a16z launches $600 million fund to invest in gaming industry

Quick Take

  • a16z on Wednesday announced the launch of a $600 million fund dedicated to further building out the gaming industry.
  • The firm sees gaming as pivotal in “defining how we socialize, play, and work over the next century,” according to a blog post.

Venture capital firm Andreessen Horowitz (a16z) has raised $600 million to build the future of the gaming industry.

The firm has been investing in gaming for over a decade, but the new fund will "play a pivotal role in defining how we socialize, play, and work over the next century," the firm said in a blog post announcing the move.

With the new a16z fund, named "Games Fund One" the team plans on investing on various different themes within the gaming industry. First, investments will be focused on gaming studios. "These 'games-as-a-service' have become rich, interactive social networks, with players making in-game friendships that are just as meaningful as those made in-person," said the blog post, written by general partners Andrew Chen, Jonathan Lai, and James Gwertzman. 

The team will also be investing in player communities.  For example, social apps like Discord and Twitch were created for this purpose. Infrastructure will also be a key focus. 

"With GAMES FUND ONE, we will continue to add more functions and develop deeper networks that are tailored to the games ecosystem so we can help our portfolio companies with everything from building digital communities, to managing their virtual economies, to IP licensing best practices, to helping build their development teams," the team wrote.


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