GFR Fund

GFR Fund is a San Francisco-based venture capital fund that focuses on investing in early-stage startups within the consumer entertainment sector. Established in 2016 and managed by GREE VR Capital, an affiliate of GREE Inc., GFR Fund seeks to drive innovation by supporting companies that leverage emerging technologies such as virtual reality, augmented reality, artificial intelligence, video streaming, and blockchain. The fund aims to invest in 30 to 40 companies over a three-year period, targeting opportunities across the United States, Europe, Asia, and Africa. GFR Fund is particularly interested in startups involved in gaming, entertainment, consumer technology, and related industries, with a commitment to fostering talented entrepreneurs who align with its vision for the future of entertainment.

Gran Fredrick

Analyst

Yasushi Komori

General Partner

Jeremy Lim

Senior Associate

Kinuko Tanaka

Associate

29 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.

Vshojo

Seed Round in 2022
VShojo is a talent-focused VTuber company dedicated to supporting the growth and success of its members. It operates in the emerging US VTuber scene, providing resources and industry expertise to help virtual content creators thrive. The company features a roster of content creators who utilize animated avatars as their public personas on platforms such as YouTube and Twitch. Co-founded by Justin “TheGunrun” Ignacio and Phillip "MowtenDoo" Fortunat, VShojo aims to innovate within the VTubing space while respecting the contributions of earlier pioneers in the field. By fostering an environment that encourages creativity and audience engagement, VShojo enables VTubers to connect with their fanbases and expand their reach across various digital platforms.

Flow

Series A in 2022
Flow is a technology company focused on simplifying the complexities of fund infrastructure and transforming commercial real estate. By integrating advanced analytics and artificial intelligence, Flow connects information across investors, providers, investments, and systems. Its cross-platform SaaS technology is designed to optimize productivity and enhance decision-making processes within the $10 trillion alternative asset market. Flow's dynamic tools and human-centric interfaces enable users to navigate various operational models effectively, thereby accelerating decision-making, capital deployment, and overall growth. This approach aims to empower stakeholders across market-based economies by streamlining operations and enhancing the speed at which critical financial decisions are made.

Edgegap

Series A in 2021
Edgegap Technologies Inc. is a software development company based in Quebec City, Canada, specializing in gaming infrastructure services through edge computing. Founded in 2018, the company provides innovative solutions that enable video game studios, publishers, and developers to effectively manage multiplayer environments. By leveraging edge computing technology, Edgegap offers unique methods for optimizing gaming experiences and monetizing various use cases within the gaming industry.

Phiar

Series A in 2021
Phiar Technologies, Inc. is an artificial intelligence company based in Boston, Massachusetts, founded in 2017. The company specializes in developing an ultra-lightweight Spatial AI Engine designed to enable vehicles to perceive their surroundings in real-time using only commodity mobile-grade processors and a single camera. Phiar's primary focus is on its Intelligent Augmented Reality (AR) Navigation Platform, which aims to enhance the driving experience by providing intuitive routing directions on a 2D map. This application offers real-time road understanding, allowing drivers to follow directions without diverting their attention from the road, thereby improving safety and facilitating the advancement of connected cars and advanced driver-assistance systems (ADAS).

VRChat

Series D in 2021
VRChat is a virtual reality social platform established in 2014 and headquartered in San Francisco, California. It enables users to create and explore virtual worlds, allowing them to interact with others in a social setting. The platform facilitates the development of custom avatars and the building of 3D environments, which users can navigate together. Content creators can publish their virtual worlds and sell them through the VRChat marketplace, enhancing the platform's community-driven experience. By providing tools that allow for quick and easy world-building, VRChat fosters creativity and collaboration among its users, making it a unique space for social engagement in virtual reality.

bur-image

Seed Round in 2021
Simplified is the all-in-one design platform where freelancers and entrepreneurs can collaborate, scale, and grow their content— effortlessly and beautifully.

