# The Games Fund

The Games Fund is a Private Equity based in Los Angeles, United States.

## Overview

- **Organization type:** Private Equity
- **Headquarters:** Los Angeles, United States
- **Region:** North America
- **Address:** Los Angeles, CA, United States
- **Founded:** 2020
- **Assets under management:** Undisclosed
- **Website:** gamesfund.vc
- **LinkedIn:** https://www.linkedin.com/company/thegamesfund

## Regulatory record

- **Reports private funds:** No

## About

TGF is an early-stage VC fund founded by video games industry veterans. We invest in future leaders: game developers, gaming technologies, and services. We share best practices and offer our experience and personal touch.

## Sectors

- Gaming & Interactive Media
- Enterprise Software
- AI/ML

## People

- Ilya Eremeev — Managing Partner
- Maria Kochmola — Managing Partner

## Questions

### Who runs investment decisions at 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.

### How does The Games Fund source proprietary deal flow?

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.

### Does The Games Fund participate in fund commitments or only direct deals?

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.

### What investment stages does The Games Fund typically target?

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.

### Which sectors does The Games Fund explicitly avoid?

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.

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Last updated: 2026-06-03T20:00:00.000Z

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