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VGames Raises $30M for Game-focused Investment Fund in Israel

Published

5 years ago

July 21, 2020

Niji Narayan

VGames Raises $30M for Game-focused Investment Fund in Israel

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VGames has announced that it has raised $30 million for Israel’s first venture capital fund focusing on investments in the games sector. The fund has been founded by Eitan Reisel, former head of Google Israel’s gaming sector. The fund will invest in early-stage startups in the field of games.

“Historically there have been huge games companies here for example in the field of casual games – Moon Active, Playtika, ironSource and more. In recent years Israel has become a power in the field with companies worth billions of dollars. There are many founders going into this field and we want to give them some air to breathe because ultimately it takes time to develop a game. The reason that a dedicated fund is needed is that an investor must understand this world and it’s not an area where you would just want to invest in one or two companies,” Reisel said.

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Niji Narayan

Niji Narayan has been in the writing industry for well over a decade or so. He prides himself as one of the few survivors left in the world who have actually mastered the impossible art of copy editing. Niji graduated in Physics and obtained his Master’s degree in Communication and Journalism. He has always interested in sports writing and travel writing. He has written for numerous websites and his in-depth analytical articles top sports magazines like Cricket Today and Sports Today. He reports gaming industry headlines from all around the globe.