The Games Fund

Investment decisions are made by Managing Partners Ilya Eremeev and Maria Kochmola, both of whom bring direct game production and publishing experience to the investment committee. Eremeev co-founded game publisher 101XP, and Kochmola ran publishing operations — backgrounds that distinguish the firm's decision-making from finance-led gaming VCs. The partnership structure concentrates authority in these two operators rather than a broad committee.

The firm sources heavily through developer networks in North America and Eastern Europe, with particular strength in CIS-region studios where the partners' prior operating careers at 101XP built longtime relationships. Portfolio-company referrals form a secondary pipeline, as founders within the existing portfolio introduce teams working on adjacent concepts. The firm's operator reputation within game development circles provides access to pre-revenue studios that have not yet run a formal fundraising process.

The Games Fund operates as a sector-focused venture capital firm, not a family office. It invests third-party limited-partner capital into external portfolio companies across the gaming and interactive-media sector. The firm's leadership comes from game development and publishing, not from managing a single family's wealth.

The firm primarily makes direct equity investments into game studios, leading or co-leading seed and Series A rounds. Its structure allows SPV-based co-investment alongside other games-focused investors. The firm does not publicly disclose a fund-of-funds allocation strategy.

The Games Fund concentrates on early-stage investments — seed and Series A rounds — deploying initial capital to fund core development teams through a vertical slice or soft-launch milestone. The firm targets PC, console, and mobile platforms, with a willingness to back studios before revenue when the creative and production benchmarks are met.

The Games Fund does not publicly flag explicit sector exclusions, but its mandate centers on interactive entertainment and adjacent gaming infrastructure. Non-gaming consumer tech, enterprise SaaS outside gaming tooling, and life sciences fall outside the firm's observable investment perimeter based on public record portfolio composition.

The Games Fund is a venture capital firm managing third-party limited-partner capital, not the private wealth of its founders. The managing partners' operating wealth originated from their prior careers in game publishing, specifically through the Eastern European and CIS publisher 101XP, but the fund itself does not represent a single-family pool of capital.