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Makers Fund raises $250M Fund IV

Makers Fund announces $250M Fund IV, along with several portfolio company funding news.

Makers Fund Closes $250M Fund IV

Makers Fund, a venture capital firm founded in 2016, has closed its fourth fund at $250 million, bringing its assets under management to $1.5 billion. Fund IV will invest globally across stages in the next generation of games and interactive entertainment, and the firm said it is expanding beyond games into consumer apps, entertainment and creation platforms. Makers has invested in more than 90 portfolio companies and reports that its $180m Fund I has distributed 3.6x the capital invested. The firm said it will use equity, project financing and marketing financing as needed to back founders.

• Makers Fund closed its fourth fund (Fund IV) at $250 million.
• The firm’s total assets under management rose to $1.5 billion.
• Makers has invested in more than 90 portfolio companies since its 2016 founding.

Atomontage rebuilds Virtual Matter for browser AI UGC

Atomontage has rebuilt its Virtual Matter creation platform to enable browser-based user-generated multiplayer games that players can enter via a link with no install. The platform uses ordered, compressed volumetric samples streamed progressively to phones, and adds an optional, model-agnostic AI agent for creation; expensive GPU inference is separated from CPU-only game hosting so play remains low-cost. Atomontage is backed by Makers Fund, Hartmann Capital and a group of angel investors. The company charges makers subscriptions plus metered AI credits, plans a marketplace and engine royalty model, and expects standalone export to itch.io and Steam later in 2026. Cofounders Daniel Tabar and Branislav Siles position the tech as lowering the floor for creators while raising the ceiling for professional designers.

• Atomontage rebuilt its Virtual Matter platform to enable browser-based UGC multiplayer worlds that load from a link with no install.
• The platform uses ordered, compressed volumetric samples streamed progressively to devices and stores persistent, editable world state.
• AI assistance is optional and model-agnostic; GPU inference for creation is routed separately while world simulation and multiplayer run on CPU-only servers.

Arlequin AI Raises €28M for Topological Neural Networks

Arlequin AI, a Paris-based company, has raised €28 million in Series A funding to accelerate the development of its topological neural network architecture and expand international deployment. The round was co-led by redalpine and OTB Ventures, with participation from Bpifrance's Defence Innovation Fund, existing investors Vsquared Ventures, 10x Founders, and Xavier Niel. Founded in 2024 by Hugo Micheron and Antoine Jardin, Arlequin develops AI systems for analyzing large, fragmented datasets used in security, defense, fraud detection, and AI safety. The company's topological neural network architecture captures complex interactions between data points, requiring less compute than traditional large-scale AI. The funding will support team expansion, model development, and opening offices in London, Berlin, and a planned AI lab in Silicon Valley.

• Arlequin AI raised €28 million in Series A funding.
• The round was co-led by redalpine and OTB Ventures.
• Bpifrance's Defence Innovation Fund participated in the round.