details of the startup:

  • Country: Finland
  • City: Espoo
  • Started in: 2018
  • Founders: Esko Vähämäki, Severi Tikkala, Shane Henrik Allen, Stanislav Dmitriev
  • Number of employees: 11-50
  • Funding amount: $4,509,000
  • Number of funding rounds: 4
  • Number of investors: 6

You can find their website here.

25) CCP Games

CCP Games is a privately held company that creates massively multiplayer online (MMO) games.

Details of the startup:

  • Country: Iceland
  • City: Reykjavík
  • Started in: 1997
  • Founders: Reynir Hardarson, Sigurdur Arnljotsson
  • Number of employees: 251-500
  • Funding amount: $66,300,000
  • Number of funding rounds: 3
  • Number of investors: 3

You can find their website here.

26) Challengermode

Esports infrastructure that is easily accessible to players, organizers, and game developers

Details of the startup:

  • Country: Sweden
  • City: Stockholm
  • Started in: 2014
  • Founders: Philip Skogsberg, Robel Efrem
  • Number of employees: 11-50
  • Funding amount: $17,962,287
  • Number of funding rounds: 5
  • Number of investors: 16

You can find their website here.

27) GamingMonk

GamingMonk is a gaming firm situated in New Delhi, India that specializes in eSports.

Details of the startup:

  • Country: India
  • City: New Delhi
  • Started in: 2014
  • Founders: Abhay Sharma, Ashwin Haryani
  • Number of employees: 11-50
  • Funding amount: $695,481
  • Number of funding rounds: 3
  • Number of investors: 6

You can find their website here.

28) Rivergame

Rivergame is an online game developer based in China.

Details of the startup:

  • Country: China
  • City: Beijing
  • Started in: 2018
  • Number of employees: 1-10
  • Funding amount: CN¥3,000,000
  • Number of funding rounds: 1
  • Number of investors: 1

You can find their website here.

29) Moonton

Moonton is a Chinese video game developer and publisher best known for Mobile Legends: Bang Bang, an online fighting arena game.

Details of the startup:

  • Country: China
  • City: Minhang
  • Started in: 2014
  • Founders: Justin Yuan
  • Number of employees: 501-1000
  • Funding amount: CN¥3,000,000
  • Number of funding rounds: 1
  • Number of investors: 1

You can find their website here.

30) Line Games

Line Games is a division of Line Corporation dedicated to the game industry.

Details of the startup:

  • Country: South Korea
  • City: Seocho
  • Started in: 2017
  • Number of employees: 251-500
  • Funding amount: ₩125,000,000,000
  • Number of funding rounds: 1
  • Number of investors: 1

You can find their website here.

31) Small Giant Games

Small Giant Games is a Helsinki, Finland-based indie game development studio.

Details of the startup:

  • Country: Finland
  • City: Helsinki
  • Started in: 2013
  • Founders: Markus Halttunen, Timo Soininen
  • Number of employees: 11-50
  • Funding amount: $50,562,955
  • Number of funding rounds: 4
  • Number of investors: 7

You can find their website here.

FAQs

Is Video Games Business Profitable?

Yes, video game businesses can be highly profitable. Video game companies often generate significant revenue from the sale of video game software and consoles as well as from in-game microtransactions and downloadable content. 

Additionally, some video game companies have developed successful business models through subscriptions, advertising, and other forms of monetization.

What Is The Average Investment In Video Games?

The average investment for video game startups can vary widely depending on the size and scope of the project. In general, video game startups typically require anywhere from $500,000 to over $10 million in early stage funding. 

Some larger projects may even require up to $20 million or more in investments. It is important to remember that game development is a risky investment and can require significant amounts of capital to succeed.

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