According to PANews, venture capital firm Andreessen Horowitz (a16z) announced on Monday that it plans to invest $30 million in several gaming startups. General Partner Andrew Chen stated that the firm will invest the amount through its a16z Speedrun program within the next 45 days. Each startup joining the Speedrun program will receive $750,000. The application deadline for Speedrun is May 19th.
The company's gaming fund was launched in 2022, investing in the development of various gaming-related technologies, including Web3. In addition, a16z has made several investments in blockchain gaming companies through its crypto division, including Mythical Games and Voldex.