Riot Games has announced its first investment in a Brazilian studio: BitCake Studio . Founded in 2013, BitCake is already known for games like Atomic Picnic and Neko Neko Rampage and operates 100% remotely. The announcement was made in a LinkedIn post. BitCake revealed that Riot was the lead investor in its first venture capital (VC) funding round .
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According to the company, the partnership is a significant milestone, not only for the team, but also for the game development industry in Brazil, which has been attracting increasing attention on the global stage.
Other investors besides Riot Games
In addition to Riot Games, other investors also participated in the round, such as 1Up Ventures , which brings its experience to support the studio's vision. Other names included Tips Out (OTK Media) , Mad Mushroom , and GameFounders , who already believed in the developer's potential.
With the new investments, BitCake Studio plans to expand its operations and continue developing online multiplayer games that prioritize innovation and collaborative gameplay. The company also highlighted its commitment to a sustainable work environment, free from "crunch," a common industry practice that imposes grueling work schedules.
A promising future for the Brazilian market
This investment marks a historic moment for the Brazilian video game market. By backing a local studio, Riot Games validates the creative potential and technical capabilities of national developers.
In 2025, BitCake promises to launch new titles and refine its operations to provide even more immersive experiences for players, following its mission to create high-quality multiplayer games.
The announcement, however, did not reveal the investment amount or details about future projects from the studio, which recently launched the shooter game Atomic Picnic . However, the partnership signals a new chapter for both BitCake Studio and the gaming industry in Brazil.