Velo partners increase investment in Foxium

Velo Partners has exercised its option to increase its investment in Estonian and Swedish games development studio Foxium, through the RNG Foundry, to facilitate further growth just seven months on from its initial investment.

Foxium has produced a number of online titles, including The Lost Riches of Amazon, Vampire: The Masquerade™ – Las Vegas and Adelia The Fortune Wielder. Its newest offer ‘Legends: Lyra and Erion’ is expected to be released in the near future.

“I am happy with this deal,” said Åke André, CEO at Foxium. “It reinforces Velo Partners commitment to the business and their belief in the team. Together we see great potential in our studio.”

Evan Hoff, Director of Velo Partners: “Foxium is exactly the type of team we are excited about, producing premium and market-relevant content and we look forward to supporting them in their growth”.

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