informa
2 min read
article

The Games Fund launches with $50M to support devs in US, Europe

A team of game industry investors and creators has launched a new $50 million fund with the goal of putting its resources, both financially and professionally, behind game developers.

A team of game industry investors and creators has launched a new $50 million fund with the goal of putting its resources behind game developers seeking investment and access to the expertise of established professionals in development, publishing, and more.

The fund, helmed by managing partners Maria Kochmola and Ilya Eremeev, is targeting studios in Europe and the US, with the goal of providing between $2 million and $5 million to individual studios. According to Kochmola, organizers were originally targeting a $30 million fund, but raised its goal following a strong response from investors.

"Games have emerged as the largest market in mainstream entertainment, with explosive growth over the past year and further acceleration expected in 2021 and beyond," reads a statement from Kochmola.

"Initially we were targeting a $30M fund, but we underestimated interest from investors to the games industry and are now well over our initial goal. We are close to $50M and still have some room but expect to close the fundraising by the end of summer."

The Games Fund itself boasts a network of industry experts with experience in development, publishing, operations, and investment, and aims to use those connections to help the studios it invests in thrive.

"Western Europe is rich with talented developers, but they often lack funding opportunities," adds The Games Fund advisor and Vorhaus Advisors CEO Mike Vorhaus. "The Games Fund is at the forefront of a new generation of video games investors, combining a deep understanding of games development with the best practices of venture capital. With our vast connections in Eastern Europe and the US, we will empower developers from emerging territories and help them build global companies."

Developers interested in applying for funding or learning more about what The Games Fund has to offer can find details here.

Latest Jobs

Studio Pixanoh LLC

Los Angeles, California
05.20.22
Combat Designer

Treyarch

Playa Vista, California or Vancouver, BC
05.20.22
AI Engineer

Question

Remote
05.20.22
Lead Level Designer (South Park)

Remedy Entertainment

Helsinki Metropolitan Area, Finland
05.23.22
Rigging Artist
More Jobs   

CONNECT WITH US

Register for a
Subscribe to
Follow us

Game Developer Account

Game Developer Newsletter

@gamedevdotcom

Register for a

Game Developer Account

Gain full access to resources (events, white paper, webinars, reports, etc)
Single sign-on to all Informa products

Register
Subscribe to

Game Developer Newsletter

Get daily Game Developer top stories every morning straight into your inbox

Subscribe
Follow us

@gamedevdotcom

Follow us @gamedevdotcom to stay up-to-date with the latest news & insider information about events & more