The Games Fund Launched a $50 Million Early Investment Fund to Invest in American and European Companies
The Games Fund (TGF), a Russian venture capital fund for the game industry, announced on April 14 that it would launch a $50 million early investment fund to provide support for European and American video game companies.
According to TGF, the company mainly participates in early-stage investment, with an investment amount of about $2 million between the seed round and the A round. If the project needs follow-up financing, or if TGF has further cooperation plans with other investors, the maximum investment amount can reach $5 million. The company said that the first batch of investment has been completed, but did not disclose its specific investment objects.
It is reported that the partners of TGF are Sergey Titov (a founding employee of Riot Games, former technical director and chief technology officer of the company) and Alexander Bykhovskiy (former investment director of Gazprom gazenergoset).
In addition, TGF has a pair of managing partners, Maria Kochmola and Ilya Eremeev. Kochmola has served as the investment director of VentureCaptial, the investment arm of My.Games, since its establishment in 2017; and Eremeev also joined MGVC in 2018 as a senior invited producer.
Kochmola said: “Games have become the largest market segment in the mainstream entertainment industry, which has experienced explosive growth in the past year and is expected to accelerate further in 2021 and beyond.”
OTHER NEWS
-
- Apple VS Epic: The Reason for Their Lawsuit
- By Joyce 24 Apr,2023
-
- Cash: from the Most Popular Payment Method to the Least-used One
- By Shawn 24 Apr,2023
-
- Can Data Lie? Social Media Titans’ Super-Speed Recovery and the Pervasive Disputes (III)
- By Clark 24 Apr,2023
-
- Facebook Adds Carts to WhatsApp to Make Shopping Easier
- By King 24 Apr,2023
-
- Africa declared the total eradication of wild poliovirus
- By Sarah 24 Apr,2023
-
- Quibi- Who Had Burn $10 Billion, Went Bankrupt
- By Clarence 24 Apr,2023
-
- Coronavirus can cut cardiac fibroblasts into pieces
- By Karen 24 Apr,2023
-
- Watch Dogs: Legion Review II
- By Cynthia 24 Apr,2023
-
- HUAWEI Mate 40 Series are Launched, Priced at EUR 899
- By Antonio 24 Apr,2023
-
- Playing video games as a child is proven to bring lasting improvement in cognitive ability
- By Jacqueline 24 Apr,2023
-
- How to Get Free Gold Bars in Candy Crush?
- By Davis 24 Apr,2023
-
- Ninja Van Put E-Payment Online in Myanmar
- By Katherine 24 Apr,2023