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Venture Capital
kiboventures.com

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Investments

82

Portfolio Exits

15

Funds

5

About Kibo Ventures

Kibo Ventures is an early-stage VC firm funding projects in the digital arena.

Kibo Ventures Headquarter Location

Suero de Quiñones, 34-36 3ª planta

Madrid, 28002,

Spain

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Latest Kibo Ventures News

Gamestry gets $5M to give games video creators a sweeter deal

Sep 6, 2021

Barcelona-based gaming video platform Gamestry has snatched up $5 million in seed funding, led by Goodwater Capital, Target Global and Kibo Ventures — turning investors’ heads with a 175x growth rate over the past 12 months. While the (for now) Spanish-language gaming video platform launched a few years back, in 2018, last year the founders decided to shift away from an initial focus on curating purely learning content around gaming — allowing creators to upload and share entertainment-focused games videos, too. The switch looks to have paid off as a growth tactic. Gamestry says it now has 4M monthly active users (MAUs) and 2,000 active creators in Spain and Latin America (its main markets so far) — and is gunning to hit 20M MAUs by the end of the year. While Twitch continues to dominate the market for live-streaming games — catering to the esports boom — Gamestry, which says it’s focused on “non-live video content”, reckons there’s a gap for a dedicated on-demand video platform that better supports games-focused video creators and provides games fans with a more streamlined discovery experience than catch-all user-generated content giants like YouTube. For games video creators, it’s dangling the carrot of a better revenue share than other UGC video platforms — talking about having “a fair ads revenue share model”, and a plan to add more revenue streams for creators “soon”. It also pledges “full transparency on how the monetization structure works”, and a focus on supporting creators if they have technical issues. So, basically, the sorts of issues creators have often complained that YouTube fails them on. For viewers, the pitch is a one-stop-shop for finding and watching videos about games and connecting with others with the same passion (gaming chat) — so the platform structures content around individual games titles. The startup also claims to present viewers with better info about a video to help them decide whether or not to click on it (aka, tools to help them find “quality instead of clickbait”), beyond basics like title, thumbnail and videos. (Albeit to my admittedly unseasoned eye for assessing the calibre of games video content, there is no shortage of clickbaity-looking stuff on Gamestry. But I am definitely not the target audience here…). So the viewer pitch also sounds like another little dig at YouTube. “Despite being the de-facto place for uploading content, YouTube is a generic platform that is not optimized for gaming and therefore doesn’t cater to the needs of gaming creators,” argue founders — brothers Alejo and Guillermo Torrens — adding: “Vertical or specialized platforms emerge whenever markets become large enough that current platforms can’t serve their users’ needs and we believe that’s exactly what’s happening today.” Target Global’s Lina Chong led the international fund’s investment in Gamestry. Asked what piqued her interest here, she flagged the recent growth spurt and the platform having onboarded scores of highly engaged games content creators in short order. “The problem Gamestry is addressing is that the vast majority of creators don’t make much money on those platforms because they are ads/eyeball driven businesses,” she told TechCrunch. “Gamestry provides a space where creators, despite audience size, can find new ways to engage with their audience and make a living. This problem among creators is so big that Gamestry now has over 2k highly engaged creators uploading multiple content pieces and millions of their viewers on the platform every month.” It will surely surprise no one to learn that the typical Gamestry user is a male, aged between 18 and 24. The startup also told us the “most trending” games on its platform are Minecraft, Free Fire, and Fortnite, adding that “IRL (In Real Life) content is also very successful”. As well as YouTube Gaming, other platforms competing for similar games-mad eyeballs include Facebook Gaming and Booyah.

Kibo Ventures Investments

82 Investments

Kibo Ventures has made 82 investments. Their latest investment was in Gamestry as part of their Seed VC on September 9, 2021.

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Kibo Ventures Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

9/5/2021

Seed VC

Gamestry

$5M

Yes

Goodwater Capital, and Target Global

1

7/30/2021

Series C

Exoticca

$30M

No

14W, Aldea Ventures, Bonsai Partners, K Fund, Mangrove Capital Partners, Milano Investment Partners, and Sabadell Venture Capital

5

7/19/2021

Option/Warrant

RewardsWeb

$1.5M

No

Nordic Eye

1

7/13/2021

Series A

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$99M

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10

6/1/2021

Series A

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$99M

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10

Date

9/5/2021

7/30/2021

7/19/2021

7/13/2021

6/1/2021

Round

Seed VC

Series C

Option/Warrant

Series A

Series A

Company

Gamestry

Exoticca

RewardsWeb

Subscribe to see more

Subscribe to see more

Amount

$5M

$30M

$1.5M

$99M

$99M

New?

Yes

No

No

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Co-Investors

Goodwater Capital, and Target Global

14W, Aldea Ventures, Bonsai Partners, K Fund, Mangrove Capital Partners, Milano Investment Partners, and Sabadell Venture Capital

Nordic Eye

Sources

1

5

1

10

10

Kibo Ventures Portfolio Exits

15 Portfolio Exits

Kibo Ventures has 15 portfolio exits. Their latest portfolio exit was bipi on July 27, 2021.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

7/27/2021

Acquired

$991

4

7/13/2021

Acquired

2

5/26/2021

IPO

$991

1

00/00/0000

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10

00/00/0000

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10

Date

7/27/2021

7/13/2021

5/26/2021

00/00/0000

00/00/0000

Exit

Acquired

Acquired

IPO

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Companies

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Valuation

$991

$991

Acquirer

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Sources

4

2

1

10

10

Kibo Ventures Fund History

5 Fund Histories

Kibo Ventures has 5 funds, including Kibo Ventures III.

Closing Date

Fund

Fund Type

Status

Amount

Sources

10/6/2020

Kibo Ventures III

$5.9M

7

10/4/2016

Kibo Ventures II

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$99M

10

7/23/2013

Amerigo Innvierte Spain Technologies FCR

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$99M

10

8/1/2012

Kibo Ventures I

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$99M

10

Kibo Venture Fund III

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$99M

10

Closing Date

10/6/2020

10/4/2016

7/23/2013

8/1/2012

Fund

Kibo Ventures III

Kibo Ventures II

Amerigo Innvierte Spain Technologies FCR

Kibo Ventures I

Kibo Venture Fund III

Fund Type

Subscribe to see more

Subscribe to see more

Subscribe to see more

Subscribe to see more

Status

Amount

$5.9M

$99M

$99M

$99M

$99M

Sources

7

10

10

10

10

Kibo Ventures Team

3 Team Members

Kibo Ventures has 3 team members, including current Chief Operating Officer, Valeria Loewe.

Name

Work History

Title

Status

Jose Maria Amusategui

Founder

Current

Valeria Loewe

Chief Operating Officer

Current

Aquilino Pena

Managing Partner

Current

Name

Jose Maria Amusategui

Valeria Loewe

Aquilino Pena

Work History

Title

Founder

Chief Operating Officer

Managing Partner

Status

Current

Current

Current

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