Gree's Tomb of the Golem is a Samsung Gear VR game coming in April.
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Japan’s Gree creates a $12M virtual reality investment fund

  • Posted byby Dean Takahashi
  • Updated
  • 2 min

Japanese developer Gree makes about billion dollars a year in revenue for mobile games. But the company is signaling a shift today as it is creating a $12 million fund to invest in virtual reality games and applications.

It’s a sign of the times, as virtual reality is expected to become a $30 billion industry by 2020, according to tech adviser Digi-Capital. Other companies such as the Venture Reality Fund, Colopl, and Presence Capital have also set up funds to invest in VR and augmented reality.

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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.