A group of investors have raised $200 million to set up the Makers Fund targeting investment in the interactive entertainment industry.
The fund is headed up by industry veteran Jay Chi (pictured) and former Tencent senior director Michael Cheung. Its team and advisors also includes CeCe Cheng, Ryann Lai, Kevin Ji, Richie Zhu and Ryan Payton.
The group has already invested in 11 companies across North America and Europe, including UK developer Bossa Studios, market intelligence firm SuperData, SpeedRunners publisher TinyBuild and streaming service Genvid Technologies.
"We hope it inspires other investment"
According to Venturebeat, the Makers Fund won’t just invest in games, but the interactive entertainment sector as a whole, which covers streaming, esports, extended reality and other areas.
“This is an exciting time for our team and partners, in large part because we believe Makers Fund will incite positive change in this industry we care so deeply about,” said the Makers Fund’s Jay Chi in a post on Medium.
“While the size of the fund is healthy, we alone cannot supercharge the industry’s growth trajectory. Rather, if the fund proves successful, we hope it inspires other investment institutions and corporate strategics (in and outside the industry) to fully engage and more effectively navigate this dynamic and fast-moving business.”