Acequia Capital (AceCap)

We're Acequia Capital, a team and partnership with roots in Albuquerque. We're knowledge workers and systems thinkers who love to keep good company in most fields.

Rio Caraeff

Venture Partner

Leif Danielsen

General Partner

Fritz Lanman

Angel Investor

Hank Vigil

Co-Founder, General Partner

Past deals in Video Games

Dead Astronauts

Seed Round in 2025
Dead Astronauts reinvents open-world game experiences with technical innovation at the core of the company and PLAYER CREATIVITY at the core of the games we make.

Red Rover

Series A in 2024
Red Rover is a gaming studio focused on delivering innovative and engaging multiplayer experiences. By employing small, collaborative teams and a rapid iteration process, the company aims to create games that allow players to actively shape the in-game narrative. This approach not only enhances player involvement but also fosters a dynamic gaming environment that encourages creativity and interaction among users. Red Rover's commitment to player-driven experiences positions it as a distinctive player in the gaming industry.

Windup Minds

Pre Seed Round in 2023
Windup Minds is a game studio focused on creating VR and MR virtual pet experiences. The company runs a gaming studio that aims to bring virtual pet games to market.

Red Rover

Seed Round in 2023
Red Rover is a gaming studio focused on delivering innovative and engaging multiplayer experiences. By employing small, collaborative teams and a rapid iteration process, the company aims to create games that allow players to actively shape the in-game narrative. This approach not only enhances player involvement but also fosters a dynamic gaming environment that encourages creativity and interaction among users. Red Rover's commitment to player-driven experiences positions it as a distinctive player in the gaming industry.

Hathora

Seed Round in 2023
Hathora is a developer of a multiplayer gaming development framework that aims to simplify the process of building and launching online games. The company provides a cloud platform that supports the deployment and scaling of game servers globally. Its offerings include features such as autoscaling, multi-region deployments, monitoring analytics, and migration management. This allows developers to concentrate on the specific functionalities of their games while the Hathora framework handles the underlying infrastructure and necessary abstractions for prototyping and scaling. By streamlining these processes, Hathora enhances the efficiency and effectiveness of game development.

Machinations

Series A in 2022
Machinations is a browser-based platform focused on designing, balancing, and simulating game systems. It provides game development studios with tools to create complex gameplay systems using a turn-complete language presented through interactive diagrams. The platform integrates both machine and human analysis, facilitating visualization to enhance the game design process. By enabling clients to run multiple stochastic simulations, Machinations helps reduce uncertainty and predict player outcomes, allowing for more informed decision-making in game development.

Magicave

Pre Seed Round in 2021
Magicave is a digital toy, game, and hobby startup that operates a game studio dedicated to creating community-driven virtual experiences. The company specializes in developing innovative games that incorporate player-owned economies, leveraging blockchain and NFT technologies. This approach allows players to explore new gameplay possibilities, enhancing their engagement and interaction within the gaming environment. By focusing on the integration of cutting-edge technology, Magicave aims to redefine the landscape of digital toys and games, catering to a growing community of enthusiastic players.

Game Jolt

Seed Round in 2021
Game Jolt is a social media platform tailored for gamers and the content they produce. It serves as a user-generated marketplace for digital collectibles, facilitating connections between brands, creators, and the Gen Z gaming community. The platform allows users to share and download video games, participate in on-platform events, and engage in mini-games, thereby enhancing user interaction. Through these features, Game Jolt fosters a dynamic environment where players can connect, compete, and collaborate with friends and other gamers.

Northern Lights Entertainment

Pre Seed Round in 2021
Entertainment – physical and digital – should give us the ability to form our opinions, find our voice and engage with the rest of the world. Created in October 2018, Northern Lights Entertainment is a team of young, passionate entrepreneurs of the gaming industry based in Paris, France, currently developing its first product, Nebulae – a sci-fi MMO strategy game encompassing an integrated political simulator and 3D combat in space.

Homo Ludens

Seed Round in 2020
Homo Ludens is an independent game studio built for all actors in the video game industry. Homo Ludens was founded in 2019 and was headquartered in France.

Fulllife

Seed Round in 2020
Fulllife is a streetwear company that specializes in game wear and apparel designed to promote and celebrate gaming culture. Their product offerings include a variety of clothing items such as t-shirts, hoodies, sweatshirts, pants, shorts, underwear, and socks, along with accessories and gift cards. Fulllife aims to support and elevate the global gaming movement, providing gamers with stylish and comfortable options to express their passion for video games.

