News and other materials from TGF founders.
In this episode, Joakim Achrén and Managing Partner of TGF Ilya Eremeev discussing a really interesting story about how Ilya started as a 3D artist and ended up running an early-stage VC fund. In this episode, we also talk about VC funding for the gaming ecosystem in Eastern Europe, how the region is developing, and what Ilya has seen as drivers for success.
Analytical portal InvestGame.net: TGF holds the 9th position among Gaming VC funds by investment activity in H1 2021. See the full report here.
The Games Fund has added $17 million in funding to its game investment coffers, thanks to new support from mobile gaming companies Scopely and Com2Us.
The Games Fund launched in April and quickly exceeded its original target of $30 million. The Moscow and Los Angeles venture firm is still fundraising, but it already announced four investments and expects to close the fundraising at $50 million this fall to ensure continued investments.
The Games Fund is holding the lucky 13th position in the global gaming VC fund rating.
Games Ône measures some 15 professional venture capital firms that specialize in the sector. All were formed within a decade; there were no game-specific VC funds from 1972 to 2009. The assets under management for all 15 firms total $1.577 billion. That number will likely increase with subsequent vintages. Currently, funds are seeking to raise an additional $950 million this year.
TGF wants to be a bridge between international companies and local developers and help them integrate into the global gaming ecosystem. These four investments are typical of what we’ll see from The Games Fund.
“All of them show our strategy of investing in early-stage companies, free-to-play mobile game developers, young developers, based in Eastern Europe,” said Eremeev. “They are all different with some of them working in the casual space and others on the opposite side of the spectrum in midcore and hardcore games.”
Venture capital used to be a cottage industry, with very few investing in tomorrow's products and services. Oh, how times have changed!
While there are more startups than ever, there's also more money chasing them. In this series, we look at the new (or relatively new) VCs in the early stages: seed and Series A.
But just who are these funds and venture capitalists that run them? What kinds of investments do they like making, and how do they see themselves in the VC landscape?
The Games Fund has raised $50 million for a new game-focused venture capital fund for early-stage investing in both the U.S. and Europe. TGF aims to work with a pool of more than 5,000 established studio and game development teams in Central and Eastern Europe. Portfolio companies will be able to use the connections of the fund’s partners to draw on this often underutilized talent to create games with global appeal.