About Makers Fund
Makers Fund is a venture capital firm founded in 2017. It is primarily based out of San Francisco, United States. As of Mar 2026, Makers Fund is an active investor, having invested in 111 companies, with 10 new investments in the last 12 months. It primarily invests in Seed round in United States based startups. Its investments are spread across a wide range of sectors from Gaming to High Tech and Blockchain Technology. Most recently it participated in the $***** Series A round of Highlight AI Overall, Makers Fund portfolio has seen 2 unicorns, 2 IPOs and 12 acquisitions including key companies like CCP Games, Dream Games and Faceit. A lot of funds co-invest with Makers Fund, with names like Animoca Brands sharing a substantial percentage of its portfolio. Makers Fund has team of 21 people including 4 partners.Key Metrics
Portfolio Locations
Rounds of Entry
Series A, Seed & 4 more
Portfolio IPOs
Portfolio Unicorns
Deals in last 12 months
Makers Fund's List of Top Investments
Makers Fund has a portfolio of 111 companies, including 2 unicorns. Their most notable investments are in Atomontage and VOYA Games.Their portfolio spans across United States, United Kingdom, Canada and 17 more locations. They have invested in Gaming, High Tech, Blockchain Technology and 11 other sectors, across stages such as Series A, Seed and 4 more. Here is the list of top investments by Makers Fund:1. WinZO
Digital platform offering a wide range of online games with monetization options and social features. It is a social gaming and interactive entertainment platform offering a wide variety of games and interactive experiences. It offers puzzle, arcade, sports, racing, card games fantasy sports and esports.
Key facts about WinZO
- Founded Year: 2018
- Location: Delhi (India)
- Annual Revenue: ₹691Cr as on Mar 31, 2023
- Valuation: $*****
- Stage: Series C
- Total Funding till date: $92.1M
- Employee Count: 512 as on Mar 31, 2026
- Investors: Kalaari Capital, IndigoEdge and 28 Others
- Latest Funding Round: Series C, Apr 12, 2021, $*****
- Highlight: Editors' Pick
2. Polygon
Developer of scalable blockchain interoperability protocols. It offers a suite of solutions, including cross-chain protocols and zero-knowledge (ZK) rollups, designed to enhance the scalability and security of blockchain networks. These protocols enable seamless asset transfer and interaction across different blockchains, improving the overall user experience. The company also provides developer tools and resources to support the creation of decentralized applications (dApps) on its platform. It fosters a vibrant developer community and offers grant programs to encourage innovation within the ecosystem.
Key facts about Polygon
- Founded Year: 2017
- Location: George Town (Cayman Islands)
- Valuation: $*****
- Stage: Series B
- Total Funding till date: $451M
- Employee Count: 399 as on Mar 31, 2026
- Investors: World Capital Holdings Group, SoftBank Group and 62 Others
- Latest Funding Round: Series B, Feb 02, 2022, $*****
- Highlight: Editors' Pick
3. CCP Games
Developer of science fiction massively multiplayer online role-playing and strategy games. The business creates virtual worlds with persistent universes for players. It offers titles across multiple platforms, including PC and mobile devices. The business provides ongoing content updates and expansions for its games.
Key facts about CCP Games
- Founded Year: 1997
- Location: Reykjavik (Iceland)
- Stage: Acquired
- Total Funding till date: $106M
- Employee Count: 1 - 10 as on Jul 01, 2024
- Investors: Andreessen Horowitz, General Catalyst and 13 Others
- Latest Funding Round: Series D, Mar 21, 2023, $*****
- Highlight: Acquired
4. Dream Games
Developer of mobile-based casual games. The company offers "Royal Match" a puzzle game where players can compete with others and can earn rewards. The game is available for Android and PC platforms. It monetizes through in-app ads.
Key facts about Dream Games
5. Novig
Operator of an online platform for sports predictions and trading. It allows users to play against each other with set odds. The platform offers insights into market liquidity and order books. Users can play with coins or cash, with opportunities to earn rewards.
