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Venture Capital

a16z Is Betting Big On New Gaming Startups

April 1, 2024
•
x min read
a16z Is Betting Big On New Gaming Startups

One of the most legendary Silicon Valley venture capital funds is deepening their bet on gaming startups.

‍What’s happening:‍

  • Legendary venture capital fund a16z has announced they will fund new gaming startups with $30M USD
  • The a16z Games Fund has begun accepting new applications for startups to participate in their gaming focused accelerator known as Speedrun

Why it matters:‍

  • Artificial intelligence and crypto native games have ushered in a new era of game development that has removed many of the typical barriers to creating a highly successful new video game, which has radically expanded the possibilities for emerging gaming startups and gaming studios

By the numbers:‍

  • a16z Games Fund One is a $600M USD fund that has made investments across gaming startups in artificial intelligence, virtual reality, augment reality and blockchain based games

Going deeper:‍

  • Some of the most successful founders of gaming companies and projects have joined a16z Games Fund One, including talent from Roblox, Discord, Riot Games and Axie Infinity

‍

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