Funding Alert
WinZO to invest $50M in global gaming ecosystem
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ByStartupStory | March 21, 2023
WinZO, a gaming startup, has revealed the fourth version of its primary Game Developer Fund with a total amount of $50 million. The fund aims to provide assistance to the worldwide gaming ecosystem, and the company intends to allocate a minimum of $10 million from the fund to support startups located in the United States.
WinZO plans to use the Game Developer Fund to invest in a variety of interactive entertainment startups, including game developers and publishers, gaming economies, content creation, live-ops, and security.
The fund is open to a range of game genres, including casual games, action games, sports games, and mid-core multiplayer games such as tennis, golf, and others.
WinZO has already made several investments in various gaming startups such as Upskillz, IndiGG, Village Studio, Bombay Play, and Glip. These investments have been made at various stages, ranging from seed to growth.
Upskillz is a Web3 gaming company, while IndiGG is a startup that builds communities around Web3 gaming. Village Studio is based in the UK and Bombay Play in India. Glip is a blockchain-based creator economy and streaming startup.
WinZO is actively seeking out innovative gaming companies to invest in during the upcoming Game Developer Conference (GDC) in San Francisco. GDC is considered to be the primary professional event in the game industry.
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