ForsVC realises first exit with Oro Interactive

ForsVC sells its stake in Oro Interactive to Kepler Interactive

Kortrijk, Belgium — 1 July 2026 — ForsVC has realised its first exit. The Kortrijk-based gaming fund has sold its stake in Belgian indie game publisher Oro Interactive to London-based Kepler Interactive, proving that the gaming industry can deliver serious returns for investors and that smart, guided capital can make the difference for young entrepreneurs.

The transaction is ForsVC's first exit and delivers a return of more than seven times the original investment within a period of less than two years. The parties wish to keep the exact sale price confidential.

Key figures

Investor: ForsVC Game Fund I, Kortrijk (Belgium)
Portfolio company: Oro Interactive, Aalst (Belgium)
Buyer: Kepler Interactive, London (United Kingdom)
Date: 1 July 2026
Exit type: Full sale of ForsVC stake
Transaction value: More than a sevenfold return on investment

Early conviction

What makes the exit particularly remarkable is the moment at which ForsVC invested. ForsVC committed as the first external investor in Oro Interactive when the company was still in its earliest stage and had not yet released a single title — although a promising deal had already been signed with the developer of the horror title Murky Divers.

Oro Interactive is part of a new wave of publishers that consciously distances itself from the classic publishing model. The focus is on smaller games, smarter risk management, greater efficiency and fairer terms for developers. ForsVC committed early, convinced by that vision and the people behind the company.

Investing in companies is above all investing in people. We believed in Sam's vision but especially in his approach as an entrepreneur, and that was before a single game had been released. That early conviction is precisely where we as a fund were able to make the difference.
— Arne Ottoy, Managing Partner ForsVC

That first title proved an immediate hit and confirmed that CEO Sam De Boeck's approach worked. Through continuous strategic sparring, the idea grew to target a new market — a course correction that would require additional capital, and ForsVC decided to participate in a second round. Throughout, ForsVC took on an advisory role as a sounding board, while Sam De Boeck retained full operational freedom and final responsibility.

ForsVC believed in Oro's vision from the very beginning, and that trust gave us enormous strength and allowed us to focus fully on what we needed to do. Passing the baton from ForsVC to Kepler is a logical step in Oro's story; the support of such a renowned games company reinforces belief in what we do, and thanks to their support we can serve studios even better than before.
— Sam De Boeck, CEO Oro Interactive

Kepler's interest

After successfully bringing multiple games to market, Oro Interactive attracted the interest of Kepler Interactive, publisher of Clair Obscur: Expedition 33, among others. Following the smooth and lucrative collaboration between Oro and Kepler on Super Battle Golf, Kepler soon asked to acquire ForsVC's stake. ForsVC played an active role in structuring the deal, but left the final decision where it belongs: with Sam De Boeck and his team.

The result is an exit that does not change Oro Interactive, only scales it. Even after the acquisition, Oro Interactive remains predominantly in Belgian hands. Decision-making power over the company and its direction stays locally anchored, while Kepler provides the international scale and network to continue growing. "Our work is done," says ForsVC. "And that is exactly what a good exit feels like."

ForsVC invests not only capital, we invest in vision. With Oro Interactive we believed early in a model the industry now follows: smaller games, better terms for developers, and publishing from a genuine passion for the medium. That Kepler Interactive, one of the most prominent independent publishers in the world, saw value in that, is a confirmation of that vision. For the Belgian games industry, this is a signal that we are on the international map.
— Arne Ottoy, Managing Partner ForsVC

An ecosystem that pays off

The numbers speak for themselves. Oro Interactive has built a portfolio of catchy games eagerly picked up by content creators, with every title selling at least hundreds of thousands of copies.

Roadside Research — developed by Cybernetic Walrus, published by Oro Interactive

Roadside Research (developed by Antwerp-based Cybernetic Walrus) has sold more than 700,000 copies on PC and Xbox — a textbook example of the power of the Flemish games ecosystem: a Kortrijk fund, an Aalst publisher, an Antwerp developer.

Super Battle Golf — developed by Brimstone, published by Oro Interactive

Other successful titles in the portfolio, including Easy Delivery Co. and Super Battle Golf, equally demonstrated that the new take on publishing resonates with a broad audience.

About Oro Interactive

Oro Interactive is an Aalst-based indie game publisher that stands out through a sharp sense for which games resonate and a strong talent for organic promotion. Rather than deploying heavy marketing budgets, Oro builds natural buzz around each title among players and content creators. Developers retain creative freedom and receive fair terms. Every title in the portfolio has sold at least hundreds of thousands of copies.

About Kepler Interactive

Kepler Interactive is a video game company and creative studio headquartered in London. With games such as Pacific Drive, Sifu, Rematch and Clair Obscur: Expedition 33, Kepler selects its developer partnerships worldwide to showcase the newest and most innovative ideas in gaming, where experimental game design goes hand in hand with a unique artistic vision. Through its stake in Oro Interactive, Kepler strengthens its publishing activities and expands its presence in the Benelux.

About ForsVC

ForsVC is a Belgian venture capital fund of 18 million euros, founded in 2021 by Howest Digital Arts and Entertainment, De Cronos Groep and BNP Paribas Fortis. The fund invests tickets of 150,000 to 1.5 million euros in game publishers, studios and game-tech companies in Belgium, the Netherlands, France and Germany, and is actively investing until October 2027.

ForsVC was founded with two equally important goals: to have an impact on the Belgian games ecosystem, and to deliver returns for investors. The exit from Oro Interactive illustrates both. Following the exit, the portfolio still counts twelve active investments, including Galaxy Grove (the Netherlands, management games) and Hasselt-based Pixnami, market leader in location-based VR experiences with more than 450 active locations worldwide and 1.5 million players. ForsVC is increasingly focusing on disruptive technologies within the sector, with a growing emphasis on AI-driven innovations.