Special Opportunities Fund finances indie games through a revenue-share model instead of taking an equity stake. Venture capital firm Griffin Gaming Partners has launched a new $100 million fund to support indie games.
Venture capital firm Griffin Gaming Partners has introduced a new $100 million fund to back indie games. The Special Opportunities Fund (SOF) operates on a project-based financing approach, offering funding in return for a portion of a game's revenue rather than equity. The fund is spearheaded by Tim Bender, CEO of Hooded Horse and a managing director at Griffin, who has been an operating partner at the firm since October 2023.
Griffin's co-founder and managing director, Nick Tuosto, mentions that the fund aims to diversify risk by supporting a variety of games. The fund has already invested in fifteen titles, including announced projects like Menance, Begone Beast, and Expedition: Into Darkness, as well as unannounced projects such as a sci-fi grand strategy game and a gladiator management simulator.
Tuosto highlights the fund's commitment to providing capital and support to independent studios for successful game launches. Griffin is also open to various funding needs, typically ranging from a few hundred thousand dollars to around $5 million, depending on the project's potential and team size.
