Startup profile · funding coverage
Bonfire Studios
Independent game studio (Arkheron) from former Blizzard VP Rob Pardo.
Stage
series b
Status
private
Coverage
full
Why Bonfire Studios is interesting
Long-cycle multiplayer PvP bet — a16z and Riot seeded the studio; Founders Fund joined ahead of 2025 Series B.
Key facts
- Seed (Sep 2016): $25M from a16z and Riot Games (GamesIndustry.biz)
- Series B (Jan 2025): led by a16z with Founders Fund and Altos Ventures (Preqin)
- Co-investors not in VCT directory: Riot Games, Altos Ventures
- Source: https://www.gamesindustry.biz/rob-pardo-announces-new-developer-bonfire-studios
Investors in our directory
Funds linked from Bonfire Studios's profile — open a fund page for stage focus and related deal articles.
Industries
Media & Entertainment
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Related funding articles
Venture Capital Tracker pieces that cover Bonfire Studios's financing or category context.
FAQs about Bonfire Studios
Funding context and why this company shows up in venture coverage.
Bonfire Studios develops premium multiplayer games. Its flagship project is Arkheron, a competitive PvP game in long development since the studio's 2016 launch.
Andreessen Horowitz (see /fund/andreessen-horowitz) and Riot Games co-invested in the $25M seed (2016). Founders Fund (see /fund/founders-fund) joined a Series B led by a16z in January 2025.
Series B as of January 2025. The studio remains private and has not shipped Arkheron publicly as of mid-2026.
A rare venture-backed bet on a veteran-led, long-horizon AAA-style multiplayer game — capital intensity and cycle time make this an outlier in games VC.
No — Bonfire remains an independent private studio.
Last updated: 2026-07-24