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The Games Fund

North America, California, United States, Los Angeles

Description

The Games Fund (TGF) is a specialized early-stage venture capital firm headquartered in Los Angeles, California, with a dedicated focus on the global video games industry. Founded by seasoned industry veterans like Maria Kochmola and Ilya Eremeev, TGF leverages its deep operational experience and extensive network to support promising startups. The firm primarily targets pre-seed, seed, and Series A rounds, investing in game development studios, gaming technology platforms, and related infrastructure companies. Their thesis centers on identifying and empowering founders who are building the next generation of interactive entertainment and enabling technologies.

TGF has demonstrated significant fundraising success, having closed two dedicated funds. Their inaugural vehicle, Fund I, successfully closed at $50 million, enabling them to begin deploying capital into the burgeoning gaming ecosystem. Building on this momentum, The Games Fund recently announced the closing of Fund II, also at $50 million, bringing their total assets under management to $100 million. This capital allows them to provide not just financial backing but also strategic guidance, mentorship, and access to key industry connections, which is crucial for early-stage gaming ventures navigating a competitive market.

When it comes to investment size, The Games Fund typically writes initial checks ranging from $500,000 to $2,000,000 for their early-stage investments. This range allows them to be a significant lead or co-lead investor in seed and early Series A rounds. Beyond initial capital, TGF is also prepared to participate in follow-on rounds, demonstrating a long-term commitment to their portfolio companies' growth and success. Their investment strategy is highly selective, focusing on teams with strong execution capabilities and innovative ideas that can disrupt or significantly impact the gaming landscape.

Investor Profile

The Games Fund has backed more than 28 startups, with 5 new investments in the last 12 months alone. The firm has led 12 rounds, about 43% of its total and boasts 0 exits across its portfolio.

Investment Focus Highlights

  • Concentrates on Seed, Pre Seed, Series A rounds (top funding stages).
  • Majority of deals are located in Cyprus, United States, Norway.
  • Strong thematic focus on Gaming, Video Games, Online Games.
  • Led 2 rounds in the past year.
  • Typical check size: $500K – $2M.

Stage Focus

  • Seed (75%)
  • Pre Seed (14%)
  • Series A (7%)
  • Undisclosed (4%)

Country Focus

  • Cyprus (32%)
  • United States (29%)
  • Norway (7%)
  • Poland (7%)
  • Finland (7%)
  • Germany (4%)
  • Belarus (4%)
  • Turkey (4%)
  • France (4%)
  • United Arab Emirates (4%)

Industry Focus

  • Gaming
  • Video Games
  • Online Games
  • Mobile Apps
  • Pc Games
  • Casual Games
  • Service Industry
  • Sports
  • Software
  • Console Games
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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 The Games Fund frequently co-invest with?

Behold Ventures
Europe, Stockholms Lan, Sweden, Stockholm
Co-Investments: 2
Ludus
Europe, Istanbul, Turkey, Besiktas
Co-Investments: 2
Raga Partners
North America, New York, United States, New York
Co-Investments: 2
Play Ventures
Asia, Central Region, Singapore, Singapore
Co-Investments: 5
Krafton
Asia, Kyonggi-do, South Korea, Seongnam
Co-Investments: 3
Korea Investment Partners
Asia, Seoul-t'ukpyolsi, South Korea, Seoul
Co-Investments: 2
GEM Capital
Europe, Paphos, Cyprus, Paphos
Co-Investments: 8
Velo Partners
Europe, England, United Kingdom, London
Co-Investments: 2
Co-Investments: 2
Acequia Capital (AceCap)
North America, Washington, United States, Seattle
Co-Investments: 2

Which angels does The Games Fund often collaborate with?

AS
Europe, Limassol, Cyprus, Limassol
Shared Deals: 1
MS
Europe, Hessen, Germany, Frankfurt
Shared Deals: 1
ES
North America, California, United States, Palo Alto
Shared Deals: 1
DP
Europe, England, United Kingdom, London
Shared Deals: 1
TR
North America, Washington, United States, Bellevue
Shared Deals: 1
JP
North America, New York, United States, New York
Shared Deals: 1
AB
Europe, England, United Kingdom, London
Shared Deals: 1
MA
Europe, England, United Kingdom, London
Shared Deals: 1
CR
Europe, England, United Kingdom, London
Shared Deals: 1
DH
Europe, Gullbringusysla, Iceland, Reykjavík
Shared Deals: 1

What are some of recent deals done by The Games Fund?

Dark Passenger

Plock, Mazowieckie, Poland

Dark Passenger is a firm that develops video games.

GamingVideo Games
SeedDec 16, 2024
Amount Raised: $3,000,000
Playgama

Dubai, Dubai, United Arab Emirates

Playgama is a fast-growing PaaS ecosystem for game developers and a distributor of HTML5 games

B2BGamingOnline Games
SeedDec 3, 2024
Amount Raised: $3,000,000
Drama Studios

Rennes, Bretagne, France

Drama Studios is a video game development studio company.

Online GamesPC GamesVideo Games
SeedSep 12, 2024
Amount Raised: $2,548,183
Eschatology Entertainment

Nicosia, Nicosia, Cyprus

Eschatology Entertainment is a Cyprus-based game developers that creates an immersive hardcore experiences in a unique living game world.

Gaming
SeedAug 14, 2024
Amount Raised: $11,300,000
Eschatology Entertainment

Nicosia, Nicosia, Cyprus

Eschatology Entertainment is a Cyprus-based game developers that creates an immersive hardcore experiences in a unique living game world.

Gaming
Series AAug 14, 2024
Amount Raised: $11,300,000
Juicy Button Games

Limassol, Limassol, Cyprus

Juicy Button Games is an independent game development studio.

Gaming
SeedMay 30, 2024
Amount Raised: $3,000,000
Red Rover

Oslo, Oslo, Norway

Creating the most novel and engaging multiplayer experiences in games.

GamingService IndustrySports
Series AApr 16, 2024
Amount Raised: $14,869,525
ROAR Games

Brooklyn, New York, United States

ROAR Games is an independent gaming studio developing Tenet of the Spark, an original single-player action game for PC and consoles.

Console GamesOnline GamesPC Games
SeedMar 13, 2024
Amount Raised: $1,500,000
Order of Meta

Helsinki, Southern Finland, Finland

Order of Meta is a gaming studio brought to professional game creators.

Video Games
SeedJan 30, 2024
Amount Raised: $3,300,000
Obelisk Studio

Limassol, Limassol, Cyprus

Obelisk Studio is the outsourcing unit and game studio.

Console GamesGamingOutsourcingPC Games
Pre SeedJan 18, 2024
Amount Raised: $2,000,000