Top VCs / December 14, 2023
Asaf Fybish

As a growth marketing expert, Asaf helps startups driving scalable growth through data-driven strategies and innovative marketing techniques.

Top Gaming VCs To Watch in 2024

Gaming as an industry has turned into something that many wrote off as a fad when it first came around, into a mammoth industry that is now rivalling the likes of the film industry. Of course, in order to prompt further growth in the sector, top VC funding is needed. Top gaming VCs are now consistently putting their money behind top startups and gaming businesses.



1. Galaxy Interactive

Year Founded: 2018

HQ: New York, USA

Size: 1-10

Founders: Mike Novogratz, Sam Englebardt

Galaxy Interactive is a gaming VC firm that was founded in 2018 and is currently based in New York, USA. The firm puts its money into technology companies and those that focus on interactive media across a variety of different funding stages in the lives of the businesses that it invests in.

Since the VC firm was founded three years ago, it has managed a single investment fund. The use of this investment fund has allowed the team to make a series of 65 investments into startups. As it stands currently, the business has only exited from one of its investments.

2. Makers Fund

Year Founded: 2017

HQ: San Francisco, USA

Size: 1-10

Founders: Jay Chi

Makers Fund is an American VC firm that was founded in 2017 and is currently based in San Francisco, USA. The company focuses its efforts on startups in the early stages of their development. These investments are focused on businesses in the interactive entertainment sector, which includes gaming.

Since the firm was founded four years ago, it has managed a sole investment fund. The use of this investment fund has allowed the business to make a series of 57 investments into startups. At the time of writing, the business has successfully exited from six of its investments.

3. BITKRAFT Ventures

Year Founded: 2015

HQ: San Francisco, USA

Size: 11-50

Founders: Jens Hilgers, Malte Barth, Markus Fuhrmann, Scott Rupp

BITKRAFT Ventures is an American gaming VC that was founded in 2015 and is currently based in San Francisco, California. The business provides early-stage and seed investment to businesses and startups in the sectors of gaming, Esports and interactive media- with offices across the globe.

Since the VC firm was founded six years ago, it has managed a total of three investment funds. Through these funds, the business has been able to make a total of 67 investments into new businesses. At this time, the company has exited from two of its investments.

4. London Venture Partners

Year Founded: 2010

HQ: London, England

Size: 1-10

Founders: David Gardner, David Lau-Kee, Paul Heydon

London Venture Partners is an English VC firm that was founded in 2010 and is currently based in London. The firm is solely focused on providing investment for the gaming sector and ecosystem. This investment comes in the form of seed funding and early-stage investment to help startups to get their idea off of the ground.

Since the business was founded just over a decade ago, it has managed a total of three investment funds. The use of these investment funds has allowed the company to make a series of 71 investments. At the time of writing, the business has successfully exited from twelve of its investments.

5. Tencent

Year Founded: 1998

HQ: Shenzhen, China

Size: 10000+

Founders: Charles Chen, Chenye Xu, Jason Zeng, Pony Ma, Zhidong Zhang

Tencent is a Chinese company that is heavily involved in providing VC funding for the gaming industry across a variety of different funding stages. The business was founded in 1998 and is based in Shenzhen. Some examples of games involving Tencent are Call of Duty Mobile and Call of Duty Online.

Since Tencent was founded it has made 621 investments into various companies, with a large number of gaming companies included in those investments. Of these investments, the company has made an exit from 113 of these investments.

6. Creandum 

Year Founded: 2003

HQ: Stockholm, Sweden

Size: 11-50

Creandum is a Swedish VC firm that was founded in 2003 and is currently based in Stockholm, Sweden. The business focuses its investment operations on technology companies providing both enterprise and consumer software, with also includes investments into the gaming industry.

Since the firm was founded in 2003, it has made a large number of investments, with 183 being made in that time. At the time of writing, the business has successfully made an exit from 33 of its investments.

7. Benchmark

Year Founded: 1995

HQ: San Francisco, USA

Size: 11-50

Founders: Bob Kagle, Kevin Harvey

Benchmark is an American VC firm that was founded in 1995 and is currently based in San Francisco, California. The company invests in a variety of different technology companies and has also been known to make investments into businesses operating in the gaming industry among others.

