Vgames raises $142m for third fund to back global game studios

Investment fund Vgames has raised $142 million to help studios around the world grow.

The fund will continue to invest in companies at various stages, supporting promising founders as they expand their teams and projects globally.

Since its launch in March 2020, Vgames has invested in 38 companies globally. The team is led by founder Eitan Reisel, partner Daniel Mironov, COO David Digmi and Riki Papa Pnini who leads investor relations and marketing. 

The fund has invested in companies like InnPlay Labs, SuperPlay, 1047 Games, and Candivore. Vgames said it invests at all stages and offers non-dilutive financing as an alternative to equity.

Investing in teams

“We are proud to be among the leading investors in gaming globally. Privileged to back talented founders from early days to later stages,” said Reisel. “Vgames has led early stage investments in companies while also leading mega rounds in some of its portfolio. 

“From day one we aimed to be a very founder-centric fund. My belief is that the more support our founders have, the better we are. I am very confident in the model we have built and proud to be backing top entrepreneurs globally from, Israel, Middle East, Europe, US, and soon-to-be additional parts of the globe. Our founders are our success.” 

Vgames partner Mironov added: “We invest in teams, content and believe in a data-driven approach. Depending on the stage of the company we analyse the genre, metrics if applicable and growth opportunity, and based on that drive our investment decisions.

“We are seeking for the strongest teams out there, teams that are not afraid to think big and tackle red ocean opportunities. We often get asked whether we invest in mobile/PC/consoles.

“Our answer has been consistent: We have a content-first approach. So, as long as players enjoy playing, as long as there is a strong business model to back it and as long as there’s great potential, we would love to explore.”