Nazara Technologies has committed $4 million to Web3-focused venture capital fund Griffin Gaming Partners Fund II. Nazara will be investing the first tranche of $1.34 million and the rest $2.66 million will be invested in Griffin’s second fund over the next three years.
In a statement, Nazara Technologies’s CEO Manish Agarwal stated that the partnership with Griffin will “act as a catalyst to accelerate the growth of Nazara’s footprint in local Indian and global gaming ecosystem.”
Nazara’s investment in Griffin’s second fund comes shortly after the latter became one of the largest gaming-focused venture capital companies in the world, with over $1 billion in assets under management.
(All information was provided by Inc42)
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