Nazara commits investment of Rs 30 cr in Griffin Gaming Partners Fund II

17 Mar 2022 , 01:33 AM

Nazara Technologies and its wholly owned subsidiary Nazara Technologies FZ LLC Nazara Dubai announced investment in Griffin Gaming Partners Griffin Fund II LP as a Limited Partner in the Fund Nazara Dubai is a Limited partner in Griffin Gaming Partners Fund II LP for a capital commitment not exceeding USD 4 Million Rs 30 crore payable in cash in one or more tranches Nazara Dubai will invest up to USD 134 Million Rs 10 crore upfront while the rest of USD 266 Million Rs 20 crore will be deployed over a period of 3 years Griffin Gaming Partners Fund II was founded by Peter Levin Phil Sanderson and Nick Tuosto with LionTree as a strategic partner to the Fund The firm prefers to invest in gaming platforms and infrastructure gaming content and game studios Griffin Gaming Partners Fund II is a leading venture capital firm singularly focused on investing in the global gaming market The company has decades of investment advisory and operational experience in the space