Key facts about Novig
- Founded Year: 2021
- Location: New York City (United States)
- Valuation: $*****
- Stage: Series B
- Total Funding till date: $106M
- Employee Count: 14 as on Dec 31, 2024
- Investors: Amino Capital, Lux Capital and 27 Others
- Latest Funding Round: Series B, Feb 18, 2026, $*****
- Highlight: Editors' Pick
Makers Fund's Year-on-Year Investment Trends
Makers Fund has invested in 111 companies over the last 9 years, with an average of 13 new investments annually in the last 5 years. In 2025, it made 7 investments, while as of Mar 2026, it has made 8 investments in this year. Its most recent first time investment was in Highlight AI and most recent follow-on round was in Midnite.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 7 | 1 | 8 |
2025 | 5 | 2 | 7 |
2024 | 7 | 0 | 7 |
2023 | 10 | 3 | 13 |
2022 | 24 | 5 | 29 |
2021 | 15 | 10 | 25 |
2020 | 8 | 2 | 10 |
2019 | 13 | 3 | 16 |
2018 | 8 | 1 | 9 |
2017 | 1 | 0 | 1 |
Makers Fund's Investments by Stage
Makers Fund has made 40 investments in Series A stage with an average round size of $13.9M, 39 investments in Seed stage with an average round size of $5.72M and 14 investments in Series B stage with an average round size of $69.6M.Stage of entry | No. of Investments |
|---|---|
Series A | 40 |
Seed | 39 |
Series B | 14 |
Series C | 3 |
Post IPO | 1 |
Others | 1 |
Note: We have considered here, only first round of investments
Makers Fund's Investments by Sector
Makers Fund has a diverse portfolio, with companies operating in the Gaming, Mobile, High Tech, Enterprise Applications and Media & Entertainment. Notably, it has invested in 88 Tech companies, 69 Consumer (B2C) companies, 50 Software companies and at least 28 companies focusing on Enterprise (B2B).Sector | No. of Investments |
|---|---|
Gaming | 59 |
Mobile | 28 |
High Tech | 21 |
Enterprise Applications | 17 |
Media & Entertainment | 14 |
Others | 45 |
Note: We have considered here, only first round of investments
Makers Fund's Investments by Geography
Makers Fund has made most investments in United States (44), followed by United Kingdom where it has made 8 investments.Country | No. of Investments |
|---|---|
United States | 44 |
United Kingdom | 8 |
Finland | 5 |
Japan | 5 |
Sweden | 4 |
Others | 31 |
Note: We have considered here, only first round of investments
Makers Fund's recent investments
Makers Fund has made 8 investments in 2026 so far. Highlight AI and Cheer Games are the latest among them.Here are the most recent investments by Makers Fund:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Mar 24, 2026 | United States | Series A | 7294 | [+7] | |
Mar 05, 2026 | Spain | Seed | 3729 | ||
Mar 03, 2026 | Turkey | Seed | 7404 | ||
Feb 18, 2026 | United States | Series B | 3465 | [+7] | |
Feb 18, 2026 | United States | Series B | 8851 | [+5] |
Unicorns in Makers Fund's Portfolio
Makers Fund has 2 unicorns in its portfolio - Dream Games and Playco. The most recent unicorn in their portfolio is Dream Games. It became a unicorn in 2021, 1 years after Makers Fund first invested in it.Here is a list of unicorns in Makers Fund's portfolio:
Tracxn Score | Company | Short Description | Founded year | Sector | Location | Company Stage | First Investment/ Acquisition Details |
|---|---|---|---|---|---|---|---|
70 | Developer of mobile-based casual games | 2019 | Sisli | Series C | wapdjud | ||
61 | Developer of social web games for PC and console | 2020 | Tokyo | Series A | mdhajg{ |
IPOs and Publicly Listed companies in Makers Fund's Portfolio
2 of Makers Fund's portfolio companies have become public. Tiny Build Games got listed on the London Stock Exchange (LSE), in Mar 2021 at marketcap of $609M and HYBE got listed on the Korea Exchange (KRX) at marketcap of $3.99B.Here are Makers Fund's portfolio companies that went public:
Company | IPO Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Mar 09, 2021 | Oct 18, 2017 | Seed | 8529 | |
Oct 15, 2020 | Aug 06, 2024 | Post IPO | 3909 |
Acquired companies in Makers Fund's Portfolio
