V2 Games, a Canada-based former video game studio now operating as an investment company, has launched a $10m seed vehicle with a commitment from its venture builder Victory Square Technologies.
The unit, Future Fund, will invest in businesses operating in the gaming sphere, including game developers, eSports startups and companies that leverage blockchain, a priority sector for Victory Square, the fund’s largest limited partner, within the gaming ecosystem.
Canada-based gaming startups will receive at least 50% of the capital in Future Fund, which will also be open to investing internationally. It will aim to exploit growth in the video games industry and identify “blue ocean opportunities” presented by changing technologies.
Sam Chandola, chief executive of V2 Games, said: “We are very excited to be able to launch the Future Fund to help game entrepreneurs take their companies to the next level.
“We are not only hoping to invest in great quality game projects and intellectual properties, but we are also looking a bit out into the future to explore the intersection of blockchain and gaming, or the introduction of gaming in new formats.”
V2 Games was founded in 2013 and had previously received equity funding from Victory Square, according to the latter’s website.