Since the firm was founded in the 90s, it has managed a total of six investment funds. The use of these funds has allowed the company to make a total of 629 investments into growing businesses. From these investments, the company has successfully made an exit from 170 of these investments.

8. WestSummit Capital

Year Founded: 2009

HQ: Menlo Park, USA

Size: 11-50

Founders: Datong Chen, Raymond Yang

WestSummit Capital is an American VC firm that was founded in 2009 and is currently based in Menlo Park, California. The company focuses its investment on technology companies in North America and China, with notable investments also being made in the gaming industry, which justifies the inclusion on this list.

Since the company was founded twelve years ago, it has managed three investment funds. The use of these funds has given the company the capability to make 35 investments into these types of businesses. From these investments, the company has made an exit from 13 of its investments.

9. MGVC

Year Founded: 2020

HQ: Moscow, Russia

Size: 1-10

Founders: Ilya Karpinski

MGVC is a Russian Gaming VC that was founded in 2020 and is currently based in the Russian capital of Moscow. The company was established to support the development and growth of new gaming companies within the country. The firm's team has a wealth of experience in the gaming industry and this is a benefit to the companies that they help.

Since the business was founded last year, it has already managed an investment fund. The use of this fund has allowed the firm to make a total of nine investments. As it stands, the company has not yet made an exit from any of its investments.

10. Transcend Fund

Year Founded: 2020

HQ: The company operates remotely with team members around the world

Size: 1-10

Founders: Shanti Bergel

Transcend Fund is an American gaming VC that was founded in 2020 in San Francisco, California. The company focuses its investments efforts on gaming companies and those that work in interactive entertainment. This funding comes in the early stage of these businesses' development, helping them to reach the next level.

Since the business was founded, it has already been active in making investments. The company has made a total of twenty-one investments into startups and has not made an exit from any of these investments at the time of writing.

11. LEGO Ventures

Year Founded: 2018

HQ: Billund, Denmark

Size: 11-50

Founders: LEGO

Lego Ventures is a Dutch VC firm that was founded in 2018 and is a sub-organization of the globally known LEGO company. The company leverages its resources to invest in businesses at the forefront of creativity, learning and gaming. The aim is to help children to learn and develop through playing digitally.

Since the firm was founded three years ago, it has made a series of 11 investments into the sector. From these investments, the company has currently made an exit from two of these investments.

12. Velo Partners 

Year Founded: 2013

HQ: London, England

Size: 1-10

Founders: Evan Hoff

Velo Partners is an English VC firm that was founded in 2013 and is currently based in the capital city of England, London. The business provides seed and Series A funding for businesses in the gaming and gambling sectors. These investments are not limited to the UK and are also global in nature.

Since the business was founded eight years ago, it has made a total of 31 investments into growing companies. Furthermore, the company has also been active in acquisitions, having taken over another business. In that time, the company has made an exit from three of these investments.

13. Remagine Ventures

Year Founded: 2017

HQ: Tel Aviv, Israel

Size: 1-10

Founders: Eze Vidra, Kevin Baxpehler

Remagine Ventures is an Israeli VC firm that was founded in 2017 and is currently based in Tel Aviv. The company invests in a variety of different tech companies, which includes businesses involved in digital entertainment. The startup funding that comes through in this manner is early-stage funding.

Since the business was founded four years ago, it has managed a pair of investment funds. These investment funds have allowed the company to make a series of nine investments in that time. As it stands, the business has not yet made an exit from any of its investments.

14. Gamerforce Ventures

Year Founded: 2019

HQ: Singapore

Size: 1-10

Founders: Lance Quek

Gamerforce Ventures is a Singaporean gaming VC that was founded in 2019 and is currently based in Singapore. The company provides investment for the Esports and gaming scenes, in addition to technical support. This investment commonly comes between the seed funding stage and Series A Funding.

Since the business was founded two years ago, it has managed a pair of investment funds. From these investment funds, the company has made a series of three investments into this sector. At this time, the business has not made an exit from any of its investments.

15. 1Up Ventures

Year Founded: 2019

HQ: Kirkland, USA

Size: 1-10

Founders: Ed Fries

1Up Ventures is an American gaming VC firm that was founded in 2019 and is currently based in Kirkland, USA. The company is run by people with vast experience in the gaming industry and the provision of investment support is coupled with technical support and industry knowledge to help these businesses to get to the next level.

