For the second time this week, a venture capital firm announced a nine-figure fund focused on the video game sector, further evidence of the industry’s hot bargaining climate, even amid broader uncertainty. on the market.

Based in San Francisco Creators Fund on Thursday said it raised $500 million in its third fund for investments in games, interactive entertainment and related technology.

“We founded Makers with the belief that we were entering the golden age of interactive entertainment, to change the way we think about investing in creative media and how we support early career founders,” said Michael Cheung. , general partner of Makers, in a statement. “Since then, the industry has grown from $100 billion in 2017 to $170 billion in 2021, as consumer adoption and engagement accelerates across all demographics and geographies. Our latest fund enables us to support founders throughout their journey, from product creation to global scale.”

Two previous Makers funds raised a total of $460 million in 2017 and 2020 which was invested in over 90 companies. Notable past investments included GenVid, including “massive interactive live event” Rival Peak turned out to be a huge hit on Facebook two years ago. Other portfolio companies include Dream Games, Avia Games, Medal.TV, VR Chat and Parsec.

The fund plans to “continue to support a diverse group of founders and ideas from diverse backgrounds around the world, both at Makers and across the industry,” the VC said.

On Monday, Griffin Gaming Partners announced its second fund, with $750 million in investments focused on gaming and gaming-related tools and platforms.

The latest venture capital giant rounds are just part of the current hot climate for gaming deals. Last week, games business consultancy Digital Distribution Management released its annual report on investments, IPOs, and mergers and acquisitions in the industry’s Western markets.

The totals for 2021 were larger than the previous six years combined, fueled in large part by deals in the booming blockchain-based games sector. Gambling-related investments grew from 406 deals worth $13.2 billion in 2020 (both records at the time) to 765 deals totaling $38.5 billion, according to the end of year report. MDD year.