Although venture capital investment in gaming and eSports has levelled off from all-time highs (over $4.5 billion was invested in eSports in 2018), VCs continue to invest roughly $500 million every quarter in gaming startups and video game development studios. Indeed, some of the best known startups of all time (like Stewart Butterfield’s Flickr and Slack) were born from gaming startups. That said, the fundraising environment for gaming entrepreneurs is increasingly competitive, and reaching out to the right investors is critical to success.
As part of our going series of free fundraising resources and investor lists for founders, this article will explore the top 9 active VC firms and investors focused on gaming startups, with details on each firm’s investment focus, history and fund size.
1. Makers Fund
Makers Fund is a global interactive entertainment venture capital firm focused on early stage investments. The team supports founders through an extensive network and deep experience in the industry.
- Founded: 2017
- Fund Size: $700M
- Website: makersfund.com
2. VGames
VGames is the venture fund for game entrepreneurs. Having both worked with some of the youngest and most mature developers, VGames brings a deep understanding of what it takes to build a great game. They are passionate about games, and about supporting companies as they grow to become global leaders.
- Founded: 2020
- Fund Size: $171M
- Website: vgames.vc
3. Play Ventures
Play Ventures is a new games VC founded by games entrepreneurs, investing globally in games and game services startups.
- Founded: 2018
- Fund Size: $144.9M
- Website: playventures.vc
4. dune ventures
dune ventures: a multi-stage venture firm backing the founders shaping interactive content, social, and technology. They invest globally in a small number of the most ambitious founders in the interactive space each year.
- Founded: 2020
- Fund Size: $3M
- Website: dune.ventures
5. Galaxy Interactive
Galaxy Interactive is a venture capital firm focused on interactive content and technology companies.
- Founded: 2018
- Website: galaxyinteractive.io
6. Hiro Capital
Hiro Capital is a Luxembourg / London technology Venture Capital fund which invests in European and UK innovators in Games, Esports and Digital Sports. Hiro Capital generally invests at the post-seed Series A and B stages. They invest both in front-end Content creators in Games, Esports and Digital Sports and in deep tech sector-specific applications of Cloud, Mobile, Streaming, Big Data, AI, Wearables, AR and VR technologies.
- Founded: 2019
- Fund Size: €400M
- Website: hiro.capital
7. BITKRAFT Ventures
BITKRAFT Ventures was founded in 2015 by german serial entrepreneur, Jens Hilgers. BITKRAFT’s team is located in Berlin, Los Angeles, San Francisco, New York, London, Madrid and Lisbon covering videogames and esports investments not only digitally but in the most relevant and busy metropoles for digital entertainment in the Western world.
- Founded: 2015
- Fund Size: $2.5M
- Website: bitkraft.vc
8. Lumikai
Lumkai is India’s first gaming & interactive entertainment venture fund. They aim to catalyse game-changing, early stage founders building the future of gaming and interactive media.
- Founded: 2019
- Fund Size: $500K
- Website: lumikai.com
9. London Venture Partners
LVP is a venture capital seed fund with a difference – they’re operating experts in the games sector, and they only ever invest in the games ecosystem. That means they bring real experience and deep understanding. They speak the same language, share the same references, understand the same challenges – and they believe in the same vision. They know instinctively where the opportunities lie; where there are strengths to be harnessed and exposures to be covered. In fine-grain, no-hiding, straight-talking detail. They know when to bide time, when to iterate and when to go wide. And how. They invest in people. That means founders with the potential to build the best in the world; teams with terrific, creative games development skills, or fantastic ideas for revolutionary games technology or services… and a vision that sets them apart.
- Founded: 2010
- Fund Size: $138M
- Website: londonvp.com
Raising funding for your startup? Create the perfect gaming pitch deck:
Are you interested in learning how to write and design a winning pitch deck for your startup? You may be interested in our popular Video Game Publisher Pitch Deck template — designed by experts who have helped startups close millions in funding from top investors. Here are some other resources for founders in the gaming space: