Shulou(Shulou.com)05/31 Report--

VGames raised a second fund totaling $141 million to invest in game studios.

The Tel Aviv, Israel-based fund raised $60 million in March 2020 to invest in game studios in Europe and Israel. For now, VGames will continue to focus on Israel, but will also expand to invest in talented gaming teams around the world.

The fund will invest in different stages of game studios to support talented founders and their growth.

"after the rapid deployment of our first fund, we are now more confident and ready to redouble our efforts," Eitan Reisel, managing partner of VGames, said in a statement. " From the beginning, our goal was to become a very founder-centric fund. My belief is that the more support our founders get, the better we will be, "said Reisel, a former head of Google Israel." I have great confidence in the model we have built, and I am proud to be able to support the world's top entrepreneurs from Israel, Europe, the United States and the rest of the world. Our founder is our success. "

The VGames team includes leaders and game experts Daniel Mironov and Reisel. This hands-on team enables the fund to implement decisions quickly while maintaining a trusted investor-entrepreneur relationship. The fund is also phase-agnostic, investing in the early stages of the company until round An and growth rounds.

"We invest in teams, content and believe in data-driven approaches," Mironov said in a statement. "depending on the stage of the company, we analyze types, indicators (if applicable) and growth opportunities, and drive our investment decisions on that basis."

With irreplaceable tokens (NFT) and Web 3, as well as new types of content, the game market is even more exciting, he said.

"We are often asked if we have invested in mobile / PC/ consoles and whether we have recently invested in encrypted games," Mr. Mironov said. "our answer is the same: we take a content-first approach. So, as long as players like to play games, as long as there is a strong business model to support, as long as there is great potential, we are willing to explore."

VGames will adhere to the same investment pace and quickly deploy funds to expand its portfolio and support its existing portfolio. In order to adapt to the fast pace and trend of the industry, VGames has launched a new brand logo to better represent its key value and speed.

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