GFR Fund

Founded in 2016, GFR Fund is a venture capital arm of GREE based in San Francisco, California. The firm seeks to invest in early-stage startups that are engaged in the virtual reality, games, sports, consumer apps, media, and consumer entertainment industries.

Gran Fredrick

Analyst

Teppei Tsutsui

Managing Partner

35 past transactions

Digs

Seed Round in 2023
Digs is a web-based collaboration platform that leverages AI to make it simple for builders to store documents, collaborate on home builds, and generate automatic digital homeowner handoffs. Digs’ results in more efficient builds and a full digital understanding [digital twin] of the home for the homeowner that is both usable and shareable.

Sanlo

Series A in 2022
At Sanlo, we're more than just a software company; we're the cheat code for the business side of your gaming venture. Born from a deep-rooted passion for games and an intimate understanding of the challenges faced by game developers, we’ve crafted specialized products that simplify and supercharge your gaming business, so you can focus on what you do best—creating unforgettable gaming experiences.

VShojo

Seed Round in 2022
VShojo is a talent-first VTuber company working for the growth and success of its members. VShojo applies its deep bench of industry knowledge to service the high influx of rising virtual stars in the nascent US VTuber scene. The company is composed of content creators who use animated avatars as their public-facing personas on YouTube, Twitch, and other platforms. The company was co-founded by CEO Justin “TheGunrun” Ignacio and CTO Phillip "MowtenDoo" Fortunat.

Flow

Series A in 2022
Flow solves the complexity of fund infrastructure. We connect information across investors, providers, investments and systems to realize our mission of empowering thought. Powered by dynamic tools and human centric interfaces, our cross platform SaaS technology networks and adapts to the myriad of ways funds operate to optimize productivity and increase time invested into making decisions. By bringing Flow to the $10 Trillion alternative asset market, we are able to increase the speed of decisions, the speed of capital and the speed of growth that serve as the lifeblood for all market based economies.

Edgegap

Series A in 2021
Software development company specialized in Edge Computing infrastructures. Developed unique solutions to monetize use cases like video games.

ProphetX

Seed Round in 2021
Prophet solves the price and liquidity issues riddled with the sportsbook model today. Users can set prices for others to take, or take positions on the prices already available. This gives users the best odds and separates ProphetX from traditional sportsbooks.

Phiar Technologies

Series A in 2021
Phiar is an ultra-lightweight AI company, building the world's most advanced Ultra-Lightweight Spatial AI Engine to enable every vehicle to see its surroundings, running real-time at the edge, using just commodity mobile-grade processors and existing automotive computing platforms with a single camera. Focused first on powering our Intelligent AR Navigation Platform, as the anchoring/foundational use-case to transform driving experience and safety, and to ultimately enable the next-gen connected cars and ADAS services.

VRChat

Series D in 2021
VRchat is a virtual reality. That allows users to build social virtual reality content. Their social VR experiences by giving the creation to the community. They provide 3-D spatialized audio, games, avatar creation, and events. Their 3-D spatialized audio helps to hear the conversations.

Simplified

Seed Round in 2021
Simplified is an all-in-one, AI-powered app to help teams and businesses with content creation and marketing. You can design, create videos, write copy and manage social media without switching tabs. With Simplified, you can streamline your content creation process and increase productivity by utilizing its AI-powered tools for creating engaging and high-quality content. This app offers a wide range of features, including a video editor, graphic design tools, and a social media scheduler. Moreover, Simplified provides you with ready-made templates that you can customize as per your requirements. These templates ensure your content is consistent and on-brand.

Infinite Objects

Seed Round in 2021
Infinite Objects is a company building physical collectibles (“Video Prints”) and web3 integrations for digital content backed by blockchain assets. From personal moments to art, entertainment, sports, and NFTs - We Print Video so it can be enjoyed outside of the browser and apps in the form of beautiful, permanently treated immutable design objects.

Hiber

Seed Round in 2021
Hiber has created a gaming and entertainment platform where people can play and create on their mobile devices and PCs. Hiber was founded in 2017 and is based in Gothenburg, Sweden and operates Hiber social Apps (Hiber), and a web-based entertainment platform, HiberWorld. The team originally created HiberWorld as a place for people to create their own 3D interactive experiences and share them with others, without the need to code. Initially, everything was browser-based and in 2019 the company reached a major milestone when it released touch creation mode, bringing the experience of making and sharing UGC creations to mobile devices with touch screens. Since then, More than 1 Million experiences have been created including virtual worlds, 3D hangouts, games, playgrounds, speed-run challenges, interactive science museums, roller coasters, pixel art showcases, and more. As the company has added more social features, it has seen explosive growth amongst mobile users. At its root, Hiber is giving people a new language with which to communicate using interactive 3D elements, without the need to code, so anyone can tell their story or deliver their message to the world.

