# Hiber

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/hiber

- Industry: Software
- Headquarters: Gothenburg, Sweden
- Website: www.hiberworld.com
- Total disclosed funding: $18M
- Latest round: Series A (Jun 30, 2021)
- Investors on record: 9

## About

Hiber AB operates a dynamic online platform that enables users to create, play, and socialize in immersive virtual environments, particularly within the gaming sector.Founded in 2017 in Gothenburg, Sweden, Hiber AB specializes in interactive online gaming experiences. The company was co-founded by Mattias Johansson and Michael Yngfors, with Michael currently serving as CEO. Hiber AB successfully raised USD 15.00 mn in Series A funding on June 30, 2021, led by EQT, with participation from investors including CMT Digital, Konvoy Ventures, Luminar Ventures, and SYBO Games ApS. This funding marked a significant milestone, constituting the total amount raised by the company.HiberWorld primarily offers an interactive online platform that allows users to create, play, and socialize in a virtual environment. Their core product, a user-friendly game development tool, empowers individuals to design and share their own games, fostering a creative community among gamers and developers alike. The platform serves casual gamers, aspiring game developers, and content creators, focusing on robust markets in North America, Europe, and parts of Asia.In the most recent year, Hiber AB reported a revenue of USD 337.7 mn alongside an EBITDA of USD -2,770,323.40 for 2022. Their revenue model relies on subscriptions that grant users access to premium features and enhanced content creation tools, complemented by partnerships with content creators for monetization strategies within the platform.Following the Series A funding round in June 2021, Hiber AB plans to utilize the USD 15.00 mn raised to accelerate the growth of its social entertainment network. Future initiatives include expanding its offerings with new products designed to enhance user engagement and entering additional markets to extend their geographical reach. Specific expansion plans may target emerging markets in Asia by 2023, aligning with ongoing development efforts to introduce innovative features that cater to user needs.

## Funding rounds

- Series A, Jun 30, 2021, $15M — EQT, SYBO Games ApS, Luminar Ventures, CMT Digital, Konvoy Ventures
- Seed, Aug 13, 2020, $2.3M — EQT, SYBO Games ApS, GFR Fund, Luminar Ventures, CMT Digital, Konvoy Ventures, Wild Sloths Oy, The Mini Fund, Dreamcraft
- Seed, Aug 7, 2019, $0.8M — Luminar Ventures, Wild Sloths Oy

## Investors

- Luminar Ventures (https://capitalatlas.ai/funds/luminar-ventures) — Seed, Series A
- Wild Sloths Oy — Seed
- EQT (https://capitalatlas.ai/funds/eqt) — Seed, Series A
- SYBO Games ApS — Seed, Series A
- GFR Fund (https://capitalatlas.ai/funds/gfr-fund) — Seed
- CMT Digital (https://capitalatlas.ai/funds/cmt-digital) — Seed, Series A
- Konvoy Ventures (https://capitalatlas.ai/funds/konvoy-ventures) — Seed, Series A
- The Mini Fund (https://capitalatlas.ai/funds/the-mini-fund) — Seed
- Dreamcraft (https://capitalatlas.ai/funds/dreamcraft) — Seed