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Makers Fund

North America, California, United States, San Francisco

Description

Makers Fund is a prominent global venture capital firm exclusively dedicated to the interactive entertainment sector, headquartered in San Francisco. Established with a deep understanding of the gaming industry, the firm focuses on early-stage investments, providing capital and strategic support to founders building the next generation of games, platforms, and underlying technologies. Their investment scope is broad, encompassing video game developers, esports, gaming infrastructure, Web3 gaming, and metaverse-related ventures.

The firm differentiates itself through its "by gamers, for gamers" philosophy, leveraging the extensive industry experience of its team to offer more than just capital. Makers Fund actively supports its portfolio companies with strategic guidance, industry connections, and operational expertise, helping them navigate the complexities of game development, publishing, and market scaling. This hands-on approach aims to foster innovation and accelerate growth within the rapidly evolving interactive entertainment landscape.

Makers Fund has demonstrated significant financial strength and a robust investment pace. The firm successfully closed its third fund, Makers Fund III, in 2022, raising an impressive $500 million, bringing its total assets under management to over $1 billion across its three core funds. Since its inception, Makers Fund has made over 100 investments globally, backing companies from seed to Series B stages. Notable portfolio companies include Rec Room, Mythical Games, and an early investment in Epic Games, showcasing their ability to identify and support future industry leaders. Their typical first check sizes range from $500,000 to $10,000,000, depending on the stage and specific needs of the startup.

Investor Profile

Makers Fund has backed more than 124 startups, with 9 new investments in the last 12 months alone. The firm has led 66 rounds, about 53% of its total and boasts 13 exits across its portfolio.

Investment Focus Highlights

  • Concentrates on Seed, Series A, Series B rounds (top funding stages).
  • Majority of deals are located in United States, United Kingdom, India.
  • Strong thematic focus on Gaming, Video Games, Online Games.
  • Led 3 rounds in the past year.
  • Typical check size: $500K – $10M.

Stage Focus

  • Seed (40%)
  • Series A (28%)
  • Series B (10%)
  • Series Unknown (10%)
  • Pre Seed (3%)
  • Series C (3%)
  • Initial Coin Offering (2%)
  • Debt Financing (1%)
  • Series D (1%)
  • Convertible Note (1%)

Country Focus

  • United States (42%)
  • United Kingdom (12%)
  • India (5%)
  • Finland (5%)
  • Turkey (5%)
  • Germany (4%)
  • Canada (4%)
  • The Netherlands (3%)
  • Japan (3%)
  • France (3%)

Industry Focus

  • Gaming
  • Video Games
  • Online Games
  • Software
  • Information Technology
  • Casual Games
  • Pc Games
  • Digital Entertainment
  • Apps
  • Media And Entertainment
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FAQ

Frequently Asked Questions

Learn who this investor regularly partners with—both firms and angels—and explore their latest activity.

Who does Makers Fund frequently co-invest with?

Dune Ventures
North America, New York, United States, New York
Co-Investments: 6
Play Ventures
Asia, Central Region, Singapore, Singapore
Co-Investments: 7
Hiro Capital
Europe, England, United Kingdom, London
Co-Investments: 4
Horizons Ventures
Asia, Hong Kong Island, Hong Kong, Hong Kong
Co-Investments: 4
Animoca Brands
Asia, Hong Kong Island, Hong Kong, Cyberport
Co-Investments: 7
BITKRAFT Ventures
North America, California, United States, San Francisco
Co-Investments: 7
Andreessen Horowitz
North America, California, United States, Menlo Park
Co-Investments: 7
Balderton Capital
Europe, England, United Kingdom, London
Co-Investments: 4
Northzone
Europe, England, United Kingdom, London
Co-Investments: 4
Galaxy Interactive
North America, New York, United States, New York
Co-Investments: 6

Which angels does Makers Fund often collaborate with?

MP
North America, Colorado, United States, Aspen
Shared Deals: 1
KA
North America, New York, United States, New York
Shared Deals: 2
BG
North America, California, United States, San Francisco
Shared Deals: 1
JA
Europe, Finland
Shared Deals: 2
KL
North America, California, United States, San Francisco
Shared Deals: 5
IA
North America, California, United States, Los Angeles
Shared Deals: 2
HV
Europe, Gullbringusysla, Iceland, Reykjavík
Shared Deals: 3
TP
Europe, Stockholms Lan, Sweden, Stockholm
Shared Deals: 2
JR
North America, California, United States
Shared Deals: 1
DH
Europe, Gullbringusysla, Iceland, Reykjavík
Shared Deals: 3

What are some of recent deals done by Makers Fund?

Donut

New York, New York, United States

Donut is the first crypto agentic browser that uses the finest crypto in-domain model and a swarm of browsing agents.

Pre SeedMay 29, 2025
Amount Raised: $7,000,000
VOYA Games

Berlin, Berlin, Germany

Voya Games is a Berlin-based game development studio.

GamingPC Games
SeedMay 21, 2025
Amount Raised: $4,986,565
Teller Novel

Tokyo, Tokyo, Japan

Teller Novel is an online platform that publishes stories based on terror novels in the form of comics.

AppsComicsInformation TechnologyPublishing
Series UnknownMar 25, 2025
Amount Raised: $6,677,901
Human Computer

Windsor, Ontario, Canada

Human Computer is an independent game studio dedicated to telling great stories through video games.

GamingOnline GamesVideo Games
SeedMar 13, 2025
Amount Raised: $5,700,000
AudioMob

London, England, United Kingdom

Monetizing mobile games non-intrusively using audio ads! AudioMob are the creators of Audio Enhanced Banners & Rewarded Audio

Advertising
Series UnknownFeb 25, 2025
Amount Raised: $5,000,000
Voldex

London, England, United Kingdom

Voldex is the premier home for top games on Roblox

Content CreatorsGamingPC GamesVideo Games
Series BFeb 10, 2025
BIT ODD

Helsinki, Southern Finland, Finland

BIT ODD is a developer of video games.

Gaming
SeedNov 14, 2024
Amount Raised: $17,897,506
Hybe IM

Seoul, Seoul-t'ukpyolsi, South Korea

Hybe IM, the interactive media and games arm of Hybe

GamingOnline GamesVideo Games
Series AAug 6, 2024
Amount Raised: $80,000,000
THINKR

Tokyo, Tokyo, Japan

THINKR provides advertising, video production, content, UX design, and animation services.

AdvertisingArtDigital MediaUX DesignVideo
Series AJul 26, 2024
Amount Raised: $32,521,383
NPC Labs

New York, New York, United States

NPC Labs operates as a web3 gaming infrastructure company.

SeedJul 22, 2024
Amount Raised: $18,000,000