HomeAustraliaKing River Capital, Polygon Labs, and Immutable, Launch $100M Inevitable Games Fund 

King River Capital, Polygon Labs, and Immutable, Launch $100M Inevitable Games Fund 

King River Capital

Immutable, and King River Capital, assisted by Polygon Labs, have launched the Inevitable Games Fund.

The fund, which is privately offered and only open for investment by certain types of professional and sophisticated investors, will have a final cap on fund size of US$100m. It has already secured an anchor commitment from Alpha Wave Ventures (backed by Alpha Wave Global and the Abu Dhabi Royal Group’s Chimera Capital), as well as commitments from Merit Circle, a leader in the web3 gaming space, several family offices such as Mike Arrington, Co-Founder of CrunchFund and Arrington Capital; Steve Kokinos, of Sonic Boom Ventures and former CEO of Algorand; James and Robbie Ferguson, Co-Founders of Immutable; and Sandeep Nailwal, Co-Founder of Polygon Labs.

IGF leverages insights and resources of web3 gaming companies Immutable and Polygon Labs to identify high growth opportunities for investors. The investment process is led by King River Capital in collaboration with Immutable and Polygon Labs providing key sourcing and web3 gaming expertise.

The fund has already identified a pipeline of investment opportunities and has made seven early stage investments including:

  • Pixelmon, a decentralised Web3 gaming IP.
  • Metalcore, an open-world combined arms game where players can engage in massive player-versus-player (PVP) encounters and face AI-enhanced enemies.
  • Guild of Guardians, an Immutable platform game which has attracted 1M+ pre registrations ahead of release in Q2 2024.
  • My Pet Hooligan, a Hollywood style animation meets team deathmatch gameplay.

King River Capital invests early to mid-stage high-growth technology businesses solving critical problems within large markets. Since its founding in 2019, the firm has raised four funds and invested in 32 companies across North America and Australia, including through its King River Digital Asset Fund that was launched in February 2022. Investments in crypto and web3, include Immutable, Discord, Splash, Paystand, Consensys, LayerZero, and Aztec. The team comprises 16 professionals across Sydney, Denver and New York.

VCWire

21/03/2024