$750,000 will be handed out to a maximum of 40 companies, however, a16z’s early-accelerator only accepts around 1% of applicants.
Venture capital firm Andreessen Horowitz (a16z) has announced it will be investing $30 million in technology-centric gaming startups, including AI, VR/AR and Web3 games.
“We are investing at the intersection of TECH x GAMES, which means AI/infra, 3D tools, VR/AR, web3 games, gamified consumer apps, and much more,” announced Andrew Chen, a general partner at a16z, who oversees a16z’s Games One Fund.
The $30 million will be invested across the next 45 days via the firm’s early-stage accelerator “SPEEDRUN” program, Chen said in an April 1 X post, with $750,000 handed out to each startup that joins the program.
