• Loading stock data...
Sunday, June 1, 2025

Griffin Gaming Closes $750M Venture Fund

Discord
Discord/Design: Alex Brooks

Griffin Gaming Partners has closed a $750 million venture fund to invest in the gaming space, adding LionTree as a strategic partner to the fund.

The company, which launched its first fund in 2020 with $235 million, now has more than $1 billion in assets under management. 

Amid investments in social platforms, Web3, and content, founder Peter Levin told The Hollywood Reporter that the additional fund will allow for “more investing and investing with larger check sizes and a variety of different stages.”

The list of Griffin-backed companies continues to grow, with founder Phil Sanderson claiming the company sees “more than 1,300 qualified investment opportunities a year.”

  • Digital distribution platform Discord
  • Mobile technology company AppLovin Corp.
  • NFT platform Forte
  • Software platform Overwolf, which helps developers create extensions for games

“There’s an opportunity for more gaming-focused venture capitalists,” said Sanderson, also an investment banker at LionTree. 

Gaming’s Growth

Griffin says the gaming market is now “larger than movies, music, and books combined,” with data from Newzoo expecting the market to grow 248% in the next 10 years. Newzoo found that nearly one-third of the world’s population play games for almost an hour each day.

The global gaming market’s annual consumer spending is estimated to reach $256 billion in 2025.

Linkedin
Whatsapp
Copy Link
Link Copied
Link Copied

What to Read

July 9, 2009; Auburn Hills, MI, USA; Detroit Pistons president Joe Dumars during the press conference to introduce their new head coach John Kuester at their practice facility.

Joe Dumars Leaving NBA League Office to Run Pelicans

Joe Dumars was the architect of the 2004 champion Pistons.
Mar 20, 2025; Providence, RI, USA; Arkansas Razorbacks forward Karter Knox (11) controls the ball against Kansas Jayhawks during the first half at Amica Mutual Pavilion.

Men’s March Madness Sets Opening-Day Viewership Record

CBS Sports and TNT Sports scored big with Arkansas–Kansas.
Arch Manning

EA Sports to Pay Players $1,500 for College Football Game, With Royalties..

A company is still negotiating for royalties, a source tells FOS.

Callaway’s LIV Deal Shows How Much Golf Has Shifted

The company has signed a first-of-its-kind club contract.

Featured Today

PSG and the City of Paris Can Join European Soccer’s Elite

What a maiden Champions League title would mean for the French club.
May 30, 2025

How the Champions League Anthem Took on a Life of Its Own

The composer didn’t know he wrote a timeless hit three decades ago.
May 25, 2025

How Rolex Paved the Way for Luxury’s Love Affair With Tennis

“It’s almost impossible to think about tennis without thinking about Rolex.”
Mar 23, 2025; Miami, FL, USA; Alexandra Eala (PHI) reacts after winning a point against Madison Keys (USA)(not pictured) on day six of the Miami Open at Hard Rock Stadium.
May 24, 2025

Alex Eala Is Defying Her Country’s Odds to Make French Open History

The Philippines native has overcome a unique set of financial odds.

FanDuel Misses Projections As Betting Favorites Dominate 

FanDuel is hit by customer-friendly betting outcomes during March Madness.
February 20, 2025

Americans Bet $148 Billion on Sports in 2024, Up 23.6%

Both overall handle and revenue rose by more than 20% last year.
March 4, 2025

FanDuel Retains Sports Betting Crown With $14B in 2024 Revenue

The FanDuel parent company posts big increases in revenue and net income.
Sponsored

Game On: Portfolio Players Stories, Brought to You by E*TRADE from Morgan Stanley

In Episode 7 of Portfolio Players, go inside the boardroom with Avenue Capital CEO and former Milwaukee Bucks co-owner Marc Lasry on Giannis’s future, women’s sports, and upstart leagues like TGL and Unrivaled. 
DraftKings app
February 14, 2025

Lawsuit Says DraftKings VIP Program ‘Preyed On’ Gambling Addicts

The company’s being sued for negligence and intentional infliction of emotional distress.
August 20, 2024

Beloved ‘Backyard Sports’ Brand Says It Will Relaunch After Decade Hiatus

“Backyard Baseball” was a turn-of-the-century computer hit. 
DraftKings
August 2, 2024

DraftKings Announces Consumer Tax Starting Next Year

The company’s stock fell 5% Friday morning.
July 24, 2024

The Perfect Storm Propelling ‘EA Sports College Football’ to Early Success

Growing fandom and a long wait have already reaped dividends for EA.