Griffin Gaming Partners has announced that its second fund has been oversubscribed, with at least $750 million pledged. While the fund has a larger gaming sector emphasis, Griffin Partners’ Phil Sanderson and Nick Tuosto that the fund has already made 16 Web 3 investments, accounting for more than half of the total cash spent.
“[Web 3] is one of our central theses from a macro perspective within games,” said Tuosto. “It’s our view that the enablement of digital asset ownership within games may be the single most important technological unlock in the history of games.”
Investments for Griffin’s Fund II came from major institutions, university endowments, family offices, sovereign wealth funds and strategic partners in the gaming industry.
Griffin Gaming was founded in 2019 by Sanderson, Tuosto and Peter Levin, with LionTree
Griffin invests in game content, software infrastructure, and social platforms, as well as gaming-related Web 3 companies, from seed through growth rounds. Forte, a blockchain gaming platform, and Discord, a messaging tool popular in crypto circles, are among the portfolio businesses.
In a news statement, Sanderson stated, “The lines have blurred across gaming, media, sport, and social networking.” “We get a bird’s eye view of the industry and what it will take to thrive in the next phase of interactive entertainment across platforms, genres, and demographics by seeing more than 1,300 suitable investment prospects every year.”
Join CoinCu Telegram to keep track of news: https://t.me/coincunews
Follow CoinCu Youtube Channel | Follow CoinCu Facebook page
Annie
CoinCu News
