_1583236462185.png?format=webp&height=120&width=120){kind=logo}
About GFR Fund
GFR Fund is a venture capital firm founded in 2016. It is primarily based out of San Francisco, United States. As of Jul 2026, GFR Fund is an active investor, having invested in 102 companies, with 3 new investments in the last 12 months. It primarily invests in Seed round in United States based startups. Its investments are spread across a wide range of sectors from High Tech to Enterprise Applications and Consumer. Most recently it participated in the $***** Seed round of Final Boss Sour Overall, GFR Fund portfolio has seen 3 unicorns and 16 acquisitions including key companies like Animoca Brands, Mapbox and Sky Mavis. A lot of funds co-invest with GFR Fund, with names like The Venture Reality Fund sharing a substantial percentage of its portfolio. GFR Fund has team of 8 people including 2 partners.Key Metrics
Team Members
Portfolio Count
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Seed, Series A & 1 more
Portfolio Unicorns
Portfolio Soonicorns
Deals in last 12 months
GFR Fund's List of Top Investments
GFR Fund has a portfolio of 102 companies, including 3 unicorns. Their most notable investments are in Solsten and Highrise.Their portfolio spans across United States, United Kingdom, India and 13 more locations. They have invested in High Tech, Enterprise Applications, Consumer and 22 other sectors, across stages such as Seed, Series A and 1 more. Here is the list of top investments by GFR Fund:Digital assets and Web3 company that builds, invests in, and accelerates technologies and ecosystems for gaming. Its operations include the creation of virtual environments, identity management systems, and educational platforms utilizing distributed ledger technology. Services encompass treasury management for institutional entities and the facilitation of digital commerce through stablecoin infrastructure. Projects involve the development of interactive software and decentralized networks for managing ownership of virtual items.
Key facts about Animoca Brands
- Founded Year: 2006
- Location: Hong Kong (China)
- Annual Revenue: $100M - $500M as on Dec 31, 2022
- Valuation: $*****
- Stage: Series C
- Total Funding till date: $880M
- Employee Count: 306 as on Jun 30, 2026
- Investors: Harmony Partners, Backstage and 125 Others
- Latest Funding Round: Series C, Nov 11, 2024, $*****
- Highlight: Editors' Pick
2. Samba
Provider of television viewership data and advertising and measurement solutions. The company offers a technology stack that includes a television panel. It provides advertising and measurement solutions. The company states that it complies with privacy laws.
Key facts about Samba
- Founded Year: 2008
- Location: San Francisco (United States)
- Valuation: $*****
- Stage: Series B
- Total Funding till date: $46.3M
- Employee Count: 378 as on Mar 31, 2026
- Investors: August Capital, Union Grove Venture Partners and 21 Others
- Latest Funding Round: Venture Debt, Dec 08, 2025, $*****
- Highlight: Editors' Pick
3. STAN
Social gaming and community platform to connect gamers and creators. It enables gamers and creators to participate in interactive activities, socialize, and earn rewards. The platform includes clubs and chat rooms to engage with other individuals and creators. It allows users to compete daily in BGMI, Free Fire, and more to earn rewards. The application is available on app store and play store.
Key facts about STAN
- Founded Year: 2022
- Location: Singapore (Singapore)
- Annual Revenue: $1M - $10M as on Mar 31, 2024
- Stage: Series A
- Total Funding till date: $17.9M
- Employee Count: 123 as on May 31, 2026
- Investors: General Catalyst, MGA Ventures and 29 Others
- Latest Funding Round: Series A, Nov 19, 2025, $*****
- Highlight: Editors' Pick
4. Mapbox
Provider of customizable maps, navigation, search, and location data products. The company offers tools and datasets for developers and organizations. These resources facilitate the creation of location-aware applications and services. Offerings include mapping SDKs, search APIs, and various geospatial datasets. These support diverse applications across industries, including automotive, logistics, and telecommunications.
Key facts about Mapbox
- Founded Year: 2010
- Location: San Francisco (United States)
- Valuation: $*****
- Stage: Series E
- Total Funding till date: $507M
- Employee Count: 958 as on Jun 30, 2026
- Investors: Premji Invest, DFJ Growth and 14 Others
- Latest Funding Round: Series E, Sep 19, 2023, $*****
- Highlight: Editors' Pick
5. Theta Token
Decentralized video delivery platform. It offers decentralized peer to peer video delivery platform. Users earn Theta tokens as a reward for sharing bandwidth and resources. Video streaming platforms and content providers can build customized Dapps via the platform.
