GXC, a Jeju, South Korea-based global video game solution company, has announced the launch of Round Ventures, a $40-million new venture capital fund that will invest in early-stage gaming firms and startups.
Round Ventures will lead investments of $500,000 to $1 million into proven early-stage game startups, then co-invests with renowned partners such as game VCs at pre-Series A or Series A, and then invest more at Series B and Pre-IPO or Pre-M&A rounds.
The fund’s first investment will be announced during the Round Ventures Select Asia, GXC’s first-ever investment summit, in November. At least 20 video game companies will be invited to showcase their games and services for possible investment.
GXC said the new fund will hold two investment events annually in Asia and Europe.
“We believe the video games industry is in need of a system where early-stage companies receive both growth and guidance on how to execute their projects successfully,” Rick Nahm, general partner at Round Ventures, said in a statement. “With this in mind, we’re investing in the brilliant minds behind the projects. We deeply value the potential of developers and innovators in the games industry and will be actively looking to help them flourish.”
Round Ventures invests in the gaming sector via a systematic approach based on a profound understanding of game player data via the G.Round platform and of company members and structure.
This will significantly lower risks and maximize upside, GXC said. Investment deals also come from GTR, its partner global game accelerator. But all games should be proven by global game users through the G.Round platform.
“Round Ventures closely collaborates with our global investment partners in reviewing investment deals. Round Ventures not only leads early investment rounds but utilizes our expertise into bringing in co-investment from our partners,” according to the announcement.
GXC supports the rapid growth of promising game companies through game users’ preferential evaluation data and in partnership with different global publishers and investors.