Game developer


Griffin closes oversubscribed $750 million Fund II, providing strong support for early and late-stage global gaming businesses.

Griffin Gaming Partners (Griffin) today announced that its oversubscribed offering $750 million Fund II makes it one of the largest venture capital funds solely focused on the global gaming market, with over $1 billion assets under management (AUM). The company was founded by Pierre Levin, Phil Sandersonand Nick Tuosto, with LionTree as the Fund’s strategic partner. Peter, Phil and Nick are avid gamers with decades of collective experience investing, advising and operating in the games industry.

With one of the longest track records in the gaming industry, Griffin invests in content, software infrastructure, and social platforms, as well as gaming-related Web3 companies. Some Griffin investments include Forte, Discord, AppLovinOverwolf, WinZO and Spy Games.

“Griffin Gaming Partners aims to unlock value and growth for our portfolio companies as informed advisors and connectors,” said Pierre Levingeneral manager of Griffin Gaming Partners. ‘With over $1 billion of AUM, we have extensive relationships, honed perspectives, and the creative instinct to uncover hidden gems, find synergistic partnerships, and structure complex deals that impact the gaming ecosystem.

Massive growth makes gaming the dominant form of media

The video game market is now larger than movies, music and books combined, and is the fastest growing consumer trend in the world, with an expected growth of 248% over the next decade, according to New zoo.

The global gaming market is expected to reach a staggering level $256 billion annual consumer spending in 2025. A third of the world’s population, 3.1 billion gamers, play games for almost an hour a day. Consumers spent an average of more than 5 billion hours and $1.7B+ per week on mobile games in the first half of 2021. [Sources in order: Newzoo, DFC Intelligence, App Annie]

“The lines have blurred between games, media, sports and social connectivity,” said Phil Sandersongeneral manager of Griffin Gaming Partners. “Seeing over 1,300 qualified investment opportunities per year gives us a broad view of the industry and what it will take to succeed in the next phase of interactive entertainment across all platforms, genres and data. demographics.”

From Seed to Growth: Extraordinary Value for Entrepreneurs

Investing in seed through growth cycles, Griffin’s track record is the result of pattern recognition drawn from historical insights, proprietary research and hands-on experience supporting portfolio company growth. The Griffin team analyzes massive amounts of data and reviews over 1,300 qualified investment opportunities per year to illuminate prospects for growth, retention and monetization. The company helps its portfolio companies recruit and grow their businesses by leveraging its unique resources and focusing on games.

Investing at the intersection of content, software infrastructure and social platforms

Griffin makes complementary investments across the gaming ecosystem supporting its intelligence-driven, data-driven investment strategy, focusing on proven teams with experience in scaling companies.

According to Nick Tuostogeneral manager of Griffin Gaming Partners and LionTree, “Our thesis is simply that through our focus and dedicated analytical capabilities, we can make sense of huge amounts of data and see around corners. This informs our risk-reward assessment, but also allows us to go to work for our portfolio companies through business development and advice aligned with navigating these very dynamic market conditions. He added, “We are here for our portfolio companies to help them open the right doors at the right time to unlock transformational opportunities.

On Griffin Gaming Partners

Griffin Gaming Partners is one of the world’s largest venture capital firms exclusively focused on the global gaming market with over $1 billion AT M. The company was founded by Pierre Levin, Phil Sandersonand Nick Tuosto, with LionTree as the Fund’s strategic partner. Investing in seed through growth stages at the intersection of infrastructure, distribution, content and platforms, Griffin deploys capital into companies like Forte, WinZO, Overwolf, Discord, AppLovinTouch, Spy Gamesneon, hadi, DeHorizon, SuperTeam and Palm. For disclaimers and more information:

Media Contact: Nicole DeMeoOutfront Solutions, [email protected], 415.533.2599

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