GFR's (left to right) Songshan Jia (investment analyst), Teppei Tsutsui (managing director), and Yasushi Komori (principal).
GFR's (left to right) Songshan Jia (investment analyst), Teppei Tsutsui (managing director), and Yasushi Komori (principal).
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GFR raises $20 million fund for digital media, esports, and entertainment

  • Posted byby Dean Takahashi
  • Updated
  • 2 min

Venture capital firm GFR Fund 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.

The new fund will invest in virtual reality, augmented reality, esports, livestreaming, artificial intelligence, and blockchain. Multiple strategic investors from Asia are backing it, and it is an affiliate of leading mobile gaming company Gree, based in Japan. San Francisco-based GFR Fund hopes to distinguish itself with its deep connections in Silicon Valley and business opportunities in Asian markets.

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Written by

Dean Takahashi

Dean Takahashi is editorial director for GamesBeat. He has been a tech journalist since 1988, and he has covered games as a beat since 1996. He was lead writer for GamesBeat at VentureBeat from 2008 to April 2025. Prior to that, he wrote for the San Jose Mercury News, the Red Herring, the Wall Street Journal, the Los Angeles Times, and the Dallas Times-Herald. He is the author of two books, "Opening the Xbox" and "The Xbox 360 Uncloaked." He organizes the annual GamesBeat Next, GamesBeat Summit and GamesBeat Insider Series: Hollywood and Games conferences and is a frequent speaker at gaming and tech events. He lives in the San Francisco Bay Area.