Startup profile · funding coverage
Believer
Game studio building a next-gen open-world multiplayer IP from former Riot executives.
Stage
series a
Status
private
Coverage
full
Why Believer is interesting
Michael Chow and Steven Snow led Wild Rift and League teams at Riot; long-horizon bet on cooperative PvE systems rather than extraction-meta churn.
Key facts
- Series A (Mar 2023): $55M led by Lightspeed with a16z participation (TechCrunch)
- Founders: Michael Chow and Steven Snow — former Riot Games executives (League, Wild Rift)
- Thesis: cooperative PvE open-world IP vs. extraction-meta games (a16z announcement)
- Co-investors not in VCT directory: Bitkraft Ventures, Riot Games, 1Up Ventures, Tornante
Investors in our directory
Funds linked from Believer's profile — open a fund page for stage focus and related deal articles.
Industries
Media & Entertainment
Industry hub pages are rolling out from our fund-derived baseline taxonomy.
Related funding articles
Venture Capital Tracker pieces that cover Believer's financing or category context.
FAQs about Believer
Funding context and why this company shows up in venture coverage.
Believer is a game studio founded by former Riot Games executives building a new open-world multiplayer IP focused on cooperative PvE gameplay.
Directory-linked investors include Andreessen Horowitz (/fund/andreessen-horowitz), Lightspeed Venture Partners (/fund/lightspeed-venture-partners-nyc), and Upfront Ventures (/fund/upfront-ventures). Lightspeed led the $55M Series A.
Believer raised a $55M Series A in March 2023 and remains in development — no public game release as of July 2026.
Founders led League of Legends and Wild Rift at Riot — among the most experienced live-service game leaders. Believer bets on cooperative PvE over the extraction-meta trend dominating recent AAA releases.
No — Believer remains a private game studio as of July 2026.
Last updated: 2026-07-24