A16z Launches Games Fund One with $600M Commitment

Venture capital giant Andreessen Horowitz (a16z) has launched its inaugural gaming fund called Games Fund One, with aspirations to invest $600 million into the space, across game studios, apps and infrastructure. 

The Silicon Valley-based film also took to twitter to announce the news along with a short video: 

“Today, we are proud to announce GAMES FUND ONE, a16z’s inaugural fund dedicated to building the future of the games industry. 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,” wrote a16z team members Andrew Chen, Jonathan Lai, and James Gwertzman in the announcement.

The company believes that gaming will be one of the main ways humans socialize, play and work over the next century and they want to be at the forefront of this industry. They believe that in the long term, gaming infrastructure and technologies will be even more important in the metaverse, and that the currently $300 billion industry is closer to its inception than conclusion. 

In other words, they believe that the gaming industry is just taking off and could be much bigger when more people convert to gaming in the metaverse. 

While the 2009-founded company started through traditional finance, they have become one of the big names in the crypto space. Last summer, the firm announced their third crypto-related fund worth a staggering $2.2 billion. At the time it was the largest crypto fund in history, until Paradigm finalized its $2.5 billion fund in November. 

Author: Tyler Irvin

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