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.”
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