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King River Capital, Immutable, and Polygon Labs have joined forces to launch the Inevitable Games Fund with $100 million dedicated to investing in early-stage Web3 gaming startups.
The IGF aims to leverage the expertise and resources of industry leaders in Web3 to identify and support high-growth opportunities for investors.
Under the leadership of King River Capital, in collaboration with Immutable and Polygon Labs, the fund arrives at a crucial moment, with game venture capital investments for Web3 gaming showing a decline in recent quarters. However, with the rise in Bitcoin prices, the dynamics may be shifting, offering potential for both existing and new startups in the gaming space.
Backed by investors such as Alpha Wave Ventures and Merit Circle, the IGF is poised to drive innovation and advancement in the gaming industry.
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The fund has already identified promising investment opportunities, with early-stage funding secured for ventures like Pixelmon, Metalcore, Guild of Guardians, and My Pet Hooligan. These startups offer various gaming experiences, from decentralized gaming IP to Hollywood-style animations with an element of team deathmatch gameplay.
Zeb Rice, Managing Partner at King River Capital, emphasized the growth potential in the gaming industry, stating, “Spending on video games exceeds the global revenue from movies, streaming TV, and the music industry combined, indicating a significant technology shift is imminent.”
Rice further added, “Similar to the explosive growth of mobile gaming, we foresee a major transition to Web3 technology. The fund provides a unique opportunity for investors to participate in this transformative shift towards Web3 gaming projects globally.”
Immutable’s President, Robbie Ferguson, echoed Rice’s sentiments, expressing excitement about the fund’s launch and the collaboration with King River Capital and Polygon Labs to identify and invest in top Web3 gaming opportunities worldwide.
King River Capital is renowned for investing in early to mid-stage high-growth technology ventures, with a particular focus on addressing critical challenges in expansive markets. Since its establishment in 2019, the firm has made significant investments in the crypto and Web3 sectors, including companies like Immutable and Discord.
