The Tel Aviv, Israel-based fund raised a total of 60 million dollars in March 2020 to invest in game studios in Europe and Israel. VGames will continue to focus on Israel, but expand with more than ever to invest in a talented game team around the world. This fund will invest in games studios across various stages, supporting talented founders and supporting them as they grow. After the rapid deployment of our first fund, we’re more confident and ready to double our swarm of cash. VGames CEO, Eitan Reisel, said in a statement. Since the launch of VGames in March 2020, the funds have invested in 21 companies around the world. This makes it a global gaming club. Notable investments include the company 1047, Candivore, SuperPlay and MPL amongst others. Above: Vgames changing logos. Image Credit: Vgames From the beginning of the day we decided to build on a very founder-centric fund. My belief is that with the more support our founders have, the better we’re, said Reisel, former chief of Google Israel. I’m very confident in the model we built and proud that we are supporting top entrepreneurs globally from India, Israel, Europe, America and soon to other parts of the world. Our founders are our success. The VGames team includes Daniel Mironov, director, game expert, and Reisel. The fund’s hands-on team allows the fund to execute quickly, while maintaining a trusted investment-entrepreneur relationship. The fund, too stage agnostic, invests in the early days of the company from the introduction of a, to the expansion rounds. We have invested in teams, content and have invested in data-driven methods, a statement argued Mironov. We analyze the kinds of products we need, whether these happen and whether it be for determining the market outcome, or if this is for determining the growth opportunity, and how we’ll make any decisions. The game market is not a simple trade. When asked if we invest in mobile/PC/console, and recently, in crypto, said Mironov. Our answer was consistent. We have a content-first approach. So, as long as players enjoy playing, as long as they do, a strong business model for that and as long as there’s a lot of opportunities, we would like to explore. VGames will take on the same investment rhythm, and deploy capital soon, so that it grows the portfolio, and support existing portfolios. VGames has launched a new brand, which will reflect their key values and their speed.
