
Venture capital firm Patron has announced the successful raising of $100 million for its second fund, Fund II, on Tuesday. The new seed-stage fund will focus on early-stage, consumer-facing companies, particularly those inspired by gaming technologies. This follows the success of Patron's first fund, which raised $90 million and backed 21 companies. Fund II has received backing from a bench of VC all-stars and will continue to invest in areas such as consumer web3, where Patron sees significant upside potential. The announcement highlights Patron's commitment to supporting founders building for the next generation of consumers.
we @patronfund will continue to deploy into early stage consumer web3 out of our new fund 2 -- an area where we believe there is true asymmetric upside today. excited for one of our portfolio founders @bonafidehan to show off what he’s been building quietly for the past 3 years! https://t.co/sZ0eeDv5IP
User-generated content tooling platform Gamebeast has raised $3.7 million in pre-seed funding https://t.co/wAZGrucJTp
Patron's $100 million Fund II gets backing from investors to support founders Fund II will build on Patron's $90M Fund I success which backed 21 companies https://t.co/Mh7UxmzBtc