Griffin Gaming Partners Raises $750 Million For A Web 3 Fund

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.

Griffin Gaming Partners Raises $750 Million For A Web 3 Fund

“[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 Gaming Partners Raises $750 Million For A Web 3 Fund

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.”

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Annie

CoinCu News

Annie

Championing positive change through finance, I've dedicated over eight years to sustainability and environmental journalism. My passion lies in uncovering companies that make a real difference in the world and guiding investors towards them. My expertise lies in navigating the world of sustainable investing, analyzing ESG (Environmental, Social, and Governance) criteria, and exploring the exciting field of impact investing. "Invest in a better future," I often say. That's the driving force behind my work at Coincu – to empower readers with knowledge and insights to make investment decisions that create a positive impact.

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