Makers Fund has closed its largest fund, raising $500 million for innovations in interactive entertainment. This time the company will focus on early-stage investment, with the median check between $5 million and $10 million.
As Makers Fund founding partner Jay Chi told TechCrunch, the company now has more than $1 billion in assets. Entrepreneurs and game developers will be able to get checks from $500k to $40 million.
“The Makers Fund approach is to be a partner for entrepreneurs building innovative games, tools and technology that will define the next generation of interactive entertainment,” Chi said (via GamesBeat).
Makers Fund will provide devs with strategic guidance and a deep support system, including a network of advisors.
The company’s investment portfolio has grown to over 90 companies since 2016. The list includes Dream Games, tinyBuild, Parsec, and VRChat. Makers Fund’s core team consists of 26 people, working from offices in New York, San Francisco, Los Angeles, Singapore, and Tokyo.