Why Transcend Fund believes the opportunity for game investments is only getting bigger
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Transcend Fund debuted in 2020 as a game-focused venture capital fund, and it has turned out to be one of the top performers among funds created that year, according to Pitchbook.
The San Francisco-based fund is doubling down on games and benefiting from the rise in games in popular culture and the growth of game platforms and their monetization opportunities. Transcend has already closed on a second fund and 100% of the LPs in Transcend I signed on to Transcend II.
And recent reports from McKinsey, Goldman Sachs, Morgan Stanley, and Citibank underscore the key role of games in the multi-trillion-dollar potential of the metaverse.
Transcend Fund I scored in the top quartile of returns for all 2020 vintage venture funds, according to both Pitchbook and Cambridge Associates. And the debut fund’s invested rate of return exceeded the top 5% benchmarks for Q1 2022. That’s encouraging considering it is a scary time for VCs.
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Back in August, the digital entertainment-focused venture firm added Brett Krause as managing director. He was the former chief investment officer for FunPlus. Krause was also the former president of JPMorgan Chase China and managing director of the early-stage venture capital firm PurpleSky Capital. Krause is based in Zug, Switzerland.
“The performance of our fund has been exemplary,” said Shanti Bergel, managing director and founder of the fund. “It has done extremely well. We have
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