The Games Fund — Full Portfolio
35 tracked investments · listed companies and verified rows first
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
Eschatology Entertainment is a Cyprus-based video game developer founded in 2022, building hardcore narrative-driven games set in an original apocalyptic game world.
GamingNicosia, CY
Fuad Kuliev-Smirnov(Founder)in
Co-investorsGEM CapitalKrafton
Playgama is a gaming platform that hosts browser-based games and also distributes titles on Steam for PC players seeking longer gaming sessions and native performance.
B2B MarketplacesDeveloper ToolsGamingMedia & EntertainmentDubai, AE
VyacheslavDmitry Kachmar(Founder)in
Co-investorsFJ LabsThe Open PlatformVelo Partners
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)inPrince Boakye Boampong(Executive Officer, Director)Roel Janssen(Director)
Co-investorsAPY Ventures
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
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
Ilia Eremeev(Founder)in
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)inEkaterina Bazhanova(Co-founder & Strategy Director)
Co-investorsGEM CapitalImpact46Ludus
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A game development studio that describes its workplace values around inclusion, flexibility, community, and play.
Gaming
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
Juicy Buttons is a game studio that develops video games centered on original ideas and interactive experiences.
GamingLimassol, CY
Cyprus-based game studio founded by ex-Pixonic executives building a cross-platform multiplayer mecha shooter.
Georgy Egorov(Founder)inOleg Poroshin(Founder)in
Co-investorsPlay Ventures
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)inBurcu Hakguder(Co-founder & CRO)in
Co-investors500 Emerging EuropeHummingbird VenturesLaton VenturesNew Enterprise Associates (NEA)
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 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
PlayPack is a game studio building social, cross-platform casual free-to-play mobile games.
Hendrik Demmer(Founder)in
Co-investorsPlay Ventures
Red Rover provides cloud-based HR and employee management software for K-12 school districts, including tools for absence management, time tracking, and hiring.
EdTechHR TechSaaS
MikeDani
Co-investorsBrighton Park CapitalTechstarsAcequia Capital (AceCap)Behold VenturesGEM CapitalLifelike Capital
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 VenturesGEM CapitalKrafton
Roar is an APAC-based venture builder that builds, acquires, and scales specialised companies across marketing, platforms, and AI, each focused on a specific niche and supported by shared infrastructure.
AI & Machine LearningMarketing TechEast Hanover, SG
Oksana Sokolovsky(Executive Officer, Director)Mustafa Kassim(Founder/CEO)in
Co-investorsHyperion VenturesGalaxy Interactive
Starkit Studio is a mobile game development studio that builds titles including Dragons World, Breaking Bad and Narcos-themed strategy games.
ConsumerGamingDover, US
Video game development studio based in Rennes, France, working on a viral ultra-realistic single-player game.
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
Vadim Komkov(Founder)in
Other
Tracked investments with no reachable website or further public details — typically companies that wound down, renamed, or were absorbed.
AY GamesDisplacementDRAMA StudiosHolmgard GamesJärviLayer AIMade on Earth GamesPurple GamesRoar GamesTenet of the Spark
Rows marked “SEC filing” are inferred from directors named on the company's SEC Form D — public regulatory data, not a portfolio list published by the firm.