FirstLook Team
· 4 min read
25+ Venture Capital Firms Funding Indie Games
Finding funding for your game can be tough, but there are a handful of ways one can go about getting funding. One of which, is through Venture Capital (VC). Now, it’s good to note that VC in gaming has decreased quite a bit in recent years, but there are still VC firms out there investing in indie games.
What is a Venture Capital firm?#
Venture Capital (VC) is a type of investment where firms or individuals fund early-stage or high-growth startups in exchange for equity (ownership) in the company.
How does VC work?#
- A startup raises money from a VC firm.
- In return, the VC gets **shares **in the company.
- The VC helps the company grow (advice, network, hiring, etc.).
- If the company succeeds (e.g., gets acquired or goes public), the VC profits by selling their shares
- If the startup fails, the VC may lose their investment.
Who is VC for?#
- **Startups, **especially those that want to grow fast and need significant funding.
- **Founders **willing to give up some ownership for capital and support.
- Investors (VCs) looking for big returns from a small number of successful companies.
With all of that out of the way, let’s dive in:
| Name | Location | What They Focus on | Notable Investments | Website |
|---|---|---|---|---|
| Griffin Gaming Partners | Santa Monica, USA | Pure-play gaming VC (content, platforms, infrastructure, web3) | Second Dinner, Amplitude Studios, Shrapnel | https://griffingp.com/ |
| Makers Fund | Global | Early & growth-stage gaming, platforms, tools | Dream Games, AviaGames, Build a Rocket Boy | https://makersfund.com |
| BITKRAFT Ventures | Global | Gaming, esports, web3, immersive tech (Seed–Series B) | Epic Games (indirect), CCP Games, Frost Giant | https://www.bitkraft.vc |
| a16z | Menlo Park, USA | Broad tech + dedicated games/web3 fund | Roblox, Sky Mavis, Fortnite ecosystem bets | https://a16z.com/ |
| Galaxy Interactive | New York, USA | Gaming, social, web3, digital assets | Mythical Games, Genvid, GreenPark Sports | https://www.galaxy.com/interactive |
| Hiro Capital | London & Luxembourg | Games, esports, creator economy, metaverse tech | Keen Games, Snowprint Studios | https://hiro.capital/ |
| Lightspeed Gaming | Global | Large-scale gaming & interactive media investing | Epic Games, Scopely, Gardens Interactive | https://lsvp.com/ |
| Play Ventures | Singapore | Free-to-play, mobile gaming, emerging markets | BoomBit, Carry1st, Century Games | https://play.vc |
| Konvoy Ventures | Denver, USA | Gaming, platforms, tools, esports | Discord, Sky Mavis, Dapper Labs | https://www.konvoy.vc/ |
| vgames | Israel | Early-stage gaming startups | Candivore, Frantic Games | https://vgames.vc |
| London Venture Partners | London, UK | Early-stage gaming startups | Unity, Playdemic | https://lvp.vc |
| Dune Ventures | London, UK | Gaming + consumer tech | A Plague Tale, TrackMania, Farm Sim | https://dune.vc/ |
| Lumikai Fund | Germany, 2007, adventure niche specialist | Indie/adventure publishing, support | Deponia, Lord of the Rings: Gollum | info@daedalic.com |
| MGVC | Netherlands, 2009, strategy/sim specialist, PC-focused, global reach | PC/strategy-focused, global | Starpoint Gemini, Circle Empires | contact@iceberg-games.com |
| Mechanism Play | USA, 2026, Triple-I indie games | Marketing, funding | Threads of Time, Billie Bust Up | https://balorgames.com/submit |
| Patron | Los Angeles, USA | Gaming, consumer internet, creator economy | Blockade Games, Proof of Play | |
| The Games Fund | Global | Early-stage game developers | Nexters ecosystem | https://thegamesfund.com |
| SISU Game Ventures | Helsinki, Finland | Early-stage game studios | Mainframe Industries | https://sisugameventures.com |
| Transcend Fund | San Francisco, USA | Early-stage gaming + UGC/social platforms | Super Evil Megacorp, Jam City | https://transcendfund.com |
| GEM Capital | Cyprus/Europe | Game studios & publishers (mid-stage) | Mundfish (Atomic Heart) | https://gem.capital/ |
| 1Up Ventures | Kirkland, USA | Game studios (indie to mid-size) | Discord (early), Hidden Leaf | https://1upfund.com/ |
| Ludus Venture Studio | US | Game studio building + co-founding | Internal studio creation model | https://ludus.vc/ |
| TRUST ESPORT Ventures | Germany | Esports + gaming ecosystem | easylive.io | https://www.trust\-esport.com/ |
| Behold Ventures | Sweden | Early-stage Nordic game studios | Red Rover Interactive, Dead Astronauts | https://behold.vc/ |
| Leeroy Jenkins Kapital | Europe | Survival Games | https://www.ljk.vc/ |
For many indie developers, getting funding and marketing support through a publisher is a better fit. For a list of over 50 indie publishers, take a look here: https://firstlook.gg/blog/indie\-game\-publishers/