According to PitchBook, the gaming venture capital firm Griffin Gaming Partners plans to raise $500 million for its third flagship fund, which is 33% smaller than its second fund. Griffin raised $750 million for its second flagship fund in 2022, when venture capitalists' enthusiasm for Web3 and crypto games peaked.
Griffin Gaming Partners led a $185 million Series A funding round for Web3 game developer Forte in 2021, and led a $46 million Series A funding round for blockchain game studio N3twork Studios in 2022.
