- Fund II will continue the successful track record of Patron’s $90 million Fund I
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Patron, an early-stage VC firm, has officially launched its $100 million Fund II with strong support from a mix of institutional and individual investors.
The fund is once again anchored by Horsley Bridge Partners and now includes backing from university endowments, sovereign wealth funds, and family offices.
Fund II aims to build on the achievements of Patron’s $90M Fund I, which supported 21 companies like Altera, Kudos, and Tonic Music.
For example, Altera raised $11.1 million, Kudos saw significant user growth to 200,000 and completed a successful Series A round, while Tonic Music secured additional funding from another venture firm.
Shaping the Future of Consumer Engagement
Notable individual investors in Fund II include Marc Andreessen, Fred Wilson, Garry Tan, Mitch Lasky, Rick Heitzmann, Amish Jani, Ron Conway, and Ho Nam.
Patron co-founder and general partner Brian Cho expressed excitement about the potential for new experiences in the gaming space, as he stated, “We are thrilled to continue supporting forward-thinking founders who are creating innovative experiences for the new gaming-native generation, and transforming how these consumers interact with the internet.”
Founded in 2021 by former Riot Games executives Jason Yeh and Brian Cho, Patron has a strong background in launching successful games like League of Legends and Valorant.
