The new fund will invest in game studios, gaming infrastructure companies, and consumer gaming software providers.
Private venture capital firm Andreessen Horowitz, also known as a16z, announced it is launching a $600 million fund that will focus on various opportunities in the gaming industry. Called Games Fund One, the new fund will invest in game studios, gaming infrastructure companies, and consumer gaming software providers like Discord or Twitch.
The firm made an announcement on May 18 in a blog post saying that "Games Fund One is founded on the belief that games will play a pivotal role in defining how we socialize, play, and work over the next century" and noting that it intends to support the next generation of game developers.
The general partners Andrew Chen, Jon Lai, and James Gwertzman who will lead the fund said that the new fund will help "add more functions and develop deeper networks that are tailored to the games ecosystem". So, the companies the fund will invest in will be provided with "everything" including building digital communities, managing virtual economies, IP licensing, and building development teams.
Andrew Chen, Jon Lai, and James Gwertzman
Andreessen Horowitz has been supporting the games industry for years. Previously, it backed such companies as Zynga and Oculus and led Roblox's $150 million round Series G. It also backed veterans from game companies like Riot Games, CCP, and Epic Games and invested in several tech startups that target gamers, like Z League and Sleeper.
The firm shared that the new fund will be joined by a number of games industry professionals including Roblox founder David Baszucki, founder of Discord Jason Citron, co-founder of Riot Games Marc Merrill, co-founder of Blizzard Mike Morhaime, co-founders of Sky Mavi Aleks Larsen and Jeffrey Zirlin, co-founder of Twitch Kevin Lin, Zynga founder Mark Pincus, and founder of King Riccardo Zacconi.
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