Michael Cheung
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Makers Fund raises $250m in fourth round to support interactive entertainment startups
Venture capital firm Makers Fund has raised $250 million in its fourth funding round, bringing its total assets under management to $1.5 billion. The firm will invest in startups focused on games and interactive entertainment, expanding beyond its initial focus to include consumer apps and creation platforms. Makers Fund has a history of successful investments, including Dream Games and FaceIt.
Turkish mobile developer Vento Games secures $4m in seed round funding
Turkish mobile game developer Vento Games, founded by former executives from Peak Games, Fungo, and Zynga, has secured $4 million in seed funding. The round was led by Makers Fund and Arcadia Gaming Partners and will be used to accelerate the growth of their portfolio of mobile puzzle games and create new titles. CEO Mustafa Dağlı stated the company focuses on creating innovative, family-friendly puzzle games that are mentally stimulating and spark joy.