We advised Riot Games Investment Holdings on investing in a Brazilian video game developer, Bit Cake Studio. Riot Games Investment Holdings led the investment round which also saw investment from 1Up Ventures Fund II, GameVentures, and Fund I, a series of Explorer.gg.
The funds raised will be directed towards expanding Bit Cake Studio’s game studio, which is fully remote.
Bit Cake Studio says, “This deal marks Riot’s first investment in a Brazilian studio, a testament to their confidence in our region’s incredible talent and potential. Having a global gaming giant like Riot as our partner is not just a milestone for our team; it’s also a significant step for the Brazilian gaming industry.”
Riot Games Investment Holdings is a subsidiary of Riot Games, through which Riot Games invests in various gaming-related companies and technologies to expand its portfolio and enhance its offerings.
Riot Games is a leading video game developer and publisher known for creating immersive and player-focused gaming experiences. It has developed and published several successful titles, such as League of Legends and Valorant.
Our services and client team
We advised Riot Games Investment Holdings on all legal matters related to the investment, including assisting with due diligence, negotiating the investment terms, and drafting and negotiating transaction documents.
Our client team was led by partner Mirell Prosa, and supported by council Pirkko-Liis Harkmaa, senior associate Olivia Kranich, and associates Kadri Puu and Kevin Piho.
