GFR Fund raises $53.5M to invest in games and entertainment
GFR Fund has raised $53.5 million for its third fund to invest in the future of gaming, entertainment and consumer technology.
The San Francisco venture capital firm continues GFR Fund’s mission to invest in early-stage companies that are revolutionizing the realms of gaming, entertainment, and consumer tech. With a particular focus on empowering first-time entrepreneurs who possess strong founder-market fit and a fervor for “emerging digital native communities,” GFR Fund III aims to support innovative concepts and technologies.
Approximately one-third of the fund’s investments are allocated to gaming content and tech companies, with another third focused on emerging entertainment companies, including generative AI. The remaining third is dedicated to consumer tech enterprises.
“With Fund III, we’re doubling down on our sweet spot: the future of gaming and entertainment,” said Teppei Tsutsui, General Partner of GFR Fund, in a statement. “We believe that first-time founders with an emerging digital native communities mindset are the best-positioned to build the next generation of gaming and entertainment companies.”
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“We are really excited about this GFR Fund III, as we’ve been doing it since 2016. We ended up raising a little bit more than our target,” Tsutsui said in an interview with GamesBeat. “It’s a milestone for us.”
For the newest fund, Tsutsui said the fund will not invest solely in gaming companies. It will invest in games and non-gaming startups too. Fund II invested in RTFKT as a creator driven
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