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GFR Fund Opens New $20M Investment Fund for Tech Startups Disrupting Digital Media and Entertainment

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New Fund Seeks Founders and Technologies in VR/AR, eSports, Live Streaming, AI and Blockchain

GFR Fund, an early-stage venture capital fund, today announced it has raised $20 million to launch its second fund, GFR Fund II, with a focus on technology startups disrupting the digital entertainment sector.  GFR Fund is backed by multiple strategic investors from Asia and is an affiliate of leading mobile gaming company GREE, headquartered in Japan. GFR Fund offers its portfolio global business opportunities in the Asian market combined with deep connections in Silicon Valley and decades of experience in digital media.

“We are looking beyond traditional game developers to invest in disruptive entertainment technologies,” said Teppei Tsutsui, Managing Partner of GFR Fund. “There is a new wave of founders and creators who are creatively combining existing technologies to offer new, scalable experiences, and that is very exciting. We have seen this already in products like Discord, and the market is ready for more new innovations.”

Some of GFR Fund’s notable investments to date have blended emerging technologies in creative ways to produce new opportunities in entertainment.  For example, Sliver.tv combined blockchain and live streaming content to create the next generation eSports entertainment platform for top games like “Fortnite,” “League of Legends,” “CSGO,” and more.

The first two investments under GFR Fund II are in the eSports category.

Santa Monica-based Fan.AI is the leading audience monetization platform for sports and esports. The platform increases franchise and sponsorship revenues by making audience data actionable. GFR has invested in FanAI’s latest multi-million dollar round that will be announced in the next two months.

“GFR Fund has a deep understanding of gaming and esports in both Asia and U.S. markets, that combined with their focus on entertainment makes GFR a great partner as we expand into new verticals,” said Johannes Waldstein, founder and CEO of Fan.AI. “We will use the investment to expand our team and scale our business from an esports-focused SaaS model to a platform that encompasses sports and entertainment.”

Los Angeles-based ProGuides is a freemium eSports platform for gamers to learn, connect, and play together. “We enjoy working with GFR Fund and the guidance they provide when navigating Japanese video game publishers is extremely valuable to our business,” said Sam Wang, CEO of ProGuides. “GFR invested in our pre-seed stage round, which will be used to expand our platform to include more games and influencers.”

Virtual Beings at Game Developers Conference
GFR Fund is bringing together industry experts from the U.S. and Asia, investors and entrepreneurs to share their views on what Virtual Beings bring to entertainment. This invite only event will take place on March 21st in San Francisco, during the Game Developers Conference. Contact GFR Fund for details.

About GFR Fund
The GFR Fund is a venture capital fund that works with strategic investors to give early-stage technology companies the opportunity to accelerate growth in the digital entertainment sector. GFR Fund is an affiliate of GREE,  Inc., a global leader in mobile gaming industry. To date, the GFR Fund has invested in more than 30 companies, including VRChat, SPACES, Sliver.tv, Littlstar, Insidemaps, YBVR, Experiment 7, TheWaveVR, Sturfee, InsiteVR, Streem, DottyAR and Torch3D. For more information visit www.gfrfund.com.

SOURCE GFR Fund


Source: Latest News on European Gaming Media Network
This is a Syndicated News piece. Photo credits or photo sources can be found on the source article: GFR Fund Opens New M Investment Fund for Tech Startups Disrupting Digital Media and Entertainment

George Miller (Gyorgy Molnar) started his career in content marketing and has started working as an Editor/Content Manager for our company in 2016. George has acquired many experiences when it comes to interviews and newsworthy content becoming Head of Content in 2017. He is responsible for the news being shared on multiple websites that are part of the European Gaming Media Network.

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Vindral appoints Henrik Fagerlund as Chairman of the Board

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Vindral has strengthened its board of directors with the appointment of iGaming industry veteran Henrik Fagerlund as Chairman of the Board.

Henrik brings more than 20 years of experience across both B2C and B2B gaming. He has held senior leadership roles at Evolution and NetEnt, and most recently spent three years as Managing Director of RAW Live at RAW iGaming, where he oversaw the development of new live gameshow formats. After many years in Malta, Henrik recently returned to Stockholm, where he has also been running his own consultancy business supporting a range of gaming companies.

Founded a decade ago by a team of Swedish technologists with expertise in video, audio, real-time streaming, and AI, Vindral provides a high-performance live video platform purpose-built for the demands of modern live gameshow broadcasting studios, where quality, control, innovation, and scalability are essential.

