# Believer

> Game studio building a next-gen open-world multiplayer IP from former Riot executives.

## Why it 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.

## Profile

- **Stage:** series-a
- **Status:** private
- **Industries:** media-entertainment
- **Coverage:** full
- **Last updated:** 2026-07-24

## 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

- https://venturecapitaltracker.com/fund/andreessen-horowitz
- https://venturecapitaltracker.com/fund/lightspeed-venture-partners-nyc
- https://venturecapitaltracker.com/fund/upfront-ventures

## Related articles

- https://venturecapitaltracker.com/2026-a16z-hot-portfolio-companies

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Source: https://venturecapitaltracker.com/startup/believer