# GFR Fund

> GFR Fund is a VC fund backing Software and Artificial Intelligence. See 91 investments, check sizes, portfolio and contact details. Updated Aug 2026.

- Type: VC Fund
- Location: San Francisco, United States
- Total investments: 91
- Last investment: Jul 2026
- Lead investor: 9%
- Fund size: $20M
- Last fund: Mar 2019
- Last updated: Aug 2026
- LinkedIn: https://www.linkedin.com/company/gvr-fund/
- X (Twitter): https://twitter.com/gfrfund
- Website: https://www.gfrfund.com/
- Facebook: https://www.facebook.com/gfrfund/

GFR Fund is a San Francisco-based venture capital fund that invests in early-stage startups that are disrupting the consumer entertainment industry. GFR Fund is managed by GREE VR Capital, an affiliate of GREE Inc., a global leader in the mobile gaming industry.With over a decade of experience driving innovators in multi-platform entertainment,we see emerging technologies such as VR, AR, AI, Video Streaming and Blockchain as powerful tools that will propel the entertainment industry into a new generation of consumable content. We are looking for talented entrepreneurs who share our passion and values to help realize their vision and expand their businesses globally.

## Contacts

5 contacts available for GFR Fund. Shizune tracks 2 team members at GFR Fund. Sign up free to unlock them: https://app.shizune.co/sign-up/investor-profiles/find-team-emails/gfr-fund?utm_source=investor_profile

## Round sizes

| Stage | Round size |
| --- | --- |
| Seed | $1.4M–$7.5M |
| Pre-Seed | $1M–$4M |
| Series A | $7M–$20M |

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| Software | 16 | 18% |
| Artificial Intelligence | 13 | 14% |
| Gaming | 11 | 12% |
| Video Games | 10 | 11% |
| Information Technology | 10 | 11% |

99 industries tracked in total.

### Stage

| Stage | Investments | Share |
| --- | --- | --- |
| Seed | 48 | 53% |
| Series A | 14 | 15% |
| Pre-Seed | 10 | 11% |
| Series B | 3 | 3% |
| Funding Round | 3 | 3% |

10 stages tracked in total.

### Country

| Country | Investments | Share |
| --- | --- | --- |
| United States | 48 | 53% |
| United Kingdom | 6 | 7% |
| Australia | 3 | 3% |
| Austria | 2 | 2% |
| Nigeria | 2 | 2% |

13 countries tracked in total.

## Team

| Name | Title | Investments | Profile |
| --- | --- | --- | --- |
| Teppei Tsutsui | Managing Partner | 8 | https://shizune.co/investors/profile/teppei-tsutsui |
| Patrick Montague | General Partner | 2 | https://shizune.co/investors/profile/patrick-montague-f1f2 |

## Investments

| Company | Description | Amount | Stage | Date | Website |
| --- | --- | --- | --- | --- | --- |
| Final Boss Sour | Final Boss Sour is a gaming-themed snack brand offering a healthier alternative to traditional sour treats. Inspired by retro gaming aesthetics, our snacks deliver bold flavors and a fun experience for gamers of all ages. | $4M | Seed | Jul 17, 2026 |  |
| CityLegends | CityLegends is a street culture platform where 200M athletes explore the streets, compete the world and inspire 2B fans. | $2M | Seed | Oct 28, 2025 |  |
| Qloud Games | Qloud Games is an independent game studio developing Loftia. | $5M | Seed | Aug 13, 2025 |  |
| Chowdeck | Chowdeck is a food delivery service and marketplace to buy meals from a wide range of restaurants. | $15.4M | Series A | Aug 11, 2025 |  |
| Stan | Stan has built a platform that allows esports fans to collect, play and trade digital collectibles such as non-fungible tokens (NFTs) of their favorite esports players and content creators, through which they can win physical and virtual world perks and rewards such as getting a chance to meet their favorite players. | $10.5M | Series A | Jul 31, 2025 |  |
| Atmanity | Brining AI to life. | $4M | Pre-Seed | Jul 01, 2025 |  |
| Final Boss Sour | Final Boss Sour is a gaming-themed snack brand offering a healthier alternative to traditional sour treats. Inspired by retro gaming aesthetics, our snacks deliver bold flavors and a fun experience for gamers of all ages. | $4M | Seed | May 20, 2025 |  |
| Alinea | Alinea is a mobile investing platform that enables users to invest in stocks and exchange-traded funds. The platform allows users to create curated playlists of investments, offering a structured way to diversify portfolios based on interests and themes. Alinea provides tools to automate investing through recurring contributions and supports usersin making financial decisions by presenting relevant insights. The platform also includes a social component, where users can view and share investment strategies with peers. Alinea targets individuals seeking a simplified approach to personal finance and investing. The app is designed for those looking to start investing without requiring advanced financial knowledge. Alinea operates as a self-directed investment service with an emphasis on thematic and goal-based investing. | $16.1M | Series A | Apr 09, 2025 |  |
| Unvale | UnVale will change how people develop, explore, and express their identities online. |  | Pre-Seed | Mar 11, 2025 |  |
| Unvale | UnVale will change how people develop, explore, and express their identities online. | $1.8M | Angel | Mar 11, 2025 |  |

10 of 91 investments shown.

## Co-investors
- [Gaingels](https://shizune.co/investors/profile/gaing) — VC Fund, 10 deals together
- [The Venture Reality Fund/VRF](https://shizune.co/investors/profile/venture-reality-fund) — VC Fund, 8 deals together
- [Y Combinator](https://shizune.co/investors/profile/y-combinator) — VC Fund, 8 deals together
- [Konvoy](https://shizune.co/investors/profile/konvoy-ventures) — VC Fund, 6 deals together
- [YFM Equity Partners](https://shizune.co/investors/profile/yfm-equity-partners) — VC Fund, 5 deals together
- [Betaworks](https://shizune.co/investors/profile/betaworks) — VC Fund, 4 deals together

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## FAQ

### What does GFR Fund invest in?

GFR Fund invests primarily in Software, Artificial Intelligence and Gaming startups, most often at Seed and Series A stage. Most of the 91 investments tracked by Shizune back companies in United States. The Investment Focus section breaks down every industry, stage and country in the portfolio.

### What is GFR Fund's check size?

GFR Fund typically joins rounds of $1.4M–$7.5M at Seed, $1M–$4M at Pre-Seed and $7M–$20M at Series A. These ranges are 10th–90th percentile round sizes calculated from confirmed public funding rounds, so they are a realistic guide to the rounds GFR Fund participates in.

### How do I contact GFR Fund?

Public channels for GFR Fund include LinkedIn, X (Twitter) and the website linked on this profile. For a verified work email and phone number, create a free Shizune account — contact data is searched across 20+ sources and validated before delivery, so your outreach lands in the right inbox.

### Who are the partners at GFR Fund?

The team at GFR Fund includes Teppei Tsutsui (Managing Partner) and Patrick Montague (General Partner). The Team section lists each member with their title, investment count and links.

### Is Shizune's investor data accurate?

Yes — every stat on this profile is calculated from confirmed public funding rounds monitored across hundreds of sources since 2020. This profile was last refreshed in Aug 2026 and is updated monthly. Spotted something off? Use the “Suggest an edit” link near the top of the page.

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