games

Investing in Voldex | Andresen Horowitz

We are pleased to announce that a16z has led Series A’s investment in Voldex, a games studio that acquires, enhances and develops games on the massive User Generated Content (UGC) platforms Roblox and Minecraft.

Voldex was founded by CEO Alex Singer, a true prodigy in the world of UGC game development. Alex’s journey began at the age of just 13 when, after creating many Minecraft games, Alex saw an opportunity to acquire and improve high potential Minecraft servers and Roblox games.

Over time, Alex has scaled this passion for developing UGC games and turned Voldex into a multi-million dollar business. Voldex’ ability to repeatedly identify, acquire, and improve games has resulted in a library of games enjoyed by over 14 million monthly active users.

We believe that UGC gaming platforms like Roblox have the potential to power billion dollar companies and Voldex is perfectly positioned to capitalize on this opportunity. Roblox, for example, has a similar number of monthly active users as PlayStation and Xbox combined and is becoming a destination for gamers using it as a social and content network.

As these UGC platforms expand their audiences, allow for the creation of bigger/better games, and allow for more social interaction, they become a more attractive target for users and developers alike. The massive, growing user base of these platforms and the Voldex team’s deep understanding of the UGC gaming space puts Voldex well-positioned to drive significant growth in the years to come.

With this latest funding, Voldex will accelerate its growth through further major game acquisitions and team expansion. We’re thrilled to be working with Alex and the team at Voldex and can’t wait to see the success they achieve in the future.

Stay tuned for updates on Voldex’ progression and the exciting new games they will bring to the UGC space!

***

The views expressed herein are those of the individual cited employees of AH Capital Management, LLC (“a16z”) and not the views of a16z or its affiliates. Certain information contained herein is obtained from third party sources, including portfolio companies of funds managed by a16z. While obtained from sources believed to be reliable, a16z has not independently verified this information and makes no representations as to the current or sustained accuracy of the information or its appropriateness for any particular situation. In addition, this content may contain advertising from third parties; a16z has not reviewed such ads and does not endorse any advertising content contained within them.

This content is provided for informational purposes only and should not be construed as legal, business, investment or tax advice. You should consult your own advisers in this regard. References to securities or digital assets are for illustrative purposes only and do not constitute an investment recommendation or an offer to perform investment advisory services. In addition, this content is not directed to or intended for use by investors or prospective investors, and it is not authorized under any circumstances to be trusted when making a decision to invest in a fund managed by a16z. (An offer to invest in an a16z fund is made only by such fund’s private placement memorandum, subscription agreement and other relevant documentation and should be read in their entirety.) Any investments or portfolio companies mentioned, mentioned or referred to or the investments described are not representative for all investments in vehicles managed by a16z and there can be no assurance that the investments will be profitable or that other investments will have similar characteristics or results in the future. A list of investments made by funds managed by Andreessen Horowitz (excluding investments for which the issuer has not granted a16z public disclosure permission and unannounced investments in publicly traded digital assets) is available at https://a16z.com /investments available/.

The charts and graphs provided herein are for informational purposes only and should not be relied upon in making investment decisions. Past performance is not a guide to future results. The content speaks only on the specified date. All projections, estimates, projections, goals, prospects and/or opinions expressed in these materials are subject to change without notice and may differ from or contradict the opinions of others. For other important information, see https://a16z.com/disclosures.

Source

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button