Makers Fund creates $500 million fund for video game innovation

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Makers Fund announced today that it has closed its third and largest fund, worth $500 million. This fund goes to entrepreneurs who innovate the interactive entertainment ecosystem.

Jay Chi, founder of Makers, said in a statement: “The Makers Fund’s approach is to partner with entrepreneurs building innovative games, tools and technology that will define the next generation of interactive entertainment. We treat our investments as partnerships, providing founders with an in-depth support system and strategic guidance from a network of advisors equally passionate and committed to the gaming industry.”

Makers Fund III is supported by “outstanding endowments, foundations and institutions that have a longstanding relationship with Makers Fund,” according to Makers.

Michael Cheung, general partner of Makers, adds: “We founded Makers with the belief that we are entering the golden age of interactive entertainment, to change the way we all think about investing in the creative medium and how we find founders in supporting early stage… Our latest fund enables us to support founders on their journey from product introduction to global scaling.”

Makers Fund has also announced that it will expand its team across various hubs and strengthen its network of partners and advisors.

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This post Makers Fund creates $500 million fund for video game innovation

was original published at “https://venturebeat.com/2022/03/10/makers-fund-creates-500m-fund-for-innovation-in-video-games/”