# Sviper

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

- Industry: Software
- Headquarters: Hamburg, Germany
- Website: www.sviper.com
- Total disclosed funding: $2.9M
- Latest round: Series A (Jan 17, 2019)
- Investors on record: 3

## About

Sviper GmbH is a gaming company specializing in mobile player-versus-player experiences, notably through their flagship game, "Super Spell Heroes," where players engage in tactical wizard duels using elemental spells.Founded in 2016 in Hamburg, Germany, Sviper GmbH focuses on developing engaging mobile games. The company has completed a total of 3 deals, with its most recent deal occurring on February 28, 2023. In this latest Series A funding round, Sviper raised EUR 2.500 mn, which brings the total amount raised to EUR 2.500 mn with a current company valuation of EUR 14.715 mn. The lead investor for this round was Modern Times Group MTG AB, alongside other investors such as Global Founders Capital and Rocket Internet SE. The founders, Mark Buchholz and Michael Reichert, have laid a solid foundation for the company which is now led by CEO Ole Schaper.Sviper's primary offering is "Super Spell Heroes," a strategic real-time player-versus-player (PvP) game that immerses users in wizard duels utilizing elemental powers. Players engage in tactical gameplay by casting a variety of epic spells, with the aim of defeating opponents and achieving the status of a legendary hero. This product is designed to cater to gaming enthusiasts looking for competitive and immersive experiences, specifically targeting mobile users on both iOS and Android platforms. Additionally, Sviper is actively developing a new project in collaboration with partners within the gaming industry, indicating an ongoing commitment to innovation within the genre. Their products are distributed globally, focusing on markets with a high demand for mobile gaming, including North America and Europe.Sviper generates revenue primarily through the sale of its gaming products, particularly through direct-to-consumer transactions. Players purchase "Super Spell Heroes" and may engage in in-game purchases that enhance gameplay, such as acquiring new spells or cosmetic upgrades. The company’s revenue model includes potential subscription services for exclusive content or features related to their games, thereby creating a recurring revenue stream. Partnerships with other gaming companies may establish collaboration opportunities that contribute to financial growth. The EBITDA for the most recent year, 2020, was EUR -676,897.60.In February 2023, The Sandbox, a portfolio company of The Hongkong and Shanghai Banking Corporation Limited, acquired Sviper GmbH. This acquisition is expected to empower The Sandbox's creator generation to build more engaging and fun forms of experiences focusing on social features, new multiplayer gameplay options, and new Game Maker possibilities for creators. Sviper aims to leverage this acquisition to enhance its game development capabilities and further expand its market presence.

## Funding rounds

- Series A, Jan 17, 2019, $2.9M — Rocket Internet SE, Global Founders Capital, Modern Times Group MTG AB
- Seed, Nov 14, 2016 — Global Founders Capital

## Investors

- Global Founders Capital (https://capitalatlas.ai/funds/global-founders-capital) — Seed, Series A
- Rocket Internet SE (https://capitalatlas.ai/funds/rocket-internet-se) — Series A
- Modern Times Group MTG AB — Series A