Theta Labs

Venture Round in 2021
Theta Labs, Inc., founded in 2017 and based in Cupertino, California, is the developer of the Theta Network, a decentralized blockchain-powered video streaming platform. The network enables users to share their bandwidth in a peer-to-peer manner, facilitating efficient video delivery while rewarding them with cryptocurrency. By leveraging existing streaming applications, Theta Network allows users to stream live content from popular platforms with reduced latency, thereby lowering content delivery costs for video providers. The company has attracted strategic investments from notable corporate entities, including Samsung NEXT and Sony Innovation Fund, as well as various media and venture capital firms. Theta Labs operates as a subsidiary of Sliver VR Technologies, Inc.

Omeda Studios

Seed Round in 2021
Omeda Studios is a game developer of cross-platform third-person multiplayer online battle arena games. Predecessor, a third-person action shooter MOBA currently in development for PC and console, is the company's first release. As a studio that prioritizes community, Predecessor has already amassed an engaged audience of over 35,000 Discord fans and well over 100,000 signups prior to its release. Omeda Studios was founded in 2020 and is headquartered in London.

Pocket Worlds

Series A in 2021
Pocket Worlds is a fast-growing Y Combinator-backed company with over 40 million users. They are building bleeding-edge technology for developers and amateurs to create immersive experiences and worlds inside the Highrise virtual universe. Founded in 2015.

Apprentice.io

Series B in 2020
Apprentice.io’s disruptive technology helps pharma manufacturers get medicine to patients faster by providing one platform to turn molecules into medicine. The Tempo Manufacturing Cloud is an intelligent platform that integrates augmented reality, voice recognition, and artificial intelligence into wearable, mobile, and desktop devices to offer a virtual collaboration application and robust manufacturing and lab execution systems that reduce human error and inefficiency in the drug production process.

Layer AI

Seed Round in 2020
Layer AI is the number one productivity tool for gaming creators. Whether creating solo or working in a team, creators of any skill level can train the AI using their own artwork and create infinite new variations. Layer allows gaming creators ship games faster overall and run them more effectively by shipping monetization and marketing art more effectively. Layer AI currently serves 100s of gaming creators of any size globally.

Stakester

Seed Round in 2020
Stakester is a mobile first skill-based competition platform that enables competitors to compete with each other for prizes. It supports the biggest online games and one to one sports. With offices in London and New York, Stakester was founded in 2019.

Hiber

Seed Round in 2020
Hiber has created a gaming and entertainment platform where people can play and create on their mobile devices and PCs. Hiber was founded in 2017 and is based in Gothenburg, Sweden and operates Hiber social Apps (Hiber), and a web-based entertainment platform, HiberWorld. The team originally created HiberWorld as a place for people to create their own 3D interactive experiences and share them with others, without the need to code. Initially, everything was browser-based and in 2019 the company reached a major milestone when it released touch creation mode, bringing the experience of making and sharing UGC creations to mobile devices with touch screens. Since then, More than 1 Million experiences have been created including virtual worlds, 3D hangouts, games, playgrounds, speed-run challenges, interactive science museums, roller coasters, pixel art showcases, and more. As the company has added more social features, it has seen explosive growth amongst mobile users. At its root, Hiber is giving people a new language with which to communicate using interactive 3D elements, without the need to code, so anyone can tell their story or deliver their message to the world.

Fable Studio

Venture Round in 2020
Fable Studio aims to create and nurture characters with style and approachability. Fable creator-driven teams remain nimble enough to take necessary risks and explore more than we could in a traditional pipeline.

The Meta

Seed Round in 2020
The Meta is an e-sports training platform for the hundreds of millions of gamers who play first-person shooters. It uses sports performance science, game development, and machine learning to turn gamers into aim bots.

GameClub

Venture Round in 2019
GameClub is reviving genres that are hard to find on mobile, such as adventure, action, tower defense, and arcade, to name a few. The games in the company are bold, goofy, gruesome, devious, eerie, and silly... whatever your mood, we have a game for you. GameClub was acquired by Take-Two Interactive Software in March 2022.

Edgegap

Seed Round in 2019
Software development company specialized in Edge Computing infrastructures. Developed unique solutions to monetize use cases like video games.

FanAI

Series A in 2019
FanAI is an AI-driven esports audience monetization platform. They transform sport sponsorship investments to focus on driving sales. They delivers actionable audience insights and offline attribution to drive improved sponsorship outcomes.

RTFKT

Seed Round in 2019
RTFKT is a developer of custom sneakers designed for video game enthusiasts. The company offers limited edition custom sneakers along with a unique virtual versions for users to try on and unlock special effects.

