Andreessen Horowitz (a16z) Venture Capital Raises $600 Million to Build the Future of the Gaming Industry The company sees that gaming is important in “Defining how we socialize, play, and work over the next century.”
The company has been investing in gaming for over a decade. But with this new fund, dubbed “Games Fund One,” the team plans to invest in different ways in the gaming industry. First, the investment will be focused on game studios.
“games-as-a-service’ has become an interactive social network full of players who build friendships in games,” wrote general partners Andrew Chen, Jonathan Lai and James Gwertzman.
The team will also invest in the player community, for example social apps like Discord and Twitch are built for this purpose. Infrastructure will be the main focus as well.
“With GAMES FUND ONE, we will continue to add functions and develop a deeper network. which has been tailored to fit the game ecosystem. So we can help our portfolio companies with everything from building a digital community. Virtual Economy Management to best practices for IP licenses to help build their development team.”
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