Since the business was founded in 2019, it has made a series of 20 investments into these types of companies.

16. Lumikai

Year Founded: 2019

HQ: New Delhi, India

Size: 1-10

Founders: Justin Shriram Keeling

Lumikai is an Indian gaming VC firm that was founded in 2019 and is currently based in New Delhi, India. The company claims to be the first gaming and interactive media VC in India. The company focuses its investment on early-stage investment into these businesses and has already seen some success.

Since the business was founded two years ago, it has managed a sole investment fund. The use of this fund has allowed the business to make a series of five investments. As it stands, the company has also made an exit from a single investment.

17. Konvoy Ventures

Year Founded: 2019

HQ: Denver, USA

Size: 1-10

Founders: Jackson Vaughan, Jason Chapman, Josh Chapman

Konvoy Ventures is an American gaming Venture Capital firm that was founded in 2019 and is currently based in Denver, Colorado. The VC fund is dedicated to making investments into gaming and Esports, with the investment primarily coming during the early stage of a business's life cycle.

Since the business was founded two years ago, it has managed a sole investment fund. The use of this investment fund has allowed the company to make a series of 23 investments into gaming companies. In that time, the business has also successfully made an exit from two of these investments.

18. Hiro Capital

Year Founded: 2019

HQ: Luxembourg

Size: 1-10

Founders: Luke Alvarez, Cherry Freeman, Ian Livingstone

Hiro Capital is a gaming VC firm from Luxembourg that was founded in 2019 and is still based in the country. The company focuses its investment efforts on Esports, gaming and digital sports. The company tends to make investments during the Series A and Series B stages of investment and has a Europe-wide presence.

Since the business was founded two years ago, it has managed a sole investment fund. The use of this investment fund has allowed Hiro Capital to make a total of 19 investments into gaming companies. From these investments, the company has successfully made an exit from one of its investments.

19. VGames

Year Founded: 2020

HQ: Tel Aviv, Israel

Size: 1-10

Founders: Eitan Reisal

VGames is an Israeli VC firm that was founded in 2020 and is currently based in Tel Aviv, Israel. The VC firm is dedicated solely to the development of gaming companies and provides funding during the early stages of these companies development. In addition to funding, these companies get additional soft support from the VC firm.

Since the firm was founded last year, it has managed a sole investment fund. The use of this investment fund has allowed the company to make a series of six investments into gaming companies. As it stands, the business has not yet made an exit from any of its investments.

20. Griffin Gaming Partners

Year Founded: 2019

HQ: Los Angeles, Mexico

Size: 1-10

Founders: Daniel Engelhardt

Griffin Gaming Partners is a VC firm that was founded in 2019 and is currently based in Los Angeles, Mexico. The company focuses its investment efforts on the overall gaming industry and ecosystem. This investment is provided across a variety of different funding stages to help these businesses to grow.

Since the firm was founded two years ago, it has managed a sole investment fund. The use of this investment fund has allowed the business to make a series of 15 investments. As it stands, the business has only exited from a single investment.

21. Play Ventures

Year Founded: 2018

HQ: Grand Cayman, Cayman Islands

Size: 1-10

Founders: Harri Manninen, Henric Suuronen

Play Ventures is a gaming VC firm that was founded in 2018 and is currently based in the Cayman Islands. The company provides a global investment presence for the gaming ecosystem.

Since the business was founded three years ago, it has managed a pair of investment funds. The use of these funds has allowed the company to make a series of 28 investments into gaming startups. As it stands, the company has only made an exit from one of its investments.


FAQs

How Much Is The Gaming Industry Worth?

In 2020, the global gaming market was worth $173.70 Billion, with this value expected to grow $314.40 Billion by the year 2026.

How Much Money is Invested in Gaming?

During 2020, the gaming industry saw a total investment of $33.6 Billion, which was made through a series of 664 total transactions. This represents a large increase from a few years ago.

How Many Game Developers Are There?

There are more game development studios around than you may think, with more than 2300 in the USA alone. There are also more than 500 publishers, meaning there is a lot of competition, but also many opportunities for collaboration.

Top Gaming VCs To Watch...
Asaf Fybish

As a growth marketing expert, Asaf helps startups driving scalable growth through data-driven strategies and innovative marketing techniques.