Fundraising Fox

The Games Fund

Venture capital

New York · Pre-Seed–Series B · 6 people tracked

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Investment thesis

Invests in video game startups—AA-budget titles ($5–15M)—willing to lead very early, focused on emerging markets (Eastern/Central Europe, Cyprus, Nordics, MENAT), and offers hands-on advising from ex-developers/operators.

Source: firm website, verified Aug 7, 2026.

Stage
Pre-Seed–Series B
HQ
New York, US
Leads rounds
Follows
Instruments
Equity
Tracked investments
23

Team · 6 people

from public directories

What they invest in

from 14 of 23 portfolio companies

Gaming ×14Consumer ×3Media & Entertainment ×2AI & Machine Learning ×1Creator Economy ×1Developer Tools ×1Marketing Tech ×1

HQs:United States×5Cyprus×2Poland×2United Arab Emirates×1Finland×1Norway×1

Investments · 23 tracked

founders shown can be your intro path

By year:2024 · 12021 · 12020 · 13 dated

Eeee.gamesin✓ verified

Eschatology Entertainment is a game development studio building "Guns of Eschaton," a Souls-like first-person shooter set in an apocalyptic Western world with occult horror themes, playable solo or in co-op.

GamingNicosia, CY

Co-investorsGEM CapitalKrafton

Spektra Gamesspektra.gamesinSep 2021✓ verified

Spektra Games is a mobile game developer and publisher that handles development and publishing in-house, focused on racing and simulation titles such as Parking Master Multiplayer 2 and Highway Racer Pro.

ConsumerGamingNew York, US

Kadir Danisman(Founder)Prince Boakye Boampong(Executive Officer, Director)Roel Janssen(Director)

Co-investorsAPY Ventures

Dark Passengerdarkpassenger.euin𝕏

Dark Passenger is a Warsaw-based indie game studio, formed by developers who previously worked on titles such as The Witcher 3 and Cyberpunk 2077 and operated the studio RealTime Warriors.

GamingWarsaw, PL

Displacement

Cyprus-based games company focused on developing a psychological action-horror game.

Gamesfundgamesfund.vcin𝕏

The Games Fund (TGF) is an early-stage venture capital firm founded by video game industry veterans that invests in game developers, gaming technologies, and services.

GamingNew York, US

Hypemastershypemasters.cominMay 2020

Hypemasters is a game development studio that builds free-to-play strategy games, including World War Armies (WWA), for global players across PC and mobile.

GamingDover, US

Boris Kalmykov(Co-founder & CEO)Ekaterina Bazhanova(Co-founder & Strategy Director)

Included Gamesincluded.games

Mobile game development company creating multiplayer, push-your-luck dungeon explorer games.

Jarvigamesjarvigames.comin

Jarvi Games is developing Flex City, a massively multiplayer online open-world game centered on social interaction, where players explore, communicate, and take on roles such as laborer, businessman, taxi driver, or racer.

Gaming

Co-investorsPlay Ventures

Kekentertainmentkekentertainment.com
Layerlayer.aiin𝕏

Layer is a creative automation platform that uses AI to help game studios scale production across the asset creation lifecycle.

AI & Machine LearningCreator EconomyGamingMarketing TechSan Francisco, US

Volkan Gurel(Co-founder & CEO)Burcu Hakguder(Co-founder & CRO)

Co-investors500 Emerging EuropeHummingbird VenturesLaton VenturesNew Enterprise Associates (NEA)

Madcurvemadcurve.comin𝕏
Madeonearthmadeonearth.games
Obelisk Studioobeliskstd.comin

Obelisk Studio is an outsourcing unit and game studio that produces assets for games, film, and cinematics, including high-fidelity props and realistic characters.

GamingMedia & Entertainment

Order Of Metaorderofmeta.comin

Order of Meta is a game development studio made up of professional game creators focused on mid-core and hardcore genres.

GamingEspoo, FI

Alexey Kuzin(Founder)

Co-investorsCrit VenturesPlay Ventures

Playgamaplaygama.comin𝕏

Playgama is a browser-based platform offering over 10,000 free HTML5/WebGL games playable on desktop, tablet, and mobile without downloads, and provides developers with an open-source Bridge SDK, monetization tools, and analytics to publish across web gaming platforms.

Developer ToolsGamingMedia & EntertainmentDubai, AE

Co-investorsThe Open Platform

Playpackplaypack.gamesin

PlayPack is a game studio building social, cross-platform casual free-to-play mobile games.

Hendrik Demmer(Founder)in

Co-investorsPlay Ventures

Purple Gamespurple.games
Red Rover Interactiveredroverinteractive.comin𝕏Apr 2024 · $15M

Red Rover Interactive is a game development studio that builds multiplayer survival experiences focused on player agency, social interaction, and emergent gameplay.

GamingOslo, NO

Co-investorsAcequia Capital (AceCap)Behold VenturesLifelike CapitalTIRTA VenturesKrafton

Starkitstarkitstudio.com

Starkit Studio is a mobile game development studio that builds titles including Dragons World, Breaking Bad and Narcos-themed strategy games.

ConsumerGamingDover, US

Studiosdramastudiosdrama.com

Video game development studio based in Rennes, France, working on a viral ultra-realistic single-player game.

Tenet of the Spark

Third-person action title developed by a talented team based in Georgia and across Europe.

Vandrouka Gamesvandrouka.gamesin

Vandrouka Games is a mobile game studio that develops casual games, including "Merge Islanders", a free-to-play merge-2 game with island exploration and story elements.

ConsumerGamingLimassol, CY

ZAKAZANEzakazane.studioin

ZAKAZANE is a video game development studio building narrative-driven titles for mature audiences, with a focus on projects with a distinct identity.

GamingWarsaw, PL

Portfolio news

latest coverage across their companies

Frequently asked questions

How many investments has The Games Fund made?
The Games Fund has 26 tracked investments.
What stage does The Games Fund invest at?
The Games Fund invests at the Pre-Seed, Seed, Series A, Series B stages.
What sectors does The Games Fund focus on?
The Games Fund focuses on AI & Machine Learning, Gaming, Impact & Social Good, Media & Entertainment, SaaS.
Where is The Games Fund located?
The Games Fund is headquartered in New York, US.
Does The Games Fund lead rounds?
The Games Fund typically participates in rounds rather than leading them.
Who does The Games Fund co-invest with?
The Games Fund most often shares deals with Play Ventures, Crit Ventures, Hummingbird Ventures, among 10 tracked co-investors.

Images

The Games Fund photo

Co-investors · 2

Plug and Play Ventures

Plug and Play is an innovation platform that connects corporations, governments, startups, investors, and universities to drive innovation.

$50K – $12M
Breakpoint Capital

Breakpoint Capital is a seed-stage venture firm that invests from company inception through Series A, pairing capital with hands-on operational support as company builders.

Firms observed investing alongside The Games Fund, from public investor directories. Shared companies are the overlap with The Games Fund's recorded portfolio.

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