2 years ago
Griffin Gaming Partners announced an oversubscribed 2nd money with astatine slightest $750 cardinal committed. While the money has a broader gaming manufacture focus, Griffin Partners’ Phil Sanderson and Nick Tuosto told CoinDesk its already logged 16 investments related to Web 3 to date, which accounted for much than fractional of the deployed capital.
“[Web 3] is 1 of our cardinal theses from a macro position wrong games,” said Tuosto. “It’s our presumption that the enablement of integer plus ownership wrong games whitethorn beryllium the azygous astir important technological unlock successful the past of games.”
Investments for Griffin’s Fund II came from large institutions, assemblage endowments, household offices, sovereign wealthiness funds and strategical partners successful the gaming industry, Tuosto told CoinDesk.
Griffin Gaming was founded successful 2019 by Sanderson, Tuosto and Peter Levin, with LionTree - a boutique M&A steadfast wherever Tuosto serves arsenic managing manager - arsenic a strategical spouse to Griffin.
Griffin invests successful effect to maturation rounds for crippled content, bundle infrastructure and societal platforms, arsenic good arsenic gaming-related Web 3 companies. Portfolio companies see blockchain gaming level Forte and Discord, a messaging app fashionable successful crypto circles.
“The lines person blurred crossed gaming, media, sport, and societal connectivity,” said Sanderson successful the property release. “By seeing much than 1,300 qualified concern opportunities a year, we get a bird's oculus presumption into the manufacture and what it volition instrumentality to win successful the adjacent signifier of interactive amusement crossed platforms, genres and demographics.”
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