European Investment Fund Commits $20 Million to Strengthen Nordic Gaming Landscape
“This assistance is a transformative move for Nordic game creation,” states Gape Ventures
The European Investment Fund (EIF) has committed $21 million to enhance game development in Denmark, Finland, Iceland, Norway, and Sweden.
The resources—allocated to Swedish company Gape Ventures—will be utilized to support emerging game developers throughout the Nordic region.
The gaming sector within the EU generated $25 billion in revenue in 2022 and is “expanding more rapidly than numerous other sectors.”
Employing over 75,000 individuals in 5,000 game development and publishing studios across the EU, the EIF noted that this funding is crucial to “address financing gaps to sustain global competitiveness.”
Gape Ventures was established in 2021. Following the fund’s first closing in November 2022, it has invested nearly $15 million in 18 game studios located in Denmark, Finland, Iceland, Sweden, and the UK.
“We’re excited to