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Cryptoknowmics 2022-07-07 12:37:13

Konvoy Ventures Launches $150 Million Fund Targeting Web3 Gaming

A $150 million gaming investment fund has been launched by venture capital firm Konvoy Ventures, focusing on Web3 and blockchain-based gaming as well as other verticals. A press release states that the Fund would also consider gaming platforms and businesses at the nexus of sectors, including education and healthcare. The Fund will broaden its geographic reach into Asia and Latin America while concentrating on the US, Europe, and Africa. We are excited to announce our new $150M fund, Konvoy Fund III, which we’ll use to invest in #preseed, #seed and #SeriesA companies operating at the frontier of #gaming. To find out more about Konvoy Fund III head to this @business article – — Konvoy (@konvoyventures) July 6, 2022 Konvoy Hopes Gaming Industry’s Massive Growth The corporation said it wanted to capitalize on the enormous increase the gaming sector experienced during the pandemic. According to data in the release, three billion gamers are currently using mobile, console, and PC platforms. In a statement, managing partner Jackson Vaughan said, “This new fund will not only allow us to focus on other geographic locations but also new types of businesses and technology.” Vaughan further highlighted the lesson the world learned during that unprecedented change and the vast opportunities the gaming sector offers. Since the launch of Fund I, he said, their growth and industry influence have been “wonderful.” Axie...

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