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Tuesday, November 28, 2023

Transcend Fund amasses virtually $60m in second seed fund

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Since its founding in 2020, the project capital firm has been an early-stage investor in gaming

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Enterprise capital firm Transcend Fund has announced the closure of a virtually $60 million second seed fund.

The firm was established in 2020 and is managed by Andrew Sheppard, Brett Krause, and Shanti Bergel.

Transcend makes a speciality of early-stage investments in every single place in the video video games replace.

“Gaming is advantaged by almost every contemporary digital increase vector at scale. As computing has evolved, costs own dropped, and obtain admission to has broadened, the inventive and commercial residence for gaming has exploded spherical the enviornment,” acknowledged Bergel.

Transcend has invested in firms corresponding to Chance Residence, Cosmic Lounge, and Singularity 6.

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