Griffin Gaming Partners has announced the launch of its second fund, which will focus on investing in seed and growth rounds of companies dedicated to building blockchain and traditional games.
to be oversubscribed raising $750 million, is one of the biggest funds dedicated to interactive entertainment investments.According to numbers coming from the firm, gaming has become a ubiquitous form of entertainment, surpassing movies, music, and books combined. Per reports, the sector is expected to grow by 248% over the next decade. This opportunity is what is said to fuel Griffin Gaming Partners to aggressively invest in the industry.
Peter Levin, one of the founding partners of the firm, clarified the way in which these funds will be spent. In an interview given to Forbes, he stated:We’re not a spray-and-pray fund. We’re not going to have 70 companies in the portfolio at any given time. We’re going to continue to take that disciplined approach.
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