Inevitable Games Fund debuts with $100 million in early-stage Web3 gaming startups

King River Capital, Immutable, and Polygon Labs launch the Inevitable Games Fund, a $100 million commitment to invest in early-stage Web3 gaming startups.

IGF plans to leverage the collective expertise and resources of Web3 industry leaders to identify and support high-growth opportunities for investors.

The fund, led by King River Capital and created in partnership with Immutable and Polygon Labs, comes at a critical time as gaming venture capital investment in Web3 games has declined over the past few quarters amid the crypto downturn. I am. Times may be changing, with the price of Bitcoin soaring to new levels. Many of the gaming startups that have survived the long winter so far may need help to get to the finish line, and there may be room for new startups to enter.

The fund has commitments from high-profile investors including Alpha Wave Ventures, Merit Circle, and several prominent family offices, and IGF is positioned to drive innovation and growth across the gaming industry.

The fund has already identified a strong pipeline of investment opportunities, securing seven early-stage investments including Pixelmon, Metalcore, Guild of Guardians and My Pet Hooligan. These ventures represent a diverse range of gaming experiences, from decentralized gaming IP to Hollywood-style animation with a twist on team deathmatch gameplay.

“Spending on video games exceeds global revenue from movies, streaming TV, and the music industry combined, and represents a huge “The opportunity is ripe for profitability.”
Technology shift. ”

Rice continued, “Just as mobile gaming grew from virtually nothing in 2008 to 79% of gamers now playing mobile games, Web3 technology is just beginning to undergo a similar shift. We believe this fund will provide investors with the opportunity to gain unique access to the best Web3 gaming projects around the world, and stand to benefit from the hundreds of billions of dollars in spending shifting towards this disruptive new technology. It is designed to.”

Robbie Ferguson, president of Immutable, echoed Rice’s sentiments.

“We are excited to partner with King River Capital and launch this pioneering fund with support from Polygon Labs,” said Mr. Ferguson. “The combination of our expertise, global relationships and industry puts the Fund in an ideal position to identify and invest in the best Web3 gaming and gaming infrastructure opportunities around the world.”

King River Capital is a leading investor in early to mid-stage, high-growth technology businesses focused on solving critical problems within large-scale markets. Since its founding in 2019, King River has invested in 32 companies across North America and Australia, with notable investments being in cryptocurrencies and Web3, including Immutable and Discord.