Andreessen Horowitz Launches $600M Fund Focused on Metaverse Games


Looking to expand its reach into gaming, venture capital firm Andreessen Horowitz (a16z) announced today the launch of GAMES FUND ONE, which will invest $600 million across the industry.

Games will continue to play a pivotal role in how people socialize, play, and work in the future, and the fund will invest in game studios, game and customer experiences, and infrastructure, a16z said.

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“Over the past decade, games have undergone a radical transformation, from simply being packaged entertainment to becoming online services that more closely resemble social networks and scale like consumer technology companies,” a16z said in a statement.

Joining Andreessen Horowitz in the fund are David Baszucki, founder of Roblox; Jason Citron, founder of Discord; Marc Merrill, co-founder of Riot Games; Mike Morhaime, co-founder of Blizzard; Aleks Larsen and Jeffrey Zirlin, co-founders of Sky Mavis; Kevin Lin, co-founder of Twitch; Mark Pincus, founder of Zynga; and Riccardo Zacconi, founder of King.

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A16z pointed to the success of games with massive social followings, such as Fortnite, League of Legends, and Minecraft. In 2021, the gaming industry raked in over $300 billion, according to a report by research firm Naavik.

“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,” a16z said.

Earlier this month, a16z partnered with Coatue, Greenfield One, Liberty City Ventures, Digital Currency Group, and Dapper Ventures in a $725 Million Ecosystem Fund to support developers building on the Flow Blockchain.

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