Business News Report
March 08, 2023

Andrew Chen and Robin Guo of a16z Invest $55M in the Open-World Game Studio Believer

Andrew Chen and Robin Guo of a16z Invest $55M in the Open-World Game Studio Believer

On March 7, Andrew Chen and Robin Guo of a16z’s Games Fund One shared that they invested $55 million in the Series A round of Believer. Among the other investors in the round are Lightspeed Venture Partners, Riot Games, BITKRAFT Ventures, 1Up Ventures, Upfront Ventures, and Next Play Ventures. 

Believer is a Los Angeles-headquartered game studio that has previously developed Words With Friends, League of Legends, Destiny, PvZ, and other well-known games. 

The company is managed by Michael Chow, former Executive Producer of Wild Rift and co-founder Newtoy, and Steven Snow, who co-founded Riot and was the EP of League of Legends. The executives are joined by Shankar Gupta-Harrison of Dentsu X, Landon McDowell of Microsoft, Jeremy Vanhooser of Electronic Arts, and Tim Hsu of Twitter. The Believer Company has also assembled a team of investors and advisors, among whom are the CTO of Microsoft, Kevin Scott, and the former CEO of McDonald’s, Don Thompson.

According to Andrew Chen and Robin Guo, the team behind The Believer Company has all the resources to develop a new product that will define the genre of Player vs. Environment games. 

“The Believer team is one of the best-equipped to tackle this grand vision, as they’re one of the few teams with the ambition, skills, capital, and unflinching player focus to innovate in this genre,”

wrote Chen in a LinkedIn post

The investors also noted that the market expects new open-world Player vs. Environment (PvE) games with a focus on exploration, collection, and collaboration. For instance, according to Andrew Chen’s observations, users like exploring and inhabiting new worlds. So, this type of product can potentially lead to business success and cultural impact. 

Read related posts:

Disclaimer

In line with the Trust Project guidelines, please note that the information provided on this page is not intended to be and should not be interpreted as legal, tax, investment, financial, or any other form of advice. It is important to only invest what you can afford to lose and to seek independent financial advice if you have any doubts. For further information, we suggest referring to the terms and conditions as well as the help and support pages provided by the issuer or advertiser. MetaversePost is committed to accurate, unbiased reporting, but market conditions are subject to change without notice.

About The Author

Valeria is a reporter for Metaverse Post. She focuses on fundraises, AI, metaverse, digital fashion, NFTs, and everything web3-related. Valeria has a Master’s degree in Public Communications and is getting her second Major in International Business Management. She dedicates her free time to photography and fashion styling. At the age of 13, Valeria created her first fashion-focused blog, which developed her passion for journalism and style. She is based in northern Italy and often works remotely from different European cities. You can contact her at [email protected]

More articles
Valeria Goncharenko
Valeria Goncharenko

Valeria is a reporter for Metaverse Post. She focuses on fundraises, AI, metaverse, digital fashion, NFTs, and everything web3-related. Valeria has a Master’s degree in Public Communications and is getting her second Major in International Business Management. She dedicates her free time to photography and fashion styling. At the age of 13, Valeria created her first fashion-focused blog, which developed her passion for journalism and style. She is based in northern Italy and often works remotely from different European cities. You can contact her at [email protected]

Hot Stories

Top 10 Crypto Games to Invest in 2024

by Gregory Pudovsky
February 27, 2024
Join Our Newsletter.
Latest News

Top 10 Crypto Games to Invest in 2024

by Gregory Pudovsky
February 27, 2024

NFTs & Mining: A Digital Synergy

The rise in usage of the non-fungible tokens has changed the way we see and engage with ...

Know More

AI in Crypto

Explore the ever-evolving realm of artificial intelligence within the cryptocurrency sphere. Discover the transformative impact of AI ...

Know More
Join Our Innovative Tech Community
Read More
Read more
Bitcoin Bulls Set Sights on $60K Milestone After Driving Price Rally to $57K in Monday Surge
Markets News Report
Bitcoin Bulls Set Sights on $60K Milestone After Driving Price Rally to $57K in Monday Surge
February 27, 2024
Fluence Launches FLT Token on Ethereum Mainnet Alongside Cloudless Computing Platform
Markets News Report
Fluence Launches FLT Token on Ethereum Mainnet Alongside Cloudless Computing Platform
February 27, 2024
Anonymous Dogwifhat (WIF) Trader Bags $1.4M Profit Investing $310 as the Memecoin Surges 50%
Markets News Report
Anonymous Dogwifhat (WIF) Trader Bags $1.4M Profit Investing $310 as the Memecoin Surges 50%
February 27, 2024
HTX Re-Applies for Hong Kong Virtual Asset Trading License Days After Withdrawal
Markets News Report
HTX Re-Applies for Hong Kong Virtual Asset Trading License Days After Withdrawal
February 27, 2024
What You
Need to Know

Subscribe To Our Newsletter.
Daily search marketing tidbits for savvy pros.