Makers Fund Closes $250M Fund IV to Back the Next Generation of Interactive Entertainment

Top 1% global venture performance, $1.5B AUM, and a decade-long track record of backing breakout creators - from Dream Games and Voldex to General Intuition - fuel Makers' next chapter

Makers Fund, the venture capital firm built around interactive entertainment, has closed its $250M Fund IV, bringing total assets under management to $1.5 billion. The new fund will back the founders shaping what games and interactive entertainment look like next.

Founded in 2016, Makers was the first investor and largest shareholder in Dream Games, reportedly acquired by CVC for $5 billion in one of the most significant gaming and consumer exits of recent years. That early, all-in approach has defined the firm's first decade: Makers' $180M Fund I has distributed 3.6x the capital invested, placing it in the top 1% of venture funds globally. And while other investors have pulled back from gaming through the cycle, Makers has stayed the course as long-term partners to exceptional creators, regardless of market weather.

"Makers was founded on the belief that creators are the constant, even as the landscape shifts around them," said Jay Chi, General Partner. "Fund IV is that belief, doubled down. Today's founders are navigating new user behaviors, new distribution models, and a wave of fresh technology - and we think it's a powerful moment to back the companies that will define the next era."

Fund IV will extend Makers' mark: high-conviction bets and deep partnership with the world's leading interactive entertainment creators. Over the years, the firm has quietly expanded beyond games into consumer apps, entertainment, and creation platforms - carrying lessons on product design, go-to-market, and scale across every category it touches.

Portfolio highlights tell the story: Dream Games, where Makers invested in every round from first check to exit; General Intuition, which Makers has backed across multiple rounds since the earliest days of Medal.tv, and which recently raised $320M to pursue frontier AI research; FaceIt, where Makers' early support preceded a billion-dollar acquisition; PixAI, the leading GenAI platform for anime fans, where Makers led the first round; and Voldex, which Makers seeded and has stood behind as it grew into the largest publisher on Roblox. Makers was also a seed investor in Medal.tv, the game clipping platform that now powers General Intuition, the AI frontier research lab that recently raised $133M from Khosla Ventures and General Catalyst.

"The industry keeps evolving, and so will we," added Michael Cheung, General Partner. "Equity, project financing, marketing financing - whatever it takes to help our founders build generational companies, that's the partner we want to be."

With teams in London, Reykjavik, Tokyo, Singapore, New York, and LA, Makers Fund invests globally and across stages, taking a broad view of interactive entertainment, including consumer products, platforms, and services where entertainment is central to the experience or where gamer needs are uniquely served. Fund IV continues Makers' mission to back a diverse, global community of founders and to contribute to the long-term health of the industry they're building.

About Makers Fund

Makers Fund is a global interactive entertainment venture capital firm focused on early-stage investments. Makers is dedicated to furthering growth and innovation in the interactive entertainment industry. With more than 90 portfolio companies to date, Makers provides founders strategic value that is deeply catered to companies across the value chain in the industry. For more information, visit makersfund.com.

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