Griffin Gaming Partners, a venture capital fund focused on Web3 games, has announced a fundraising target of $500 million for its third flagship fund, a decrease of about 33% compared to its previous fund. In 2022, Griffin Gaming Partners raised $750 million for its second flagship fund during the peak of enthusiasm for Web3 and crypto games in the venture capital world. However, the market faced challenges following the bankruptcy of FTX.
To date, Griffin Gaming Partners has invested in several Web3 game studios and infrastructure companies, including Nexus, HyperPlay, Gallium Studios, UnCaged Studios, SuperTeam Games, N3twork Studios, and led a $180 million Series A funding round for Forte.
Source: https://pitchbook.com/news/articles/griffin-gaming-partners-500-million-fund-iii
(Note: The translation is for reference only and does not constitute investment advice.)