Startup profile · funding coverage
Believer funding, valuation and investors
Game studio building a next-gen open-world multiplayer IP from former Riot executives.
Keep track of Believer
Save this profile to your VCT watchlist for a quick return.
Funding, valuation & investors
Answer-first snapshotLatest funding
Series A
$55M · March 2023
Latest known valuation
Not publicly disclosed
Total disclosed equity funding
$55M
Excludes debt, grants, acquisitions, secondaries, and IPO proceeds.
Current status
private
series a · Los Angeles, California
Investors in latest funding
Other: Andreessen Horowitz
Overview
Believer is a game studio founded by former Riot Games executives Michael Chow and Steven Snow. The team is building a new open-world multiplayer IP focused on cooperative PvE gameplay, drawing on their experience shipping League of Legends and Wild Rift at scale.
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.
Product & use cases
Believer is a game studio founded by former Riot Games executives Michael Chow and Steven Snow.
- Primary product use case per company site
- Enterprise or consumer deployment
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
Funding history (newest first)
Series A
Mar 2023 $55MSource: Series A (Mar 2023): $55M led by Lightspeed with a16z participation (TechCrunch)
Investors in our directory
Funds linked from Believer's profile — open a fund page for stage focus and related deal articles.
Competitive landscape
Edge: 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.
Believer competes in media-entertainment. Incumbents have distribution; startup edge depends on product depth and buyer references. See competitors for specific tradeoffs — no invented market share claims.
-
Riot Games incumbent
Game studio incumbent.
-
Epic Games incumbent
Game platform/studio.
Notable stories
- 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)
Industries
Related funding articles
Venture Capital Tracker pieces that cover Believer's financing or category context.
FAQs about Believer
Practical answers founders, operators, and investors typically search for.
Last updated:
Editorial note: AI tools assisted with research, structure, or drafting. Venture Capital Tracker retains human editorial responsibility for factual accuracy, relevance, and source quality before publication.