Thursday, December 7, 2023

Konvoy Ventures sets $150 million fund for budding gaming companies.

Konvoy Ventures, an early-stage investment firm, has established a $150 million fund for budding gaming companies. It will focus on a number of verticals as well as Web3. The multi-million dollar fund called Konvoy Fund III will center on pre-seed, seed, and Series A funding for those companies creating assets across multiple industries such as healthcare and education.

In an official statement, Konvoy said its management assets are expected to rise to $270 million. The company hopes that its latest fund, despite a declining interest in Web3, will help connect investors to projects in the budding blockchain sector and traditional games studios. Jason Chapman, Konvoy’s managing partner, says the COVID-19 pandemic gave an adrenaline shot to the gaming industry. This is because thousands of people across the world have turned to games as a source of entertainment as well as a way of staying social with their remote communities.

Konvoy, which was established in 2017, focuses on the North American, European, and African markets. It plans to expand into Latin America, South Korea, India, and Southeast Asia. Konvoy’s portfolio is made up of 33 companies that have collectively raised $450 million in follow-on funding and have backed blockchain gaming developers, including Sky Mavis – the creator of Axie Infinity.

Jackson Vaughan, one of Konvoy’s managing partners, said that through the new fund Konvoy will focus on additional geographic regions, as well as new types of companies and technologies. The company also has plans to expand its team to 15 to 20 people by 2023-end. It will deploy more capital to around 30 early-stage companies over the next two and a half years.

Cryptured Team
Cryptured Team
The writers team at is composed of passionate and experienced journalists who cover the latest developments in the crypto and blockchain space. They aim to provide accurate, unbiased and easy-to-understand news and information for their readers, as well as insights and analysis from industry experts. The writers team is always on the lookout for new and exciting stories that can help the general public learn more about the potential and challenges of these technologies.

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