Belgian gaming fund ForsVC has realized its first exit, selling its stake in Oro Interactive to London-based Kepler Interactive for more than seven times its original investment in under two years.
The deal, closed on July 1, 2026, marks a significant milestone for the Kortrijk-based fund, proving that early-stage investments in the gaming industry can yield substantial returns while empowering young entrepreneurs.
ForsVC was the first external investor in Oro Interactive, backing the Aalst-based publisher before it had even released a single game.
Despite the early risk, ForsVC’s belief in CEO Sam De Boeck’s vision – a publishing model focused on smaller games, fairer developer terms, and smarter risk management – proved prescient. Oro’s first title, Murky Divers, became an immediate success, validating the approach. ForsVC continued to support Oro with additional capital and strategic guidance, while allowing De Boeck to retain full operational control.
A scalable future with Kepler Interactive
The acquisition by Kepler Interactive, a renowned global publisher, will scale Oro Interactive’s reach while keeping its decision-making power rooted in Belgium.
Kepler, known for titles like Pacific Drive and Sifu, recognized Oro’s unique model and organic growth strategy, where games like Roadside Research (700,000+ copies sold) and Super Battle Golf thrive through natural buzz and fair partnerships. De Boeck emphasized that the transition to Kepler is a logical next step, enabling Oro to serve studios even better with international scale and resources.
A win for Belgium’s gaming ecosystem
This exit underscores the strength of Belgium’s gaming industry, with ForsVC’s early support helping Oro Interactive become a standout publisher. Arne Ottoy, Managing Partner of ForsVC, noted that the deal confirms the viability of Oro’s developer-friendly, passion-driven model – a blueprint now gaining global recognition.
With 12 active investments remaining, including Galaxy Grove and Pixnami, ForsVC continues to back disruptive innovations, increasingly focusing on AI-driven gaming technologies. The exit serves as a testament to the fund’s dual mission: fostering ecosystem growth and delivering strong investor returns.