Key facts about Theta Token
GFR Fund's Year-on-Year Investment Trends
GFR Fund has invested in 102 companies over the last 8 years, with an average of 7 new investments annually in the last 5 years. In 2025, it made 10 investments, while as of Jul 2026, it has made 2 investments in this year. Its most recent first time investment was in CityLegends and most recent follow-on round was in Final Boss Sour.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 0 | 2 | 2 |
2025 | 7 | 3 | 10 |
2024 | 8 | 0 | 8 |
2023 | 8 | 0 | 8 |
2022 | 10 | 1 | 11 |
2021 | 7 | 3 | 10 |
2020 | 2 | 1 | 3 |
2019 | 2 | 0 | 2 |
2018 | 8 | 0 | 8 |
GFR Fund's Investments by Stage
GFR Fund has made 34 investments in Seed stage with an average round size of $3.86M, 17 investments in Series A stage with an average round size of $11.2M and 1 investment in Series B stage with an average round size of $15M.Stage of entry | No. of Investments |
|---|---|
Seed | 34 |
Series A | 17 |
Series B | 1 |
Note: We have considered here, only first round of investments
GFR Fund's Investments by Sector
GFR Fund has a diverse portfolio, with companies operating in the Consumer, Enterprise Applications, Gaming, High Tech and Media & Entertainment. Notably, it has invested in 91 Tech companies, 63 Consumer (B2C) companies, 55 Software companies and at least 40 companies focusing on Enterprise (B2B).Sector | No. of Investments |
|---|---|
Consumer | 16 |
Enterprise Applications | 15 |
Gaming | 15 |
High Tech | 12 |
Media & Entertainment | 10 |
Others | 48 |
Note: We have considered here, only first round of investments
GFR Fund's Investments by Geography
GFR Fund has made most investments in United States (34), followed by United Kingdom where it has made 6 investments.Country | No. of Investments |
|---|---|
United States | 34 |
United Kingdom | 6 |
India | 3 |
Nigeria | 2 |
Australia | 1 |
Others | 7 |
Note: We have considered here, only first round of investments
GFR Fund's recent investments
GFR Fund has made 2 investments in 2026 so far - Final Boss Sour and GEEIQ.Here are the most recent investments by GFR Fund:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Jul 17, 2026 | United States | Seed | 3300 | ||
May 19, 2026 | United Kingdom | Series A | 5152 | [+1] | |
Oct 28, 2025 | Netherlands | Seed | 2084 | ||
Aug 13, 2025 | Australia | Seed | 3448 | [+3] | |
Aug 06, 2025 | India | Series B | 4124 | [+14] |
Unicorns in GFR Fund's Portfolio
GFR Fund has 3 unicorns in its portfolio - Animoca Brands, Sky Mavis and Mapbox. The most recent unicorn in their portfolio is Animoca Brands. It became a unicorn in 2022, 4 years before GFR Fund first invested in it.Here is a list of unicorns in GFR Fund's portfolio:
Tracxn Score | Company | Short Description | Founded year | Sector | Location | Company Stage | First Investment/ Acquisition Details |
|---|---|---|---|---|---|---|---|
77 | Digital assets and Web3 company that builds, invests in, and accelerates technologies and ecosystems for gaming | 2006 | Hong Kong | Series C | oazgfcd | ||
69 | Developer of blockchain games and infrastructure for player-owned digital economies | 2019 | Singapore | Series B | lvople{ | ||
72 | Provider of customizable maps, navigation, search, and location data products | 2010 | San Francisco | Series E | blhdrek |
Acquired companies in GFR Fund's Portfolio
16 companies from GFR Fund's portfolio have been acquired. The most recent acquisition was Vinovest in Mar 2026 by StartEngine for $*****.Here are GFR Fund's portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Mar 24, 2026 | - | - | 5643 | |
Dec 16, 2025 | - | - | 3250 | |
Apr 08, 2025 | Feb 17, 2022 | Series A | 6054 | |
Mar 23, 2023 | Oct 28, 2019 | Series A | 1489 | |
Mar 15, 2023 | Jul 19, 2018 | Seed | 9276 |
Team profile of GFR Fund
GFR Fund has a team of 8 members including 2 Partners and 1 Principal located in United States. GFR Fund's team does not sit on the board of any company as of now.Here is a list of all team members in GFR Fund:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | San Francisco | - | ||
Partner | New York City | - | ||
Principal | Mountain View | - | - |
Co-investors of GFR Fund
Over the past 8 years, 469 investors have co-invested in GFR Fund's portfolio companies. This includes funds and angels.
- Invested before GFR Fund: Y Combinator, Greycroft and 145 others have invested in rounds before GFR Fund. There are 5 companies where Y Combinator has invested before GFR Fund and 3 companies where Greycroft has invested before GFR Fund.
- Top Co-investors of GFR Fund: 248 investors entered a company along with GFR Fund. These include investors like The Venture Reality Fund (5 companies).
- Invested after GFR Fund: A total of 74 investors have invested in GFR Fund's portfolio after their investments. Top Investors include Play Ventures (2 companies), Nazara (1 company) and Square Enix (1 company).
Recent News related to GFR Fund
•
•
CityLegends raises €1.7M to expand street sports platform globallySilicon Canals•Oct 28, 2025•CityLegends, GFR Fund, Dutch Sport Tech Fund, LUMO Labs
•
•
Chowdeck Raises $9M in Series A FundingFinSMEs•Aug 11, 2025•HoaQ, Chowdeck, Rebel Fund, Asia Africa Investment and Consulting and 4 others
•
A16z, Polygon back $15m series B for Indian gaming studioTech in Asia•Aug 06, 2025•Skycatcher, SuperGaming, Steadview, NEOWIZ and 4 others
•
Gaming Community Startup STAN Secures $8.5 Mn in Funding from Google AI Fund, OthersInc42•Jul 31, 2025•Google Labs, Reazon, Aptos, Stan and 10 others
•
Final Boss Sour gets $4M seed funding, expands product line with tropical flavorsFoodBev Media•May 29, 2025•Final Boss Sour, GFR Fund, Uncommon Denominator, Melitas Ventures and 1 other
•
Final Boss Sour Raises $4M in Seed 2 FundingFinSMEs•May 20, 2025•Final Boss Sour, Uncommon Denominator, GFR Fund, Melitas Ventures and 3 others
•
Alinea Invest Secures $10.4 Million in Series A FundingFintech News America•Apr 11, 2025•Alinea, Play Ventures, GFR Fund, Y Combinator and 3 others
•
Little Umbrella makes the funding rain after success of Death by AI social gameVentureBeat•Jan 30, 2025•The Venture Reality Fund, Andreessen Horowitz, WorkPlay Ventures, Ubiquoss and 5 others
