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Tower 26 Ventures

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Investment thesis

Tower 26 Ventures is focused on seed and early-stage companies in VR gaming and the metaverse. Led by veteran game investor and entrepreneur Jon Goldman, the fund targets passionate entrepreneurs who have previously shipped critically and/or commercially successful games — prioritizing founders who have 'closed off games before, and ideally at least critically acclaimed games.' The $50M fund builds on Goldman's earlier GC Tracker Fund thesis, investing in extended reality startups at a time when VR headset adoption is reaching critical mass, with a focus on real game makers entering the field rather than first-timers.

Notable quotes

We're going to focus on VR gaming and the metaverse, but mostly VR gaming. Now there are more seasoned entrepreneurs and game makers getting into the field, whereas back in 2015 it was a lot of newbies who maybe had never finished a game. We're getting real game makers doing things now.

Jon Goldman · VentureBeat — 'Tower 26 venture fund will invest $50M in VR games and the metaverse' · 2022-04-20

The main thing I'm looking for is entrepreneurs who have closed off games before, and ideally, at least critically acclaimed games, if not commercially successful. Somebody who has delivered a game with a good Metacritic rating and shows that they know how to speak to the fans.

Jon Goldman · VentureBeat — 'Tower 26 venture fund will invest $50M in VR games and the metaverse' · 2022-04-20

Supporting entrepreneurs for 20 years or so has been like a pay-it-forward thing. It turns out that when you help people early in their careers, it turns out that it is good for you too.

Jon Goldman · VentureBeat — 'Tower 26 venture fund will invest $50M in VR games and the metaverse' · 2022-04-20

Recent investments

CompanyRoundSizeDate
ScripticSeed$6m2023-06-29
Unknown Pre-Seed Portfolio CompanyPre-Seed2022-11-14
Wave XRSeed
Applied VRSeed
Sliver TVSeed
MindshowSeed
LiveLikeSeed
UploadVRSeed
FanAISeed
FloreoSeed

Frequent co-investors

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