About Behold Ventures
Behold Ventures is a venture capital firm founded in 2021. It is primarily based out of Stockholm, Sweden. As of Feb 2025, Behold Ventures has invested in 16 companies. It primarily invests in Seed round in Iceland based startups. Its investments are spread across a wide range of sectors from Gaming to Enterprise Applications and Mobile. Most recently it participated in the $***** Seed round of Seven Stars A lot of funds co-invest with Behold Ventures, with names like Lifelike Capital sharing a substantial percentage of its portfolio. Behold Ventures has team of 10 people including 6 partners.Key Metrics
Team Members
Portfolio Count
Portfolio Sectors
Rounds of Entry
Seed
Behold Ventures' List of Top Investments
Behold Ventures has a portfolio of 16 companies. Their most notable investments are in Lurkit and Porcelain Fortress.Their portfolio spans across Sweden, Iceland, United Kingdom and 2 more locations. They have invested in Gaming, Enterprise Applications, Mobile and 2 other sectors, across stages such as Seed stage. Here is the list of top investments by Behold Ventures:
1. Lurkit
Provider of a platform that facilitates data-driven collaborations between content creators, game developers, and publishers. It connect content creators with game publishers through key campaigns, paid sponsorships, and creator programs.
Key facts about Lurkit
- Founded Year: 2015
- Location: Linkoping (Sweden)
- Stage: Seed
- Total Funding till date: $3.38M
- Employee Count: 39 as on Aug 31, 2026
- Investors: Almi Invest, Yobi Partners and 4 Others
- Latest Funding Round: Seed, Jun 09, 2022, $*****
- Highlight: Editors' Pick
Game development studio creating multiplayer games. The company is creating the most novel and engaging multiplayer experiences in games. It focus on creating games with "infinite engagement".
Key facts about Red Rover Interactive
- Founded Year: 2023
- Location: Newcastle Upon Tyne (United Kingdom)
- Stage: Series A
- Total Funding till date: $20M
- Employee Count: 53 as on Aug 31, 2026
- Investors: Acequia Capital, Krafton and 9 Others
- Latest Funding Round: Series A, Apr 16, 2024, $*****
- Highlight: Editors' Pick
3. Seven Stars
Developer of captivating mobile games. This company creates engaging mobile games for players. They are developing a robust backend system to enhance user management and security, ensuring a seamless and secure gameplay experience. The system also supports efficient game maintenance and monetization feature development to drive commercial growth.
Key facts about Seven Stars
- Founded Year: 2022
- Location: Kajaani (Finland)
- Stage: Seed
- Employee Count: 22 as on Aug 31, 2026
- Investors: Sisu, Spintop Ventures and 4 Others
- Latest Funding Round: Seed, Feb 25, 2025, $*****
Developer of role-playing games designed for remote teams. It focuses on creating RPG experiences that evoke the feeling of collaborative storytelling around a campfire. The company develops these games remotely, reflecting a commitment to flexible work arrangements. They are currently seeking additional team members.
Key facts about Wayfinder Games
- Founded Year: 2021
- Location: Umea (Sweden)
- Stage: Seed
- Total Funding till date: $4.66M
- Employee Count: 13 as on Aug 31, 2026
- Investors: Makers Fund, Dreamhaven and 1 Other
- Latest Funding Round: Seed, Jan 16, 2023, $*****
- Highlight: Editors' Pick
5. Oddiko
Game development studio. It has developed a game called, Beer and Plunder, Meadgard, and many more. It develops various genre of games such as action, adventure, casual, indie, simulation. It develops games for PC and consoles and is made available on the steam platform.
