Based in Hamburg, Sviper was founded by 3 founders with substantial mobile free to play expertise. Agnitio participated in the seed round of investment in 2018 and Shum Singh joined the board as a director.
Over the years Sviper built up a reputation for having deep technology expertise that could be applied during the development of a game as well as after launch when games transitioned to live operations. Agnitio was hired to identify, solicit interest from and ultimately negotiate a transaction with potential acquirers. Sviper was ultimately acquired by The Sandbox, one of the most prominent metaverse studios in the industry. What is particularly notable about this transaction is the long-term collaboration Agnitio had with Sviper: from initially investing in the studio and joining the board, to assisting with raising investment from a strategic player and ultimately advising on the most favourable outcome for all shareholders.