A16z Announces $30 Million Investment In Gaming Startups

According to BlockBeats, on September 4, Andrew Chen, head of a16z's Games Fund One, announced on social media that the fund will invest $30 million over the next 30 days. Chen will co-host a new project in San Francisco in January 2025 with members of the a16z SPEEDRUN team. This initiative will feature guest speakers, personalized mentoring, and substantial financial support. Applications are now open and will close on September 30. a16z is focusing on early-stage startups, including B2B/infrastructure companies specializing in AI, 3D, and game engines, as well as gaming studios working in Web3, VR, AI, and Discord. Each selected startup will receive $750,000 in investment and a 12-week course of guidance from January 6 to March 21, 2024. The program includes in-person lectures, office hours, personalized mentoring, and events.