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The Venture Codex

Overview

Early-stage VC fund investing in game developers and gaming technologies.

Founded

2020

Deals · 12mo

0

Stage focus

Seed
Series A

Geographic focus

Cyprus
Finland
Norway
Turkey
...

Sector focus

Video Games

Investment portfolio

12rounds
NAMEDATESIZE
Playgama
Dec 2024Participated
$3 MOther Equity
Eschatology Entertainment
Aug 2024Participated
$11 MOther Equity
Juicy Button Games
May 2024Led
$3 MSeed
Red Rover
Apr 2024Participated
$15 MSeries A
ROAR Games
Mar 2024Led
$2 MOther Equity
Order of Meta
Jan 2024Participated
$3 MSeed
Obelisk Studio
Jan 2024Led
$2 MOther Equity
Layer AI
Nov 2023Participated
$2 MSeed
Spektra Games
Jun 2023Led
$1 MSeed
Mad Curve
Oct 2022Led
$1 MOther Equity
Hypemasters
Jun 2022Participated
$3 MSeries A
Kek Entertainment
Nov 2021Led
$3 MSeed
Playgama
Dec 2024Participated
$3 MOther Equity
Eschatology Entertainment
Aug 2024Participated
$11 MOther Equity
Juicy Button Games
May 2024Led
$3 MSeed
Red Rover
Apr 2024Participated
$15 MSeries A
ROAR Games
Mar 2024Led
$2 MOther Equity
Order of Meta
Jan 2024Participated
$3 MSeed
Obelisk Studio
Jan 2024Led
$2 MOther Equity
Layer AI
Nov 2023Participated
$2 MSeed
Spektra Games
Jun 2023Led
$1 MSeed
Mad Curve
Oct 2022Led
$1 MOther Equity
Hypemasters
Jun 2022Participated
$3 MSeries A
Kek Entertainment
Nov 2021Led
$3 MSeed
12
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Insights

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Deal Distribution

The Games Fund: 12 funding rounds are recorded in the selected participation categories.All available history.
The Games Fund: 12 funding rounds are recorded in the selected participation categories. All available history
Round typeLed dealsParticipated deals
Seed32
Series A02
Other Equity32

Monthly Deal Activity

The Games Fund: 12 deals are recorded across 60 months.All available history.
The Games Fund: 12 deals are recorded across 60 months. All available history
MonthDeals
Nov '211
Dec '210
Jan '220
Feb '220
Mar '220
Apr '220
May '220
Jun '221
Jul '220
Aug '220
Sep '220
Oct '221
Nov '220
Dec '220
Jan '230
Feb '230
Mar '230
Apr '230
May '230
Jun '231
Jul '230
Aug '230
Sep '230
Oct '230
Nov '231
Dec '230
Jan '242
Feb '240
Mar '241
Apr '241
May '241
Jun '240
Jul '240
Aug '241
Sep '240
Oct '240
Nov '240
Dec '241
Jan '250
Feb '250
Mar '250
Apr '250
May '250
Jun '250
Jul '250
Aug '250
Sep '250
Oct '250
Nov '250
Dec '250
Jan '260
Feb '260
Mar '260
Apr '260
May '260
Jun '260
Jul '260
Aug '260
Sep '260
Oct '260

Sector Breakdown

The Games Fund: Gaming & eSports is the largest displayed sector by deal count (11 deals).All available history.

A deal can appear in multiple sectors, so sector totals may overlap. Capital represents disclosed total round sizes, not fund cheque sizes.

The Games Fund: Gaming & eSports is the largest displayed sector by deal count (11 deals). All available history
SectorDeals
Gaming & eSports11
Networks, Cloud & Communication3
AI & Machine Learning1
Professional Services1
Consumer & Lifestyle1

Deal Size Distribution

The Games Fund: 12 rounds have a disclosed size in the displayed size bands.All available history.

Undisclosed round sizes are excluded. Capital represents total round sizes, not fund cheque sizes.

The Games Fund: 12 rounds have a disclosed size in the displayed size bands. All available history
Round size band (USD)Deals
<$5M10
$5M-$10M0
$10M-$25M2
$25M-$50M0
$50M-$100M0
$100M-$250M0
$250M-$500M0
$500M-$1B0
$1B+0

Deals By Geography

The Games Fund: Europe has the largest recorded deal count among the displayed regions (8 deals).All available history.

Top 3 of 3 regions; European countries are grouped as Europe.

The Games Fund: Europe has the largest recorded deal count among the displayed regions (8 deals). All available history
RegionDeals
Europe8
United States3
United Arab Emirates1
The Games Fund: 20 co-investors are shown, with GEM Capital sharing 4 recorded deals.All available history.

Co-Investors

Bubble size = shared deals

Click a bubble to open that fund in a new tab.

Shows up to 20 co-investors ranked by shared deals. Deals may be shared with multiple funds, so rows overlap. Capital is total round size, not fund cheque size.

Investment Strategy

The Games Fund: Led accounts for 50% and participating for 50% of round participation.All available history.
The Games Fund: Led accounts for 50% and participating for 50% of round participation. All available history
CategoryDeals (count)Share (%)
Led650%
Participating650%
The Games Fund: Single-lead accounts for 67% and co-led for 33% of lead dynamics.All available history.
The Games Fund: Single-lead accounts for 67% and co-led for 33% of lead dynamics. All available history
CategoryDeals (count)Share (%)
Single-lead467%
Co-led233%

Team

Ilia Eremeev

Managing Partner

Maria Kochmola

Managing Partner

Sergey Titov

Founding Partner