Konvoy Ventures Launches $150 Million Fund Targeting Web3 Gaming
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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 Infinity, a troubled play-to-earn game, the avatar platform Ready Player Me, and the game's publisher and payments company Carry1st recently received $20 million and $13 million, respectively, and are currently included in the company's portfolio.
