Saturday, May 25, 2024
HomeTechnologyGriffin Gaming Partners focuses on web 3 based gaming

Griffin Gaming Partners focuses on web 3 based gaming

Griffin Gaming Partners announced that the company has raised funds a second time, which is an estimation of $750 million. Phil Sanderson and Nick Tuosto of Griffin Partners said that they had already made 16 Web 3 investments, accounting for more than half of the invested funds.

Griffin’s Fund II received investments from large institutions, university endowments, family offices, sovereign wealth funds, and gaming industry strategic partners, according to Tuosto. Griffin Gaming was created in 2019 by Sanderson, Tuosto, and Peter Levin, with LionTree—a boutique M&A company where Tuosto works as managing director—as Griffin’s strategic partner.

Griffin invests in seed to growth rounds in game content, software infrastructure, social platforms, and gaming-related Web 3 businesses. Forte, a blockchain gaming platform, and Discord, a messaging app popular in crypto circles, are among the portfolio businesses.

Sanderson said in the news announcement, “The lines have blurred across gaming, media, sport, and social networking.” By reviewing over 1,300 suitable investment prospects every year, we gain 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.

Related Posts:
Jeewan Singh
Jeewan Singh
Jeewan Singh is CryptoShrypto’s content writer and a seasoned writer with over two years of experience in writing about Indian Securities Market. Jeewan's participation in Blockchain and Cryptocurrency started in late 2020, and he hasn't looked back since. The technical and economic outcomes of cryptocurrency are what spark his curiosity, and he keeps one eye on the market.


Please enter your comment!
Please enter your name here

12 + eighteen =

- Advertisment -

Most Popular