ProGuides

Seed Round in 2019
ProGuides was founded with one mission: to help gamers take their play to a new level. Members access premium courses and on demand game coaching. ProGuides makes it possible for anyone to learn from and play with the best. ProGuides currently has 60+ courses (1000+ lessons) featuring 20+ of the best eSports pros from Fortnite, League of Legends, Hearthstone, Counter-Strike: Global Offensive, Super Smash Bros. Ultimate, Magic the Gathering: Arena, and Overwatch.

VRChat

Series C in 2019
VRchat is a virtual reality. That allows users to build social virtual reality content. Their social VR experiences by giving the creation to the community. They provide 3-D spatialized audio, games, avatar creation, and events. Their 3-D spatialized audio helps to hear the conversations.

ProphetX

Pre Seed Round in 2019
Prophet solves the price and liquidity issues riddled with the sportsbook model today. Users can set prices for others to take, or take positions on the prices already available. This gives users the best odds and separates ProphetX from traditional sportsbooks.

Phiar Technologies

Seed Round in 2018
Phiar is an ultra-lightweight AI company, building the world's most advanced Ultra-Lightweight Spatial AI Engine to enable every vehicle to see its surroundings, running real-time at the edge, using just commodity mobile-grade processors and existing automotive computing platforms with a single camera. Focused first on powering our Intelligent AR Navigation Platform, as the anchoring/foundational use-case to transform driving experience and safety, and to ultimately enable the next-gen connected cars and ADAS services.

YBVR

Seed Round in 2018
YBVR(www.ybvr.com) creates video-centric immersive experience. YBVR technology provides top quality of immersive experiences to the sport industry across multiple device platforms: mobile, web or XR devices. YBVR has a solid track record in Immersive Sports since 2017. Among others, Real Madrid, Australian Open tennis, Winter X Games, Euroleague Basketball, Fan Controlled Football League, Verizon, Singtel and Telefonica, already trust YBVR as immersive technology partner. In 2022, in partnership with Meta, YBVR launched Xtadium, the home for sports in the Metaverse, featuring content from NBA, UFC, NASCAR, WNBA, NBA2K, among others.

Apprentice.io

Series A in 2018
Apprentice.io’s disruptive technology helps pharma manufacturers get medicine to patients faster by providing one platform to turn molecules into medicine. The Tempo Manufacturing Cloud is an intelligent platform that integrates augmented reality, voice recognition, and artificial intelligence into wearable, mobile, and desktop devices to offer a virtual collaboration application and robust manufacturing and lab execution systems that reduce human error and inefficiency in the drug production process.

Highrise

Seed Round in 2018
Highrise is a creative mobile community where people create avatars, express themselves, and make friends. Its platform includes built-in user-generated avatars that let its users engage in real-time virtual chats, read reviews, surf across the latest news feed and keep in touch with their friends to customize and self-designed games, enabling users to make new friends, host real-time games and create fun contents for publicizing. It was founded in 2018 and is headquartered in San Francisco, California.

ProGuides

Pre Seed Round in 2018
ProGuides was founded with one mission: to help gamers take their play to a new level. Members access premium courses and on demand game coaching. ProGuides makes it possible for anyone to learn from and play with the best. ProGuides currently has 60+ courses (1000+ lessons) featuring 20+ of the best eSports pros from Fortnite, League of Legends, Hearthstone, Counter-Strike: Global Offensive, Super Smash Bros. Ultimate, Magic the Gathering: Arena, and Overwatch.

Alter

Pre Seed Round in 2018
Alter is a platform SDK consisting of a real-time 3D avatar system and motion capture built from scratch for web3 interoperability and the open metaverse. Developers can pipe avatars into their apps, games, and websites. They offer computer vision, 3d technology, web3, machine learning, avatars, rendering engines, blockchain, and NFTs.

Rad

Venture Round in 2017
Rad operates a global network focused on virtual reality, 360 video, and immersive experiences, catering to the growing demand for innovative content consumption. Through its platform, Rad delivers a diverse range of programming, including eSports, music, comedy, and sports, appealing particularly to Millennial and Gen Z audiences. The service stands out by offering a variety of viewing formats such as 2D, 3D, 4K, live, and immersive VR content. Additionally, Rad incorporates blockchain technology and peer-to-peer networking, enabling viewers to earn rewards points and engage with the community. This unique combination positions Rad as a hub for next-generation viewers seeking edgy and interactive entertainment.

Experiment 7

Seed Round in 2017
Experiment 7 is a game studio that is focused on the development of strategy games. They create VR strategy games that provide a "better than life" experience, allowing players to reunite with friends for a good old fashioned game night or meet new players online to form new friendships.
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