Venture Capital Fund Griffin Gaming Partners Has Raised $235m

? VC Fund

• US-based venture capital fund Griffin Gaming Partners has raised $235m to invest in video game developers & publishers (excluding AAA games), gaming-related platforms, and infrastructure projects

  • Griffin Gaming Partners is going to invest half of the funds in platforms and infrastructure firms, and the other half in content and game studios. Also, half of the raised sum will likely be invested in North American companies, and the rest in international deals

  • The fund will be flexible in terms of investment stage (from seed to later-stage deals) and the deal size ranging from $1m to $20m

• Founded in 2019 by Peter Levin, Phil Sanderson, and Nick Tuosto, Griffin Gaming Partners already has 12 investments, including AppLovin, Discord, Skillz, N3TWORK, Wave, Tactile Games, Subspace, Frost Giant, Wizard, Latitude, SuperSocial, and Funzy.

• There is no information about where the round’s cash came from, but the company is rumored to be supported by more than dozens of media and informational firms from Asia, Europe, the Middle East, and the US

? Previously Disclosed Deals

• In October 2020, Griffin Gaming Partners invested $4.7m into real-time strategy developer Frost Giant Studio in a Seed funding round

• In June 2020, Griffin Gaming Partner invested $30m into VR concert startup Wave in a Series B funding round

• In September 2019, Griffin Gaming Partner invested $40m into mobile game developer N3twork in a Series C funding round

? Funds Raised  — $235m:

• In September 2019, Griffin Gaming Partners announced its launching of the 1st fund with the target aim of $200m

• In November 2020, Griffin Gaming Partners announced a total raised amount of $235m

SOURCES: VENTUREBEAT