Daniel Alinder, Chief Executive Officer at Vindral, commented: “We’re delighted to welcome Henrik as Chairman of the Board, and also as an active working member who will contribute to both business development and marketing. Beyond his extensive industry knowledge, Henrik brings a proven ability to grow businesses and build strong teams. At Vindral, we’re scaling our platform across multiple verticals, from live auctions and sports to broadcasting and, most importantly, iGaming. Henrik’s insight into both the product and commercial sides of this industry will be invaluable as we strengthen our position and accelerate growth. His appointment marks an exciting step forward for the company.”

Henrik Fagerlund, newly appointed Chairman of the Board at Vindral, said:
“I’m very pleased to join Vindral at such an exciting stage of its journey. Having known the team since their RealSprint days, I’ve seen first-hand their ability to solve complex challenges in live streaming and gaming. With innovations like AI-powered Computer Vision and Custom Trackers, Vindral is pushing boundaries in a way that few others can. I look forward to contributing my experience and network to support the company’s continued growth.”

The post Vindral appoints Henrik Fagerlund as Chairman of the Board appeared first on European Gaming Industry News.

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Elantil integrates FIRST, the tier one sportsbook solution, into its marketplace

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Industry-leading platform gains direct access to FIRST’s world-class sportsbook technology and trading excellence 

Elantil, the pioneering platform solutions provider, has announced the integration of FIRST – the tier one sportsbook supplier redefining global sports betting technology – into its online marketplace.

FIRST is widely recognised for delivering the highest lifetime value in the industry through its unrivalled combination of cutting-edge technology, in-house trading expertise, and global reach. Its proprietary platform powers some of the most ambitious operators worldwide, offering them a true alternative to legacy solutions.

By joining forces with FIRST, Elantil’s marketplace now connects its clients with a sportsbook solution built for operators aiming to compete at the very top of the industry. The integration provides Elantil partners with streamlined access to FIRST’s premium sportsbook technology and allows them to scale with confidence and independence.

John Debono, Chief Technical Officer at Elantil, said: “Much like Elantil, FIRST is a company that has used its years of industry experience to identify operators’ most common pain points and come up with innovative solutions. Now combining cutting-edge technology with trading excellence and local expertise, we’re sure they’ll go on to be a huge addition to our marketplace.”

Tom Light, CEO, at FIRST, said:“At FIRST, we have built the sportsbook solution that redefines what operators can expect from a partner – combining proprietary technology, world-class trading, and proven scalability. Integrating with Elantil, a leading platform technology supplier, ensures more operators can directly access a truly tier one sportsbook and unlock their full potential.”

The post Elantil integrates FIRST, the tier one sportsbook solution, into its marketplace appeared first on European Gaming Industry News.

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Push Gaming advances in Switzerland with Grand Casino Baden partnership

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Push Gaming has expanded its profile in the regulated Swiss market through a new partnership with Grand Casino Baden, one of the country’s most prominent online casino operators.

The collaboration sees Push Gaming’s acclaimed portfolio of slots rolled out in batches across the jackpots.ch platform, with a strong initial launch week featuring fan-favourites such as Big Bamboo, Razor Shark, and Retro Tapes.

The phased rollout of Push Gaming’s titles on Jackpots.ch will continue, with more popular games set to become available in the coming weeks.

This strategic partnership marks a significant step in Push Gaming’s continued expansion into regulated markets and its second collaboration in Switzerland.

Grand Casino Baden is recognised for its strong presence and reputation within the Swiss iGaming landscape, providing an ideal platform for the studio to solidify its foothold and expand its player base in the region.

Daniel Kevan, Business Development Manager at Push Gaming, said: “This partnership is a testament to our commitment to expanding our reach in regulated markets, and Grand Casino Baden’s position as a key player in Switzerland makes it an invaluable partner.

“We are confident that its players will thoroughly enjoy the engaging and innovative gameplay that our titles, including recent major releases like 3 Magic Pots and Wild Swarm Triple Hive, deliver.”

Brian Christner, Chief Online Gaming Officer at Grand Casino Baden, added: “Bringing Push Gaming’s high-quality content to our players is an exciting development for us.

“Its portfolio of games is renowned for its entertainment value and strong performance, and we believe it will be a significant draw for our audience. This collaboration strengthens our offering and reinforces our commitment to providing the best possible gaming experience to Swiss players.”

The post Push Gaming advances in Switzerland with Grand Casino Baden partnership appeared first on European Gaming Industry News.

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