Andreessen Horowitz announced the launch of its very first gaming fund called Games Fund One. The $600 million fund will focus on a mix of game studios, gaming infrastructure companies, and consumer gaming software providers that support gaming ecosystems and communities. The fund will also collaborate with Andreessen’s crypto fund to co-invest in blockchain gaming deals.
“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,” reads an announcement blog post from Andreessen general partners Andrew Chen, Jonathan Lai, and James Gwertzman. “Over the past decade, games have undergone a radical transformation, from simply being packaged entertainment, to becoming online services that more closely resemble social networks and scale like consumer technology companies.”
The $600 million fund includes a number of game industry heavyweights including, Roblox CEO and Co-Founder David Baszucki, Discord Co-Founder and CEO Jason Citron, Riot Games Co-Founder Marc Merrill, Blizzard Co-Founder Mike Morhaime, Twitch Co-Founder Kevin Lin, Sky Mavis Co-Founders Aleks Larsen and Jeffrey Zirlin, Zynga Founder Mark Pincus, and King Founder Riccardo Zacconi.
(All information was provided by Protocol)