GXC today has unveiled Round Ventures, a $40 million fund that aims to invest in early-stage gaming start-ups.

Companies that are eligible for the investment must either be generating revenue with their current title or working on their first game.

Round Ventures will invest $2 million to $8 million per gaming firm with co-investors valued from $10 million to $50 million.

GXC added that it will be making its first investment in November during its first investment event in Jeju, South Korea, known as Round Ventures Select Asia.

The summit will host ten to 15 game companies who will present their titles to the Round Ventures team, investors, and others.

Additionally, the fund said that it will host two investment events annually in Asia and Europe.

“We believe the video games industry is in need of a system where early stage companies receive both growth and guidance on how to execute their projects successfully,” said Round Ventures Rick Nahm.