Infinite Objects

Seed Round in 2021
Infinite Objects, Inc. is a company based in the United States that specializes in the development of digital frames designed to showcase digital content in a physical format. By placing moving images within frames, the company transforms digital art into a tangible experience, allowing individuals to enjoy and collect moving art in a manner akin to traditional art prints or photographs. In addition to its digital frame offerings, Infinite Objects operates an online design store that features a variety of homeware designs, stickers, and seasonal gifts.

Hiber

Seed Round in 2021
Hiber AB provides a browser-based game creation and social gaming platform. It allows users to design own games without the need to code and play the games created by other users on the Web browser, mobiles, tablets, and personal computers. Hiber AB was founded in 2017 and is based in Gothenburg, Sweden.

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
Developer of an entertainment software designed to provide third-person action games. The company's platform provides multiplayer games and an online battle arena, enabling users with an interactive gaming experience.

Pocket Worlds

Series A in 2021
Pocket Worlds is a community-building metaverse platform that enables users to create personalized avatars, environments, and fashion. The platform is designed for social interaction and offers creative tools that enhance user engagement through virtual chats. By focusing on blockchain and user-friendly experiences, Pocket Worlds fosters connections among users, allowing them to express themselves and build friendships across geographic boundaries. The platform's games are developed with a long-term vision, encouraging social play that can be enjoyed for decades.

Apprentice

Series B in 2020
Apprentice FS, Inc. offers an industrial augmented reality platform tailored for research and development, as well as manufacturing sectors, particularly within the life sciences. Founded in 2014 and based in Jersey City, New Jersey, the company provides an intelligent manufacturing execution system that incorporates artificial intelligence and augmented reality technologies. Its platform features modules such as Tandem, Manuals, and BioCapture, which are compatible with various smart glasses and facilitate hands-free operation in laboratory and manufacturing environments. This system allows users to record data, manage batch records, and oversee assays and procedures while ensuring critical information is readily available, thereby minimizing process deviations. Apprentice serves a range of industries, including pharmaceuticals, biotech, chemicals, consumer goods, and cosmetics, aiming to enhance efficiency and speed in drug production and other processes.

Stakester

Seed Round in 2020
Stakester Ltd is a skill-based competition platform that facilitates competitions among gamers and sports enthusiasts for prizes. Founded in 2019 and headquartered in London, with an additional office in New York, Stakester supports a wide array of online games, including popular titles like Call of Duty, FIFA 21, and UFC 4, as well as traditional sports such as pool, chess, golf, badminton, and table tennis. The platform serves as both a competition facilitator and a marketplace, allowing users to engage in one-on-one matchups and earn rewards based on their skills. Stakester aims to provide a meaningful way for players to compete and monetize their gaming abilities.

Hiber

Seed Round in 2020
Hiber AB provides a browser-based game creation and social gaming platform. It allows users to design own games without the need to code and play the games created by other users on the Web browser, mobiles, tablets, and personal computers. Hiber AB was founded in 2017 and is based in Gothenburg, Sweden.

Phiar

Seed Round in 2020
Phiar Technologies, Inc. is an artificial intelligence company based in Boston, Massachusetts, founded in 2017. The company specializes in developing an ultra-lightweight Spatial AI Engine designed to enable vehicles to perceive their surroundings in real-time using only commodity mobile-grade processors and a single camera. Phiar's primary focus is on its Intelligent Augmented Reality (AR) Navigation Platform, which aims to enhance the driving experience by providing intuitive routing directions on a 2D map. This application offers real-time road understanding, allowing drivers to follow directions without diverting their attention from the road, thereby improving safety and facilitating the advancement of connected cars and advanced driver-assistance systems (ADAS).

Fable Studio

Venture Round in 2020
Fable Studio, Inc. is a San Francisco-based company founded in 2017 that specializes in developing content featuring artificial intelligence characters for augmented and virtual reality platforms. The studio focuses on interactive cinematic projects, emphasizing the creation and nurturing of characters that are both stylish and approachable. Fable Studio's creator-driven teams are designed to remain agile, allowing them to take creative risks and explore innovative approaches that go beyond traditional production methods.

