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Lion Forge Entertainment

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Black-owned animation and live-action studio for diverse audiences

Los Angeles, United StatesFounded 2019Consumer Services
Valuation $100–250M Last recorded · 2025
Headcount <100 Current team size
Total funding $10–50M Disclosed equity funding
Unlock exact values This page shows ranges. Dealroom has the exact numbers for Lion Forge Entertainment and the history behind them.

About Lion Forge Entertainment

Lion Forge Entertainment (LFE) is an Academy Award-winning, Black-owned animation and live-action studio dedicated to producing diverse stories for kids, family, and young adult audiences. Founded in 2019 by David Steward II, LFE is a division of the media company Polarity and is based in Los Angeles, with a pre-production studio in Atlanta. Steward, whose passion for storytelling was rekindled by graphic novels, initially founded Lion Forge Comics in 2011 to address the lack of diversity in the industry by giving an outlet to ethnically diverse creators. This publishing venture merged with Oni Press in 2019 to form the Oni-Lion Forge Publishing Group, a subsidiary of Polarity that holds an extensive IP library.

Lion Forge Entertainment was established to develop and produce content based on this extensive IP library and original concepts. The company's mission is to ensure under-represented communities see themselves authentically represented on screen, a commitment that extends to providing career opportunities for women and minorities. The studio's very first project, the animated short film "Hair Love," won an Academy Award in 2020, validating its mission and creative direction. The business model focuses on building global transmedia franchises through intellectual property development, co-production financing, distribution partnerships, and licensing initiatives. Lion Forge generates revenue through these partnerships and by serving as a full-service animation studio for select projects. The company has secured significant deals, including a multi-year first-look agreement with Nickelodeon for animated series and features. In September 2025, HarbourView Equity Partners led a $30 million investment round to help the studio expand its IP portfolio and franchise pipeline.

The studio serves a global audience through partnerships with major distributors and platforms like HBO Max, Cartoon Network, and Nickelodeon. Key productions include the breakout hit series "Iyanu" on Cartoon Network and Max, which has been greenlit for a second season and feature films. Other projects in development include adaptations of books like "Chicka Chicka Boom Boom" and a series in partnership with the Bob Marley estate titled "Marley & The Family Band". The company also collaborates with notable figures and entities such as George R. R. Martin and Penguin Young Readers.

Source: Dealroom company data

At a glance

Status
Operational
Founded
2019
Headquarters
Los Angeles, United States
Employees
25
Open positions
1
Dealroom signal
30.8/100
Industry
Media
Sub-industry
Content production
Sector
Consumer Services
Client focus
b2b

Funding history

1 recorded event

Company financing events and reported valuations.

Deal typeDateAmountValuationInvestorsSource
EARLY VC✓Equity / VC Sep 2025 $30M $120M HarbourView Equity Partners · Polarity ↗
Showing the latest 1 of 1 recorded eventsBook a demo for the full funding history →

Growth signals

Lion Forge Entertainment website traffic

Latest recorded traffic for Lion Forge Entertainment is 1.7K monthly website visits, down 52.8% over the last three months. Lion Forge Entertainment's team declined 16.7% over the past year.

Latest monthly visits1.7K 3-month web change-52.8% 1-year team growth-16.7%
Summary metrics are public; monthly history is available with a demoCompare with peers →

Open positions

Openings linked to this company in Dealroom
1 distinct opening shownExplore hiring signals →

Investments and acquisitions

Capital deployed

Recent portfolio relationships for companies that also act as investors or acquirers.

Investors

2 investors on the cap table

From Dealroom's funding and investor records, grouped by the round each investor first entered.

Series A2 investors entered at this stage

  • HarbourView Equity Partners
  • Polarity
Team profiled 4 named & role-tagged
Founders Hidden — book a demo/100 quality score
Key operators 1 quality Hidden — book a demo/100
Potential founders Hidden — book a demo likely future founders
Startup mafia Hidden — book a demo alumni-founded startups
Talent movements Hidden — book a demo in · Hidden — book a demo out past 12 months

Source: Dealroom Talent Intelligence.

Global footprint

Workforce and web traffic by country
Workforce by country
4 countries with
team presence
🇺🇸 United States85.7%
🇨🇦 Canada4.8%
🇦🇺 Australia4.8%
🇳🇬 Nigeria4.8%
4 countries shown

Market sentiment

Posts on X, past 7 days

An AI-synthesised read of the highest-engagement posts about Lion Forge Entertainment on X, ranked by likes and reposts, corporate channels excluded.

Reading the room on X — pulling top posts and synthesizing themes…

Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour

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