Believer, a Startup by Ex-Riot Executives, Raises $55 Million in Funding for Open-World Gaming IPs

Believer, a Startup by Ex-Riot Executives, Raises $55 Million in Funding for Open-World Gaming IPs

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Believer, a startup founded by ex-Riot executives, Michael Chow and Steven Snow, has raised $55 million in funding from investors such as Lightspeed Venture Partners and Andreessen Horowitz.

The company’s goal is to create original IP and stories in the open-world gaming genre that emphasize the importance of player choice. They also plan to focus on bringing multiplayer gaming experiences to larger audiences with fewer barriers to entry, including developing for various platforms.

Believer sees itself as a studio and will use the funding to hire top talent to work on their ambitious plans. The startup plans to pursue an entertainment focus and build new technologies where no existing technology supports the company’s goals. Ultimately, Believer aims to create great IPs that extend across multiple platforms, including video games, film, television, collectables, and real-world interactive experiences.