The Meta

Seed Round in 2020
The Meta Game Inc. is a company focused on developing training tools for first-person shooter (FPS) gamers, enhancing their skills across all levels. Its primary product, KovaaK, features a range of capabilities including realistic weapon simulation, target and dodging physics, and customizable training scenarios tailored to individual user profiles. The company integrates principles from performance science, game development, and machine learning to create effective training modules that help gamers refine their tactics and improve their gameplay. Founded in 2017 and based in San Francisco, California, The Meta Game Inc. aims to advance the eSports training landscape.

GameClub

Venture Round in 2019
GameClub Inc., founded in 2017 and based in New York, develops a mobile gaming platform that focuses on reviving classic premium mobile games. The company utilizes the original source code of each game, updating it to align with modern technology standards. GameClub offers a curated selection of quality games, ensuring an experience free from intrusive advertisements and microtransactions. This approach allows gamers to enjoy titles that may have become unavailable, while emphasizing meticulous care and attention to detail in the remastering process.

Edgegap

Seed Round in 2019
Edgegap Technologies Inc. is a software development company based in Quebec City, Canada, specializing in gaming infrastructure services through edge computing. Founded in 2018, the company provides innovative solutions that enable video game studios, publishers, and developers to effectively manage multiplayer environments. By leveraging edge computing technology, Edgegap offers unique methods for optimizing gaming experiences and monetizing various use cases within the gaming industry.

FanAI

Series A in 2019
FanAI Inc. operates an artificial intelligence-driven audience monetization platform, primarily targeting the esports industry and its associated sponsorship ecosystems. Established in 2016 and located in Santa Monica, California, the company provides sponsors with valuable insights into fan behavior, enabling them to cultivate targeted relationships with fans and predict their responses. The platform offers a range of features, including dashboards, real-time analysis, fan segmentation, behavior analytics, and metrics for measuring return on investment and sponsorship effectiveness. By making audience data actionable, FanAI aims to enhance franchise and sponsorship revenues for event organizers, game publishers, leagues, teams, digital agencies, and brands.

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 social platform established in 2014 and headquartered in San Francisco, California. It enables users to create and explore virtual worlds, allowing them to interact with others in a social setting. The platform facilitates the development of custom avatars and the building of 3D environments, which users can navigate together. Content creators can publish their virtual worlds and sell them through the VRChat marketplace, enhancing the platform's community-driven experience. By providing tools that allow for quick and easy world-building, VRChat fosters creativity and collaboration among its users, making it a unique space for social engagement in virtual reality.

Phiar

Seed Round in 2018
Phiar Technologies, Inc. is an artificial intelligence company based in Boston, Massachusetts, founded in 2017. The company specializes in developing an ultra-lightweight Spatial AI Engine designed to enable vehicles to perceive their surroundings in real-time using only commodity mobile-grade processors and a single camera. Phiar's primary focus is on its Intelligent Augmented Reality (AR) Navigation Platform, which aims to enhance the driving experience by providing intuitive routing directions on a 2D map. This application offers real-time road understanding, allowing drivers to follow directions without diverting their attention from the road, thereby improving safety and facilitating the advancement of connected cars and advanced driver-assistance systems (ADAS).

Apprentice

Series A in 2018
Apprentice FS, Inc. offers an industrial augmented reality platform tailored for research and development, as well as manufacturing sectors, particularly within the life sciences. Founded in 2014 and based in Jersey City, New Jersey, the company provides an intelligent manufacturing execution system that incorporates artificial intelligence and augmented reality technologies. Its platform features modules such as Tandem, Manuals, and BioCapture, which are compatible with various smart glasses and facilitate hands-free operation in laboratory and manufacturing environments. This system allows users to record data, manage batch records, and oversee assays and procedures while ensuring critical information is readily available, thereby minimizing process deviations. Apprentice serves a range of industries, including pharmaceuticals, biotech, chemicals, consumer goods, and cosmetics, aiming to enhance efficiency and speed in drug production and other processes.

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.
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