One of the most legendary Silicon Valley venture capital funds is deepening their bet on gaming startups.
What’s happening:
- Legendary venture capital fund a16z has announced they will fund new gaming startups with $30M USD
- The a16z Games Fund has begun accepting new applications for startups to participate in their gaming focused accelerator known as Speedrun
Why it matters:
- Artificial intelligence and crypto native games have ushered in a new era of game development that has removed many of the typical barriers to creating a highly successful new video game, which has radically expanded the possibilities for emerging gaming startups and gaming studios
By the numbers:
- a16z Games Fund One is a $600M USD fund that has made investments across gaming startups in artificial intelligence, virtual reality, augment reality and blockchain based games
Going deeper:
- Some of the most successful founders of gaming companies and projects have joined a16z Games Fund One, including talent from Roblox, Discord, Riot Games and Axie Infinity
