Nazara Technologies, a top gaming company, has invested Rs 4.74 crore in two international gaming venture capital funds.
According to a stock exchange filing, Nazara has invested $300,000 (Rs 2.6 crore) in Play Venture Fund III and $250,000 (Rs 2.14 crore) in F4 Venture Fund I. Both of these funds focus on helping early-stage gaming startups grow. Nazara made these investments as a limited partner, meaning they’re supporting the funds without being involved in day-to-day decisions.
This investment comes after Nazara’s board gave approval in May 2024 to invest up to $2 million (Rs 16.6 crore) in Play Ventures and $250,000 (Rs 2.1 crore) in F4 Ventures.
“Both funds are recognised as leading global venture capital funds in the gaming sector. These investments will be allocated throughout 3 to 4 years,” the company said then.
Play Ventures, based in Singapore, invests in early-stage gaming startups, from pre-seed to Series A stages. This means they support new gaming companies right from the beginning of their journey.
Their $140 million Fund III focuses on areas like mobile games, AI tools for gaming, and gaming infrastructure. Some of the startups they’ve already invested in include Defi Alliance, Cypher, and M League.
The F4 Fund, based in the US, was started in 2023 by experienced gaming professionals David Kaye and Joakim Achrén. The fund supports founders from the gaming industry who are starting companies in areas like gaming, AI, SaaS (software services), social platforms, and consumer technology.
F4 invests in startups at the seed to Series B stages and backs companies from around the world, including the US and UAE. Some of the startups in its portfolio are Noice, Baby.ai, and After Hours.
This news comes just a day after Nazara shared that its subsidiary, Nodwin Gaming, has pushed back the deadline to buy a 92.3% stake in esports content platform AFK Gaming. The deal, worth INR 7.58 crore, is now expected to be completed by July 30, 2025.
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