A new video games fund called Transcend Fund has raised $50 million. The Fund will focus on investing in early-stage studios.
The fund is prepared to invest in projects in any genre and on any platform. Investments will range in size from $200,000 to $2 million. Those will mostly be made through seed investments or Series A rounds.
The fund is headed Shanti Bergel, who was in charge of product management and corporate development at Electronic Arts, FunPlus, Playfish, and Gree.