VGames, a VC firm founded in 2020, is launching a $10 million Indie Fund targeting premium PC and console game studios. Unlike traditional equity deals, the fund offers project financing in exchange for revenue share, preserving studio independence and IP rights. VGames plans to back 10–20 studios with investments of $500K–$1M each, focusing on commercially ambitious titles that avoid free-to-play monetisation. The shift in strategy reflects a more challenging exit environment for PC/console compared to mobile.
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