a16z Injects $30 Million into Gaming-Related Startups

In the latest development of the relentless technology race, venture capital giant Andreessen Horowitz (a16z) has just announced a bold plan – to invest $30 million in breakthrough gaming startups within the next 45 days.

Andrew Chen, head of a16z’s $600 million Game Fund One, stirred up the community with his announcement on the X platform (formerly Twitter):

I will invest $30 million in the best startups through a16z’s Speedrun program in the next 45 days. Each qualified project will receive $750,000 from us.

BIG NEWS:
i'm investing $30M in the next 45 days via the a16z SPEEDRUN program 😎

Yes, $750k per startup that joins the SPEEDRUN program plus obv it'll be a great way to work together on something. So come work with me at a16z's SPEEDRUN program — we'll invest, work with you,…

— andrew chen (@andrewchen) April 1, 2024

But that’s not all! Chen further promises that the fund will accompany the projects, providing guidance, connections with top investors, and world-class advisors – an enticing proposition for any startup seeking support from the “big players.”

This fast-track investment program, Speedrun, will last for 12 weeks with extremely stringent selection criteria – only 1% of filtered projects will receive “substantial” investment. The deadline for submissions is May 19, 2024.

This is not the first time a16z has shown special interest in the gaming technology sector. Chen’s $600 million investment fund includes projects ranging from AI, virtual reality (VR), augmented reality (AR) to web3 blockchain games. Moreover, Games Fund One also brings together founders from giants like Roblox, Discord, Riot Games, and Sky Mavis.

This move by a16z once again reaffirms their pioneering position in leading the wave of technological innovation. By pouring $30 million into new gaming super-projects, this “giant” is opening the door for bold, ambitious startups to create unprecedented gaming experiences in the future.

Related: Gamety Revolutionizes Blockchain Gaming with Runes

Introducing Andreessen Horowitz (a16z)

Andreessen Horowitz (a16z) is a venture capital firm based in Silicon Valley, California, USA. Founded in 2009 by Marc Andreessen and Ben Horowitz, the firm invests in technology startups at every stage of development, including the crypto space. They focus on supporting founders, innovators, and entrepreneurs in building the future through technology.