$750 million overraised, sorting out the encrypted layout of the world's largest game venture capital Griffin

Recently, venture capital institution Griffin Gaming Partners announced that its second fund (Fund II) has been oversubscribed by US$750 million, and the funders include sovereign wealth funds, university endowments, family offices and strategic partners in the gaming industry. Next, the fund will invest in gaming content, software infrastructure and social platforms, as well as gaming-related Web3 companies, from seed to growth rounds.

With the launch of "Fund II", Griffin Gaming Partners has become the largest gaming fund at present. Games One data shows that Griffin's AUM (asset under management) has reached $1.03 billion.

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Not only in the field of traditional games, but also in the field of blockchain games and encryption, Griffin Gaming Partners has also been involved for a long time. On December 15 last year, Griffin launched a $150 million blockchain game fund with Solana Ventures and blockchain gaming platform Forte to support blockchain gaming startups.

Griffin co-founders Philip Sanderson and Nick Tuosto said the agency has made more than a dozen Web3-related investments so far, accounting for more than half of the capital deployed. So what layouts and backgrounds has Griffin Gaming Partners made in the field of chain games and encryption? Next, Rhythm BlockBeats will introduce this game venture capital institution to you.

The largest gaming fund at the moment
Griffin Gaming Partners, headquartered in Santa Monica, California, USA, is a venture capital institution focused on the game field, investing in game content, software infrastructure and social platforms, etc. After entering the encryption field, it also includes game-related Web3 Inc.

The agency was founded by three founders, Peter Levin, Philip Sanderson and Nick Tuosto, who have decades of collective investment, consulting and operational experience in the gaming industry, as well as a strong interest in gaming.

Platform Philip Sanderson, Peter Levin, and Nick Tuosto

Previously, Peter Levin, one of the co-creators, has been investing in the film and television industry and game fields. He is the CEO of Nerdist Industries, a subsidiary of Legendary Pictures, and has served as an interactive partner for Lionsgate (the seventh-grossing film and television agency in North America). President of Corporate, Gaming and Digital Strategy, and Chairman of Immortals Gaming Club, an esports organization that currently owns Clash Royale and League of Legends.

Philip Sanderson has been in the investment business for more than ten years at the game production company Telltale Games and Discord, which also led Griffin Gaming Partners to invest in Discord. Nick Tuosto, a former director of LionTree, a New York investment bank, served as an adviser on Tencent's acquisition of Clash of Clans maker Supercell and FoxNext, and later brought years of investment experience in the Internet and digital media to the Griffin team.

At the beginning of its establishment, Griffin Gaming Partners launched a $235 million fund to invest in game companies at all stages around the world, including start-up game studios, emerging game platforms and infrastructure companies, which was rarely seen in the market at the time. A large-scale game-specific fund.

And Evan Van Zelfden, managing director of Games One, also said in an interview that game funds like Griffin have basically been established in the past decade, and they are making up for the lack of a game-specific venture capital fund for game startups in the past. Sorry for the service provided by the company.

After its second fund was oversubscribed by $750 million, Griffin Gaming Partners has grown rapidly to become the largest gaming fund to date. Not long ago, according to the 2021 game investment data released by Invest Game, Griffin was only ranked sixth in the top 15 VC Funds in the game field.