Santa Monica-based venture capital company March Capital has launched an investment fund for gaming startups. Its size is $60 million.
The company announced the launch of the March Gaming Fund in its official blog. The new fund will invest in entrepreneurs engaged in the development of game content, technologies and infrastructure.
According to the executives, March Gaming will pay most attention to gaming companies from North America, but does not exclude that it will consider other countries in the future. In addition, March Gaming will conduct all investments only during the seeding round and the Series A round.
The fund will be headed by Gregory Milken, co-founder and managing partner of March Capital.
“We had two funds that were engaged in venture capital investment,” Milken said. “They were partially invested in games that are in the early stages of development. But then we decided that it would be better if a separate team took over the games. That way we’ll spend more time with them and really focus on them.”
Previously, March Capital has already invested in the gaming industry. She has supported Genvid Technologies, Immortals Gaming Club, Nifty Games, Knock Knock and Dorian. Which specific companies will be included in the March Gaming Fund portfolio has not yet been announced.
Also on the topic:
- The Betastage Capital fund is ready to invest in games from $ 50 thousand. Among the conditions — the already existing profit
- Humble Bundle Store to Create $1 Million Fund for Black Developers
- Sony to Create $10 Million Fund to Support Indies Affected by COVID-19
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