The $600 million fund, which the firm is calling Games Fund One, will focus on a mix of game studios, gaming infrastructure companies and consumer gaming software providers — similar to Discord and Twitch, the firm says — that support gaming ecosystems and communities.

This fund is far from Andreessen’s first foray into the game industry. The firm had early investments in both virtual reality pioneer Oculus and mobile juggernaut Zynga, and it led Roblox’s $150 million round Series G in 2020 prior to the metaverse-minded game developer going public last year. Andreessen has also been an active proponent of the blockchain gaming space, with general partner Arianna Simpson leading investments in several high-profile pay-to-earn and crypto-related gaming companies like Axie Infinity maker Sky Mavis.