The team behind GFR Fund (left to right): Songshan Jia (Investment Analyst), Teppei Tsutsui (Managing Partner), Yasushi Komori (Principal)
GFR Fund, an early-stage venture capital fund, today announced it has raised $20 million to launch its second fund, GFR Fund II, with a focus on technology startups disrupting the digital entertainment sector.
GFR Fund is backed by multiple strategic investors from Asia and is an affiliate of leading mobile gaming company GREE, headquartered in Japan. GFR Fund offers its portfolio global business opportunities in the Asian market combined with deep connections in Silicon Valley.
“We are looking beyond traditional game developers to invest in disruptive entertainment technologies,” said Teppei Tsutsui, managing partner of GFR Fund.
The first two investments under GFR Fund II are in the eSports category. GFR Fund is bringing together industry experts from the U.S. and Asia, investors and entrepreneurs to share their views on what Virtual Beings bring to entertainment. This invite only event will take place on March 21st in San Francisco, during the Game Developers Conference.
The GFR Fund is a venture capital fund that works with strategic investors to give early-stage technology companies the opportunity to accelerate growth in the digital entertainment sector.