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A16z opens applications for third Speedrun tech and games category, $75M accelerator


A16z has opened applications for its latest Speedrun technology and gaming accelerator category, the third such category for the $75 million accelerator.

The A16z Games Speedrun accelerator will also be moving from the San Francisco Bay Area to Los Angeles. SR003 is the third iteration of an intensive 12-week training program for gaming and technology entrepreneurs that will culminate in Demo Day during SF Tech Week.

As part of its commitment to invest up to $75 million in some of the most promising pre-seed startups to help shape the future of the gaming industry, A16z Games will increase its investment in each selected Speedrun company to $750,000 .

“Speedrun brings together technology and gaming, two worlds that are at the forefront of massive change and attract some of the world’s most innovative entrepreneurs,” Josh Lu, investment partner at A16z Games, said in a statement. “Many founders don’t realize that venture capital is a viable way to fund their gaming startups, and our SPEEDRUN program not only provides financial support, but also an operational team that has worked across the gaming industry and is equipped to equip them. and team of partners. They have the knowledge to help them go from scratch to launch. It’s inspiring and impressive to see what the SPEEDRUN founders have accomplished in such a short time, and we’re eager to see what kind of ideas and plans SR003 will generate. product.”

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A16Z Games recently concluded the second edition of Speedrun SR002 and held a demo day during GDC with over 370 investors in attendance, representing over $500 billion in assets under management.

Category 2 details

SR002 has witnessed many early-stage companies disrupting the tech x gaming industry, covering various verticals, including:

  • 43% are infrastructure plus tools, with members from top tech companies including Discord, Zynga, Google, Apple, Square, Palantir, Magic Leap and Xsolla.
  • 35% of game studios are founded by newbies and veterans from companies like Rocket League, Blizzard, Epic Games, Jam City, King, and Supercell.
  • 25% of consumer apps/platforms, led by veterans of Magic Leap, Crunchyroll, Dapper Labs, Canva and Snap, create communities and safe spaces for online players.
  • 49% Artificial Intelligence, led by PhDs from Stanford, MIT and Oxford.

A16z stated that the Speedrun program is very selective, with approximately 1% of applicants selected for the final batch of the program. Participants receive not only financial support from A16z Games, but also support from a curated group of industry coaches, mentors and a community of ambitious founders.

As a result, 80% of the participating companies in SR001 received investor funding after graduating from Demo Day.

SR003 will run for 12 weeks starting on July 29, 2024 and ending with a demo day during SF Technology Week in October 2024.

Applications are open from now until May 19, 2024 at https://sr.a16z.com/.

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