Summary
TLDR: King River Capital, Immutable, and Polygon Labs have launched the Inevitable Games Fund (IGF) to bring resources into the Web3 gaming space. The fund is open to professional investors, has a $100 million cap, and has already raised $30 million. It has identified investment opportunities in Web3 gaming projects and aims to capitalize on the growing industry, which is estimated to reach over $312 billion in revenues by 2027.
Key Points
1. King River Capital, Immutable and Polygon Labs have partnered to launch the Inevitable Games Fund (IGF), which aims to bring additional resources into the Web3 gaming space.
2. The fund wants to be ecosystem agnostic and act as a resource to encourage innovation in the on-chain gaming sector. Its investment process is led by King River Capital, with the assistance of Immutable and Polygon Labs.
3. Only “professional and sophisticated investors” will be able to contribute to the fund, which has a cap size of $100 million. According to Brendan Ma, head of investments at Immutable, the fund’s first close has reached $30 million, and it has received commitments from investors including Alpha Wave Ventures, Merit Circle and several family offices.