San Francisco-based venture capital fund GFR Fund has secured $20 million to unveil its second fund, GFR Fund II.
The second vehicle will target technology startups in digital entertainment sector.
The first two commitments under GFR Fund II are in the eSports category, including U.S. audience monetization platform for sports FanAI’s latest round that will be announced in the next two months.
GFR Fund, backed by multiple strategic investors from Asia, is an affiliate of Japanese mobile gaming company GREE. In 2018, the company also invested in U.S. freemium eSports platform ProGuides' $1.9 million pre-seed stage round.