Believer, a new approach to gaming, raises $55M from Lightspeed, A16Z, and more

Gaming is at a crossroads these days: a decades-old business that has had remarkable staying power banked around classic concepts is now engaged in a battle royale with innovations in areas like mixed reality, AI, blockchain, and networking, as it strives to connect with an increasingly fragmented consumer base.
Today, a startup is announcing $55 million in funding from some big-name backers to mark its own approach on the field. Believer, founded by ex-Riot execs Michael Chow and Steven Snow, is still in stealth and it isn’t likely to launch anything for 3-5 years, the founders tell me.

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