– Makers Fund, a venture capital firm focused on interactive entertainment, has closed its $250 million Fund IV, bringing its total assets under management to $1.5 billion.
– Founded in 2016, Makers Fund was the first investor and largest shareholder in Dream Games, which was reportedly acquired by CVC for $5 billion.
– The firm’s $180 million Fund I has returned 3.6x invested capital, placing it among the top 1% of venture funds globally.
– Jay Chi, General Partner, said Fund IV doubles down on Makers’ belief that creators are the constant as the industry evolves, with founders navigating new user behaviors, distribution models and emerging technologies.
– Fund IV will continue Makers’ strategy of making high-conviction investments and partnering closely with leading interactive entertainment creators, while expanding beyond games into consumer apps, entertainment and creation platforms.
– Michael Cheung, General Partner, said Makers will continue adapting to the industry’s evolution, providing founders with different forms of capital including equity, project financing and marketing financing.
– With teams across London, Reykjavik, Tokyo, Singapore, New York and Los Angeles, Makers invests globally and across stages, targeting consumer products, platforms and services where entertainment is central to the experience.
