Home>BLOCKCHAIN>King River Capital, Immutable, and Polygon Labs launch the $100M Inevitable Video games Fund

King River Capital, Immutable, and Polygon Labs launch the $100M Inevitable Video games Fund


Set to pioneer funding in Web3 gaming with early stage investments already made in class winners

SYDNEY, March 19, 2024 /PRNewswire/ — Immutable, and King River Capital, assisted by Polygon Labs, have mixed forces to launch the Inevitable Video games Fund (‘IGF’ or ‘the Fund’). As a primary of its sort ecosystem-agnostic fund, IGF leverages the deep insights and assets of web3 gaming giants Immutable and Polygon Labs to establish excessive progress alternatives for buyers.

The Fund’s funding course of shall be led by King River Capital in collaboration with Immutable and Polygon Labs offering key sourcing and web3 gaming experience.

IGF is testomony to the companions’ dedication to fostering innovation and progress throughout the web3 gaming sector. The Fund, which is privately provided and solely open for funding by sure varieties of skilled and complicated buyers can have a last cap on fund measurement of US$100 million. It has already secured an anchor dedication from Alpha Wave Ventures (backed by Alpha Wave World and the Abu Dhabi Royal Group’s Chimera Capital), in addition to commitments from Advantage Circle, a pacesetter within the web3 gaming house, a number of household places of work corresponding to Mike Arrington, Co-Founding father of CrunchFund and Arrington Capital; Steve Kokinos, of Sonic Growth Ventures and former CEO of Algorand; James and Robbie Ferguson, Co-Founders of Immutable; and Sandeep Nailwal, Co-Founding father of Polygon Labs.

The Fund has already recognized a robust pipeline of funding alternatives and has warehoused seven early stage investments together with:

  • Pixelmon, the world’s first actually decentralised Web3 gaming IP.
  • Metalcore, an open-world mixed arms recreation the place gamers can interact in large player-versus-player (PVP) encounters and face AI-enhanced enemies. Gamers can struggle on foot and pilot a wide selection of fight autos and large mechs in large battlefields the place frenzied gamers struggle for his or her factions in territorial conquest.
  • Guild of Guardians, one of the vital anticipated Immutable platform video games this 12 months having attracted 1M+ pre registrations forward of launch in Q2 2024.
  • My Pet Hooligan, a Hollywood model animation meets staff deathmatch gameplay.

The mixture of King River Capital’s experience in enterprise and digital asset investing, along with Immutable and Polygon Labs’ web3 gaming deal circulate and digital property experience, uniquely positions the Fund to establish greatest at school funding alternatives throughout the multi-hundred billion greenback international online game trade.

King River will handle the deployment of IGF capital throughout premier recreation studios, web3 infrastructure, and immersive gaming experiences, which can be thought-about to redefine the digital leisure panorama, whatever the platform.

Messari, a number one supplier of crypto market intelligence, recently estimated[1] the mixed marketshare of Immutable and Polygon to be ~70% of complete blockchain gaming improvement, following a major progress 12 months for your entire trade.

Zeb Rice, Co-Founder and Managing Companion at King River Capital, stated: “Spending on video video games exceeds the worldwide income from films, streaming TV and the music trade, mixed, and it’s ripe for an enormous expertise shift.

“Simply as cellular gaming went from nearly zero in 2008 to 79% of gamers playing mobile today,[2] we imagine the same shift has solely simply begun to web3 expertise. The Fund supplies buyers with a chance to realize distinctive entry to the most effective web3 gaming initiatives globally and is designed to profit from this multi-hundred billion greenback shift in spending to this disruptive new expertise.”

Commenting on the launch of the Fund, Robbie Ferguson, President and Co-Founding father of Immutable, stated: “We’re excited to be launching this pioneering fund in partnership with King River Capital and assisted by Polygon Labs. Our mixed experience, international relationships, and trade attain ideally place the Fund to establish and put money into the most effective web3 gaming and gaming infrastructure alternatives globally.”

Since 2018 the sector has attracted roughly $19 billion in investments[3]. In 2023, blockchain gaming related rounds reached $1.7B[4].  A major a part of that has flowed to the 270+ blockchain video games in improvement on Immutable.

A 2023 report by PwC estimated that complete gaming income globally will rise from US$227 billion in 2023 to US$312 billion in 2027, representing a 7.9% CAGR.  This may probably be pushed by a mixture of things, together with the advantages of decentralisation and possession options, play-and-earn fashions, and the combination with rising applied sciences.


Any info said on this doc is meant to be basic in nature and isn’t private monetary product recommendation, and moreover this doc has been ready with out taking account of any individual’s aims, monetary state of affairs or wants. Earlier than contemplating an funding, you must contemplate the appropriateness of the funding having regard to your private aims, monetary state of affairs and wishes. This doc and the data conveyed can be not meant be in any manner a basic solicitation of pursuits in any monetary product or for the supply of any monetary service. Any reference to the names, service marks or emblems of events are for and held by every of these events and isn’t an acknowledgement of a permission or proper, license or sub-license the use, unique or in any other case, of these names, service marks or emblems.

About King River Capital

King River Capital invests early to mid-stage high-growth expertise companies fixing crucial issues inside giant markets. Since its founding in 2019, King River has raised 4 funds and invested in 32 firms throughout North America and Australia, together with by means of its King River Digital Asset Fund that was launched in February 2022.

King River investments in crypto and web3, embody Immutable; Discord (the defacto locus for crypto conversations, DeFi protocols, DAO governance, and NFT communities); Splash (one of many world’s hottest music recreation and metaverse participant), Paystand (B2B funds firm that utilises the Ethereum blockchain to construct zero-fee funds infrastructure), Consensys, LayerZero, and Aztec.

The King River Capital staff contains 16 professionals throughout Sydney, Denver and New York.

About Immutable and Polygon Labs

Immutable and Polygon Labs have each stood on the forefront of web3 gaming advances for the reason that trade’s infancy. They every boast deep information of the trade, advanced product suites, and gaming-specific applied sciences, most notably the Immutable zkEVM chain powered by Polygon. Their wealth of expertise permits the organizations to be on the middle of a metamorphosis bringing digital possession to hundreds of thousands all over the world by means of gaming.

The Immutable gaming platform makes it simple for recreation studios and impartial builders to securely and confidently construct and launch profitable web3 video games. The product suite consists of pre-built end-to-end options, optimized for usability, that assist builders get to market quicker with out sacrificing safety or participant expertise. Builders get customized web3 steerage, dwell assist for his or her communities, and entry to the biggest ecosystem in gaming.

Immutable is the primary gaming platform to ship a zero-knowledge (zk) scaling resolution and supplies builders with a number of zk-based scaling choices, together with Immutable X, a rollup based mostly on StarkWare expertise, and Immutable zkEVM, powered by Polygon. Immutable has raised over $300M USD from main international buyers together with Temasek, Bitkraft, Tencent, King River Capital, and extra and received 270+ well-funded video games onto its platform.


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SOURCE King River Capital

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