Renowned investment fund Andreessen Horowitz (a16z) has raised a $600 million fund to invest in games. The storied venture capital firm is already a big investor in games, but Games Fund One will be a16z’s first fund targeted solely at games.
Andreessen Horowitz claims to have been investing in video games for more than a decade, but with a new fund called “Games Fund One,” it plans to use the $600 million to build “the future of gaming.”
“Having been investors in this space for more than a decade, it’s clear to us the industry has entered a new era, and there is no better time than now to build a fund focused on supporting the next generation of games builders.”
In addition, the venture capital firm will create a subdivision to fully manage game investment and Games Fund One, named a16z Games.
Games Fund One would first invest in game studios, consumer applications with integrated games, and game industry infrastructure.
Sky Mavis (the firm that makes Axie Infinity), Dapper Labs (the unit behind blockchain Flow and the NFT Top Shot project), Forte, League of Kingdoms (IEO on Binance), standard sandbox game Roblox, and gaming studio Zynga are also listed in the fund’s directory on the website.
Andreessen Horowitz thinks that their current investments will help build the future metaverse, a virtual world cosmos that they claim has surpassed the $300 billion value of the game industry.
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