Sviper raises $2.8 million for mobile game studio

Sviper is a new mobile gaming studio in Hamburg, Germany, and it has raised $2.8 million in funding from Modern Time Group.To date, the company has raised $4.3 million. In addition to MTG, all existing shareholders participated in this funding round, including Sviper’s seed investor Global Founders Capital. The funds will be used to further expand the business and to grow the studio. Ole Schaper, Mark Buchholz, and Michael Reichert started Sviper in 2016. Their latest game is Super Spell Heroes, a real-time 1-vs.-1 puzzle duel game. The title has caught on, and because of that, MTG has seized the opportunity to invest.“Super Spell Heroes is a thrilling game that has convinced us of the potential of Sviper and its whole team. We are looking forward to upcoming projects and a mutually promising cooperation,” said Arnd Benninghoff, executive vice president of games and esports at MTG, in a statement. MTG, the Swedish digital entertainment group, has been actively investing in games and esports. Investing in the fast-developing European mobile gaming business is one of the next crucial steps. “We are very proud to work with such a competent and experienced international partner as MTG and welcome them to our pool of investors,” said Schaper, in a statement. “Their expertise in the digital world is an inspiration and a great opportunity for us to grow as a part of the MTG family.”