Key facts about Oddiko
- Founded Year: 2022
- Location: Gothenburg (Sweden)
- Stage: Seed
- Total Funding till date: $570K
- Employee Count: 9 as on Aug 31, 2026
- Investors: Behold Ventures and Windmill Game Invest
- Latest Funding Round: Seed, Jun 14, 2024, $*****
Behold Ventures' Year-on-Year Investment Trends
Behold Ventures has invested in 16 companies over the last 4 years, with an average of 1 new investment annually in the last 3 years. In 2025, it made 2 investments. Its most recent first time investment was in Seven Stars and most recent follow-on round was in Red Rover Interactive.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 0 | 0 | 0 |
2025 | 2 | 0 | 2 |
2024 | 2 | 1 | 3 |
2023 | 3 | 0 | 3 |
2022 | 3 | 0 | 3 |
Behold Ventures' Investments by Stage
Behold Ventures has made 10 investments in Seed stage with an average round size of $2.62M.Behold Ventures' Investments by Sector
Behold Ventures has a diverse portfolio, with companies operating in the Gaming, Enterprise Applications, Mobile, EdTech and Media & Entertainment. Notably, it has invested in 12 Tech companies, 8 Consumer (B2C) companies, 4 Enterprise (B2B) companies and 3 companies focusing on Software.Sector | No. of Investments |
|---|---|
Gaming | 8 |
Enterprise Applications | 3 |
Mobile | 2 |
EdTech | 1 |
Media & Entertainment | 1 |
Note: We have considered here, only first round of investments
Behold Ventures' Investments by Geography
Behold Ventures has made most investments in Iceland (3), followed by Sweden where it has made 3 investments.Country | No. of Investments |
|---|---|
Iceland | 3 |
Sweden | 3 |
United Kingdom | 2 |
Finland | 1 |
Note: We have considered here, only first round of investments
Behold Ventures' recent investments
Behold Ventures has not made any investment in 2026 so far.Here are the most recent investments by Behold Ventures:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Feb 25, 2025 | Finland | Seed | 8958 | [+4] | |
Feb 11, 2025 | - | Seed | 4277 | [+7] | |
Sep 24, 2024 | Iceland | Seed | 8840 | [+1] | |
Jun 14, 2024 | Sweden | Seed | 7493 | ||
Apr 16, 2024 | United Kingdom | Series A | 9594 | [+6] |
Team profile of Behold Ventures
Behold Ventures has a team of 10 members including 6 Partners and 2 Principals located in Sweden, Iceland and 2 more locations. Behold Ventures' team sits on the board of 1 company.Here is a list of all team members in Behold Ventures:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | Sweden | - | - | |
Partner | Sweden | - | ||
Partner | Reykjavik | - | ||
Partner | Berlin | - | - | |
Partner | Stockholm | - | - | |
Partner | Reykjavik | - | - | |
Principal | Denmark | - | ||
Principal | Stockholm | - | - |
Co-investors of Behold Ventures
Over the past 4 years, 30 investors have co-invested in Behold Ventures's portfolio companies. This includes funds and angels.
- Invested before Behold Ventures: Karl Magnus Troedsson, Almi Invest and 1 other have invested in rounds before Behold Ventures. There is 1 company where Karl Magnus Troedsson has invested before Behold Ventures and 1 company where Almi Invest has invested before Behold Ventures.
- Top Co-investors of Behold Ventures: 24 investors entered a company along with Behold Ventures. These include investors like Lifelike Capital (2 companies).
- Invested after Behold Ventures: A total of 3 investors have invested in Behold Ventures's portfolio after their investments. Top Investors include Krafton (1 company), TIRTA (1 company) and Overwolf (1 company).
Recent News related to Behold Ventures
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Ali Farha Joins Nordic Games Investor Behold Ventures as an AssociatePocket Gamer•Dec 02, 2025•Behold Ventures
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Behold Ventures raises $59.2m to back European game developersGamesIndustry•Jul 01, 2025•Behold Ventures
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European Investment Fund pledges $20m to bolster Nordic game developmentGamesIndustry•Mar 06, 2025•European Investment Fund, Behold Ventures
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Seven Stars secures seed round, co-led by Spintop Ventures and Behold VenturesMobidictum•Feb 26, 2025•Seven Stars, Spintop Ventures, Behold Ventures, SISU Aesthetic Clinic and 8 others
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Finnish startup Seven Stars secures seed round to build “next-gen" puzzle gamesPocket Gamer•Feb 25, 2025•Seven Stars, Spintop Ventures, Behold Ventures, Sisu and 1 other
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Dead Astronauts secures €4M in oversubscribed seed roundMobidictum•Feb 11, 2025•Deadastronauts Games, Behold Ventures, Massive, Ubisoft and 1 other
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Dead Astronauts raises over $4M in seed round to develop its first gameVentureBeat•Feb 11, 2025•Deadastronauts Games, Behold Ventures, Lifelike Capital, 1Up Ventures and 1 other
