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January 18, 2023

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1 big thing: Lightspeed's gaming push

Photo illustration of Moritz Baier-Lentz with Lightspeed's logo.

Photo illustration: Shoshana Gordon/Axios. Photo: Courtesy of Lightspeed

Lightspeed Venture Partners has hired Moritz Baier-Lentz as a partner and its head of gaming as the firm formalizes its investment practice in the gaming industry and expands its presence in Los Angeles.

Why it matters: The multibillion-dollar gaming industry continues to grow and thrive with mega-mergers, the success of new studios and the rise of new platforms and technologies.

  • "There are very healthy fundamentals here with generational tailwinds," Baier-Lentz tells Kerry. "Every person who grows up today grows up with gaming."

Catch up quick: Lightspeed hasn't had a dedicated gaming team until now, but it has a long history of investing in the sector. Since 2006, it's invested more than $300 million of capital and made more than 30 investments in the gaming industry.

Details: Baier-Lentz is a former professional gamer. He worked as a vice president at Goldman Sachs, starting and co-leading its global gaming practice. In 2020, he joined Bitkraft Ventures, a gaming-focused firm, as a partner.

  • Baier-Lentz says the job happened "serendipitously." The opportunity arose after he ran into Lightspeed partner Nicole Quinn at a yoga class while vacationing in Greece.

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