Utrecht-based boutique game publisher Mystic Forge has raised €2 million in a fresh funding round, led by ForsVC and ROM Utrecht Region. This significant partnership was announced during INDIGO 2024 in Utrecht.
Co-founder Paul Hanraets expressed excitement about the investment, stating, “From our initial conversations, it was clear that ForsVC and ROM Utrecht Region shared our strategic vision and ambitions. This €2 million investment allows us to broaden our portfolio and secure additional exciting titles. While Mystic Forge operates globally, we are deeply committed to contributing to the gaming ecosystem in Utrecht and Belgium. We look forward to making some exciting announcements later this year.”
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About Mystic Forge
Founded by Paul Hanraets, Randy Greenback, and Vernon Vrolijk, Mystic Forge is a boutique indie game publisher specializing in strategy, simulation, and RPG games for PC. The company takes inspiration from legendary blacksmiths, aiming to bring ideas to life through passion, creativity, and innovation. Mystic Forge’s proactive approach involves selecting promising projects and fostering collaborations within its extensive network, dedicating substantial resources and focused attention to each game from development through to launch and beyond.
Investors and Their Vision
ForsVC, an €18 million fund based in Belgium, focuses on accelerating the growth of game studios and game tech companies in Belgium and neighboring countries. Venture partner Eric Diepeveen remarked, “We are excited to partner with Mystic Forge. The current publisher market is ripe for change, and the company’s unique approach positions them perfectly to seize this moment. We believe they will become a major player, delivering exceptional and engaging games.”
ROM Utrecht Region is a social investor that increases access to capital for innovative companies in the region, supporting major transition sectors such as digital, health, and sustainability. Jeffrey Williams, Senior Investment Manager at ROM Utrecht Region, added, “Our strategic investment in Mystic Forge reflects our goal to enhance the Utrecht Region as a hub for technological and creative industries. Partnering with Mystic Forge enriches our gaming landscape with their extensive industry expertise and network, thereby strengthening the ecosystem and attracting further investment into the region.”
With this significant investment, the game publisher is set to enhance its game portfolio and strengthen its position in the global gaming market, contributing to the growth and innovation of the gaming industry in Utrecht and beyond.
