GFR Fund is a San Francisco-based and globally-oriented venture capital fund backing founders pioneering in consumer technology, with a focus on gaming, creator economy, GenAI, media, and consumer tech. Affiliated with GREE, a Tokyo-based mobile gaming company, it invests in pre-seed to Series A startups building emerging digitally-native communities.
40% of their portfolio is in Gaming. Deal activity decreased year-over-year (1 deal in the last 12 months vs 7 prior). Their most common stage is seed (44% of deals). Average disclosed round size is $9.5M (across 47 rounds with reported amounts).
Portfolio
38
Fund Size
$53.5M
Top Stage
Seed
Last 12 Mo
1
Team
Portfolio Breakdown
Stage Distribution
Sector Distribution
Investment Activity
DealsAvg Round Size
Portfolio
52 investments
| Company | Round | Amount | Date |
|---|---|---|---|
 GEEIQ | Unknown | $6.8M | May 2026 |
| QQloud Games | Seed | $5M | Aug 2025 |
 Loftia | Seed | $5M | Aug 2025 |
 Chowdeck | Series A | $9M | Aug 2025 |
 SuperGaming | Series B | $15M | Aug 2025 |
 STAN | Growth | $8.5M | Aug 2025 |
 Alinea Invest | Series A | — | Apr 2025 |
 Unvale | Pre-Seed | $1.8M | Mar 2025 |
| Loftia | Seed | $5M | Jan 2025 |
 Flow | Series A | $100M | Jan 2025 |
 Little Umbrella | Seed | $2M | Jan 2025 |
| Chowdeck | Seed | $2.5M | Jan 2025 |
| STAN | Series A | $8.5M | Jan 2025 |
| Chowdeck | Series A | $9M | Jan 2025 |
| Alinea Invest | Seed | $3.4M | Jan 2024 |
| Loftia | Seed | $5M | Jan 2024 |
 Magma | Seed | $5M | Dec 2023 |
 Atlas | Seed | $6M | Nov 2023 |
| AAtlas.Design | Seed | $4.5M | Nov 2023 |
| 11337 (Leet) | Seed | $4M | Oct 2023 |
 Collectibles.com | Seed | $5M | Jun 2023 |
 Anything | Series A | — | Nov 2022 |
| Anything | Seed | $7.5M | Nov 2022 |
 Sanlo | Series A | $10M | Jun 2022 |
| Sanlo | Series A | $10M | Jan 2022 |
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Top Co-Investors
Gaingels9 shared
Y Combinator6 shared
BITKRAFT Ventures6 shared
Konvoy5 shared
The Venture Reality Fund4 shared
Andreessen Horowitz4 shared
1Up Ventures4 shared
Novastar Ventures3 shared
Rebel Fund3 shared
AAIC Investment3 shared
Supernode Ventures3 shared
Square Enix3 shared
Alumni Ventures3 shared
a16z speedrun3 shared
Possible Ventures3 shared
Goodwater Capital2 shared
True Culture Fund2 shared
Anorak Ventures2 shared
Norwest Venture Partners2 shared
f7 Ventures2 shared
Last updated: 7 October 2026