Immutable and King River Capital, assisted by Polygon Labs, have combined forces to launch the Inevitable Games Fund (IGF).
As an ecosystem-agnostic fund, IGF utilizes the deep insights and resources of web3 gaming giants Immutable and Polygon Labs to identify high-growth investment opportunities. King River Capital will lead the fund’s investment process, and Immutable and Polygon Labs will provide key sourcing and web3 gaming expertise.
IGF is evidence of the the commitment of the partners to foster innovation and growth across the web3 gaming sector. 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 $100 million. And 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), and commitments from Merit Circle (a leader in the web3 gaming space), several family offices such as Michael 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).
The fund has already identified a strong pipeline of investment opportunities and has warehoused seven early-stage investments, including:
1.) Pixelmon – The world’s first truly decentralized Web3 gaming IP.
2.) Metalcore – An open-world combined arms game where players can engage in player-versus-player (PVP) encounters and face AI-enhanced enemies. And players can fight on foot and pilot a wide array of combat vehicles in massive battlefields where frenzied players fight for their factions.
3.) Guild of Guardians – One of the most anticipated Immutable platform games this year, having attracted over 1 million pre-registrations ahead of release in the second quarter of 2024.
4.) My Pet Hooligan – A Hollywood-style animation meets team deathmatch gameplay.
Combining King River Capital’s venture and digital asset investing expertise with Immutable and Polygon Labs’ web3 gaming deal flow and digital asset expertise uniquely positions the fund to identify best-in-class investment opportunities in the multi-hundred-billion-dollar global video game industry.
King River will be managing the deployment of IGF capital across premier game studios, web3 infrastructure, and immersive gaming experiences that are considered to redefine the digital entertainment landscape, regardless of the platform.
KEY QUOTES:
“Spending on video games exceeds the global revenue from movies, streaming TV and the music industry, combined, and it is ripe for a huge technology shift.”
“Just as mobile gaming went from virtually zero in 2008 to 79% of gamers playing mobile today, we believe a similar shift has only just begun to web3 technology. The Fund provides investors with an opportunity to gain unique access to the best web3 gaming projects globally and is designed to benefit from this multi-hundred billion dollar shift in spending to this disruptive new technology.”
– Zeb Rice, Co-Founder and Managing Partner at King River Capital
“We are excited to be launching this pioneering fund in partnership with King River Capital and assisted by Polygon Labs. Our combined expertise, global relationships, and industry reach ideally position the Fund to identify and invest in the best web3 gaming and gaming infrastructure opportunities globally.”
– Robbie Ferguson, President and Co-Founder of Immutable
