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Makers Fund Picks Up $500M For Interactive Entertainment

Illustration of man floating in the metaverse.

It seems like all of us could use a little more time in a simulated universe with none of the travails of the world we actually inhabit. That’s probably one reason the interactive gaming space has been such a hot commodity lately.

Today, one of the larger early-stage investors in the space signaled that activity won’t be slowing down either. , a mostly early-stage investor in the interactive gaming space, reportedly raised $500 million in a third fund that will write checks in the $500,000 to $40 million range.Ìý

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It’s the largest fund to date for Makers, which raised its first fund, a $200 million vehicle, in 2018. Since then the firm has backed at least 72 known funding rounds across the globe, per ºìÌÒÊÓÆµ data. Deals this year include rounds for India-based trivia game show app , Miami-based user-generated content gaming upstart and London-based esports betting company .Ìý

The new fundraise follows a period of stepped-up dealmaking and ballooning valuations for the gaming space. This year started on a peppy note with in January announcing plans to acquire for $70 billion, its largest acquisition ever. A week earlier, announced it will acquire mobile social gaming company for $12.4 billion.Ìý

Consolidation in the gaming industry also boomed in 2021. According to ºìÌÒÊÓÆµ data, last year was the busiest year for acquisitions of gaming companies globally in at least a decade, with about 180 companies related to online games and video games acquired.

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