Gree's venture capital affiliate has secured $20m from undisclosed strategic investors for a second fund, following an $18.3m vehicle last year.
GFR Fund, a venture capital investor affiliated with Japan-based digital media company Gree, has raised $20m to back digital entertainment and media startups.
The vehicle, GFR Fund II, has collected limited partner commitments from several unnamed strategic investors in Asia and will focus on helping US-based startups ‘disrupting the digital entertainment sector’ expand into Asia.
The fund will invest in virtual reality, augmented reality, eSports, livestreaming, artificial intelligence and blockchain technology developers. It has already participated in two deals, including…