Machinations

Seed Round in 2020
Machinations is a browser-based platform focused on designing, balancing, and simulating game systems. It provides game development studios with tools to create complex gameplay systems using a turn-complete language presented through interactive diagrams. The platform integrates both machine and human analysis, facilitating visualization to enhance the game design process. By enabling clients to run multiple stochastic simulations, Machinations helps reduce uncertainty and predict player outcomes, allowing for more informed decision-making in game development.

Rec Room

Series B in 2019
Rec Room Inc., founded in 2016 and based in Seattle, Washington, operates an online platform that serves as a virtual social club where users can create and play games with friends. The company focuses on augmented and virtual reality experiences, facilitating social interactions and multiplayer gameplay. Its application allows users to engage in a virtual environment, enabling them to chat, meet, and socialize with others globally. Rec Room aims to build a vibrant community centered around gaming and social engagement.

Vreal

Series A in 2018
Vreal Inc. is a Seattle-based company that develops a platform enabling game developers, streamers, and players to stream virtual reality (VR) gaming experiences across various devices, including desktops, mobile VR, traditional 2D screens, and VR headsets. Established in 2015, Vreal aims to enhance gaming content by creating immersive experiences that engage fans and allow them to participate in the action. The platform facilitates a social gaming experience, allowing users to explore new games alongside their favorite creators without limitations. Vreal's innovative approach connects developers, streamers, and viewers, offering a unique way for gaming enthusiasts to enjoy and share 3D virtual environments.

Gamesight

Seed Round in 2017
Gamesight is a marketing platform specifically designed for PC and console games, focusing on helping publishers navigate the gaming market. The company offers a comprehensive online community platform that provides valuable insights into marketing performance, enabling gaming companies to optimize their marketing expenses across various channels. By leveraging proprietary data and advanced software, Gamesight assists publishers in activating the right influencers to generate excitement and engagement during game launches. Its tools empower clients to build strong communities around their titles, ensuring they can effectively measure their marketing efforts and achieve better outcomes in a competitive landscape.

Rec Room

Seed Round in 2017
Rec Room Inc., founded in 2016 and based in Seattle, Washington, operates an online platform that serves as a virtual social club where users can create and play games with friends. The company focuses on augmented and virtual reality experiences, facilitating social interactions and multiplayer gameplay. Its application allows users to engage in a virtual environment, enabling them to chat, meet, and socialize with others globally. Rec Room aims to build a vibrant community centered around gaming and social engagement.

Gamesight

Seed Round in 2015
Gamesight is a marketing platform specifically designed for PC and console games, focusing on helping publishers navigate the gaming market. The company offers a comprehensive online community platform that provides valuable insights into marketing performance, enabling gaming companies to optimize their marketing expenses across various channels. By leveraging proprietary data and advanced software, Gamesight assists publishers in activating the right influencers to generate excitement and engagement during game launches. Its tools empower clients to build strong communities around their titles, ensuring they can effectively measure their marketing efforts and achieve better outcomes in a competitive landscape.

Vreal

Seed Round in 2015
Vreal Inc. is a Seattle-based company that develops a platform enabling game developers, streamers, and players to stream virtual reality (VR) gaming experiences across various devices, including desktops, mobile VR, traditional 2D screens, and VR headsets. Established in 2015, Vreal aims to enhance gaming content by creating immersive experiences that engage fans and allow them to participate in the action. The platform facilitates a social gaming experience, allowing users to explore new games alongside their favorite creators without limitations. Vreal's innovative approach connects developers, streamers, and viewers, offering a unique way for gaming enthusiasts to enjoy and share 3D virtual environments.

Vreal

Convertible Note in 2015
Vreal Inc. is a Seattle-based company that develops a platform enabling game developers, streamers, and players to stream virtual reality (VR) gaming experiences across various devices, including desktops, mobile VR, traditional 2D screens, and VR headsets. Established in 2015, Vreal aims to enhance gaming content by creating immersive experiences that engage fans and allow them to participate in the action. The platform facilitates a social gaming experience, allowing users to explore new games alongside their favorite creators without limitations. Vreal's innovative approach connects developers, streamers, and viewers, offering a unique way for gaming enthusiasts to enjoy and share 3D virtual environments.
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