Los Angeles, CA-based investment firm The Games Fund launched a $50M early-stage investment fund focused on video game companies across Europe and the U.S.
The fund is backed by international games founders and investors including Avi and Gabi Shalel (founders of Plarium), Lev Leviev (founder of leading European social network VK.com), and Aream.
Led by managing partners Maria Kochmola and Ilya Eremeev, The Games Fund has already made its first investments, which will typically be around $2M per company for pre-seed to Series A rounds, and up to $5M total including follow-on rounds or in collaboration with other investors.
The fund also offers access to the vast pool of developers spread across the 5000+ established studios and game development teams in Central and Eastern Europe.
Among the general partners are GEM Capital and Sergey Titov, a founding employee and former Technical Director/CTO of Riot Games, creator of one of the world’s most widely-played gaming franchises, League of Legends.