GFR Fund Expands its Portfolio in Digital M&E and eSports

GFR Fund expands its portfolio by increasing investments through another round of funding for eSports-focused media companies.

FREMONT, CA: "Through our parent company, GREE, a Japanese leader in mobile gaming, we have close ties to the Asian market that helps us to build an interesting portfolio and propel our investments into that lucrative market. Through our network in Asia, we see developing technologies applied to gaming and mixed reality early and often, which inspires our investments. We are also able to help our portfolio companies penetrate the Asian market through distribution deals, visibility and partnerships," says Teppei Tsutsui, CEO and Managing Director of GFR Fund. An early-stage venture capital fund, GFR Fund expanded its portfolio in 2019 with a $20M raise for its second fund, GFR Fund II. GFR Fund II has already invested in eight ground-breaking technology startups disrupting the digital entertainment sector, with a specific focus on eSports.

In a new year, the company looks to bolster its portfolio within this fund further and is seeking founders and technologies in eSports, AI, live streaming, and blockchain. GFR Fund provides its portfolio global business opportunities in the Asian market integrated with deep connections in Silicon Valley and years of experience in digital M&E. Teppei further adds, "As a VC rooted in games and mixed reality, the eSports sector is very attractive to us and has become the foundation of our newest $20M GFR Fund II. We are also looking at technologies that drive growth in eSports such as live streaming, blockchain, artificial intelligence and mobile."

GFR Fund is a San Francisco-based venture capital fund investing in early-stage technology startups disrupting digital M&E. The company is an affiliate of GREE, Inc., a global pioneer in the mobile gaming industry. GFR Fund works with founders who understand their audience, and creatively integrate existing technologies to provide new experiences to users.