Makers Fund has secured $250 million in its fourth funding round aimed at aiding startups in the interactive entertainment sector

Makers Fund, a venture capital firm, has successfully raised $250 million to support startups in the gaming and interactive entertainment sectors, increasing its total assets to $1.5 billion.

Established in 2016, Makers Fund initially gathered $180 million and has since achieved a 3.6x return on its investments. This includes a significant investment in Dream Games, a Turkish mobile developer valued at nearly $5 billion last year following CVC's strategic investment.

Following a landmark $500 million fundraising in 2022, the firm aims to support "leading interactive entertainment creators" with its fourth fund, expanding into areas such as consumer apps and creative platforms beyond traditional gaming.

In addition to investing in FaceIt before its acquisition by Savvy Gaming Group in 2022, Makers Fund has supported Voldex, a major publisher on Roblox.

The firm is broadening its support to include companies within the wider interactive entertainment field, such as the AI platform PixAI and Medal.tv, which aids AI research via collaboration with General Intuition.

General partner Jay Chi emphasized the firm's foundational belief in the enduring role of creators, stating: "Fund 4 is a commitment to backing the companies that will define emerging trends amid evolving technologies and user behaviors."

Michael Cheung, another general partner, commented on the industry's continuous evolution, adding: "Our approach adapts with the industry, providing equity, project and marketing financing to help founders build lasting companies."