12 companies from Makers Fund's portfolio have been acquired. The most recent acquisition were Loco in Sep 2024 by Redwood Technologies Group for $65M.Here are Makers Fund's portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Sep 26, 2024 | Mar 10, 2022 | Series A | 9619 | |
Nov 17, 2022 | - | - | 6560 | |
Aug 29, 2022 | Jan 17, 2021 | Seed | 4790 | |
Jan 24, 2022 | - | - | 8550 | |
Oct 29, 2021 | Nov 12, 2019 | Series A | 4276 |
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Team profile of Makers Fund
Makers Fund has a team of 21 members including 4 Partners, 3 Venture Partners and 7 Principals located in United States, Japan and 3 more locations. Makers Fund's team sits on the board of 1 company.Here is a list of top team members in Makers Fund:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | Palo Alto | |||
Partner | Japan | - | ||
Partner | Singapore | - | ||
Partner | Los Angeles | - | ||
Venture Partner | Penn Yan | - | ||
Venture Partner | United States | - | ||
Venture Partner | Huntsville | - | ||
Principal | Brooklyn | - | - | |
Principal | New York City | - | ||
Principal | Reykjavik | - |
Co-investors of Makers Fund
Over the past 9 years, 519 investors have co-invested in Makers Fund's portfolio companies. This includes funds and angels.
- Invested before Makers Fund: Y Combinator, Lvp and 141 others have invested in rounds before Makers Fund. There are 9 companies where Y Combinator has invested before Makers Fund and 3 companies where Lvp has invested before Makers Fund.
- Top Co-investors of Makers Fund: 291 investors entered a company along with Makers Fund. These include investors like Animoca Brands (7 companies).
- Invested after Makers Fund: A total of 85 investors have invested in Makers Fund's portfolio after their investments. Top Investors include Horizons Ventures (2 companies), Andreessen Horowitz (2 companies) and KDDI (2 companies).
Recent News related to Makers Fund
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Packz Raises $10.7M in FundingFinSMEs•Apr 13, 2026•Makers Fund, RiverPark Ventures, The Raine Group, Courtside Ventures and 2 others
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Highlight AI Raises $40 Million Series A to Build the Shared Intelligence Layer for the Agentic Age of WorkYahoo•Mar 24, 2026•359 Capital, Highlight AI, Arcadia, Common Metal and 8 others
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Novig Raises $75M to Replace Traditional Sportsbook with Peer-to-Peer ExchangeAlleyWatch•Mar 06, 2026•Novig, Pantera Capital, Perceptive Ventures, Novig and 5 others
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Cheer Games Raises $4.5M in Pre-Seed FundingGamesIndustry•Mar 05, 2026•Play Ventures, Makers Fund, Cheer Games, Play Ventures
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Vento Games raises $4M to accelerate growth of innovative mobile games portfolioMobidictum•Mar 03, 2026•Makers Fund, Vento, Arcadia
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Finance Novig Raises $75M Series B to Build a Trader-First Sports Prediction MarketBitcoin Ethereum News•Feb 18, 2026•Pantera Capital, Novig, Novig, Multicoin Capital and 6 others
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BLUFF Raises $21M in Strategic Investment Led by 1kxBitcoin Insider•Feb 03, 2026•Makers Fund, 1kx, Bluff, Delphi Ventures and 2 others
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Midnite Completes $35M Series C Funding Round Led by The Raine GroupiGaming Business•Jan 15, 2026•Play Ventures, Discerning Capital, big_bets, Midnite and 3 others
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Donut Labs Secures $22M to Automate DeFi Trading with AI BrowserBitcoin Ethereum News•Nov 04, 2025•Donutbrowser.ai, Donut Lab, BITKRAFT Ventures, Makers Fund and 3 others
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Crypto Donut Labs Secures $15M Seed Funding for AI Crypto Trading BrowserBitcoin Ethereum News•Nov 04, 2025•Donut Lab, Huntington Study Group, BITKRAFT Ventures, Makers Fund and 7 others
