Vgames Secures 42 Million to Fuel Global Gaming Investments

2024-12-18

Israeli Fund Doubles Down on Gaming with its Largest Fund Yet

Vgames, the gaming-focused investment fund led by Eitan Reisel and Daniel Mironov, has successfully raised $142 million for its third and largest fund to date. Since its inception in 2020, Vgames has emerged as a prominent player in the gaming industry, investing in 38 companies globally across various stages, from early-stage to growth rounds.

Eitan Reisel, Founder and Managing Partner of Vgames, emphasized the significant role of the gaming industry within Israel’s tech ecosystem. He highlighted that gaming contributes approximately 2% to Israel’s GDP and employs around 14,000 people. The country boasts a thriving gaming community, including over 200 registered gaming companies and a vibrant indie developer scene.

Vgames’ impressive portfolio includes notable investments such as InnPlay Labs (acquired by Playtika), SuperPlay (acquired by Playtika), 1047 Games, Candivore, GOAT, Elyzio, 44 Pixels, and AMP. The fund’s dedicated team comprises Daniel Mironov, Partner, Eitan Reisel, Founder, David Digmi, COO, and Riki Papa Pnini, Director of Investor Relations and Marketing.

Reisel shared insights into the challenges and triumphs of the fundraising process. Despite the challenging security situation in Israel, Vgames persevered and exceeded its target, even in the face of rejections from international institutions due to security concerns.

What Undercode Says:

Vgames’ successful fundraising underscores the growing significance of the gaming industry and the increasing investor interest in this sector. By securing substantial funding, Vgames is well-positioned to continue its strategic investments and support innovative gaming companies worldwide.

The fund’s focus on Israeli gaming companies is particularly noteworthy, given the country’s strong reputation for technological innovation and entrepreneurial spirit. Vgames’ investment in these companies can contribute to the further growth and development of the Israeli gaming industry.