A $150 million gaming investment fund has been launched by venture capital firm Konvoy Ventures, focusing on Web3 and <a href="https://www.cryptoknowmics.com/news/tiktoks-former-gaming-unit-head-to-launch-a-blockchain-startup/" target="_blank" rel="noopener">blockchain-based gaming</a> as well as other verticals. A press release states that the Fund would also consider gaming platforms and businesses at the nexus of sectors, including education and healthcare. The Fund will broaden its geographic reach into Asia and Latin America while concentrating on the US, Europe, and Africa.

https://twitter.com/konvoyventures/status/1544705217794641921
<h2>Konvoy Hopes Gaming Industry's Massive Growth</h2>
The corporation said it wanted to capitalize on the enormous increase the gaming sector experienced during the pandemic. According to data in the release, three billion gamers are currently using mobile, console, and PC platforms. In a statement, managing partner Jackson Vaughan said,
<blockquote><em>"This new fund will not only allow us to focus on other geographic locations but also new types of businesses and technology." </em></blockquote>
Vaughan further highlighted the lesson the world learned during that unprecedented change and the vast opportunities the gaming sector offers. Since the launch of Fund I, he said, their growth and industry influence have been "wonderful."

<a href="https://axieinfinity.com/" target="_blank" rel="nofollow noopener">Axie Infinity</a>, a troubled play-to-earn game, the avatar platform Ready Player Me, and the game's publisher and payments company Carry1st recently received $20 million and $13 million, respectively, and are currently included in the company's portfolio.

Konvoy Ventures Launches $150 Million Fund Targeting Web3 Gaming

A $150 million gaming investment fund has been launched by Konvoy Ventures, focusing on web3 and blockchain-based gaming as well as other verticals.

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Konvoy Ventures Launches $150 Million Fund Targeting Web3 Gaming

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