Immutable-backed Inevitable Games Fund grows 180% in Nine Months

Inevitable Games Fund returns underscore the resilience, growth and surging user demand in web3 gaming

NEW YORK, Feb. 19, 2025 /PRNewswire/ -- Immutable, in collaboration with King River Capital and Polygon Labs, today announced the inaugural returns on liquid investments of the Inevitable Games Fund (IGF).

The fund recorded a 2.8 Multiple on Invested Capital (MOIC) for investments that have launched token generation events (TGEs), outpacing the 1.36 Multiple seen from Bitcoin during the same time period.

Anchored by Alpha Wave Ventures, backed by Alpha Wave Global and the Abu Dhabi Royal Group's Chimera Capital, IGF has made investments in 16 gaming projects over the last nine months.

"The success of the performance of the Inevitable Games Fund to date underscores the strength and resilience of the web3 gaming sector," said Robbie Ferguson, President and Co-Founder of Immutable. "Web3 gaming is driving a revolution in technology and content development, redefining how players are rewarded for their time and empowering them to invest in and shape their gaming communities for the long term. This is a groundbreaking category that has incredible opportunity for the most discerning and strategic firms and investors that are paying close attention"

Other early investors include Merit Circle, Mike Arrington, Co-Founder of CrunchFund and Arrington Capital, Steve Kokinos, of Sonic Boom Ventures and former CEO of Algorand, and Sandeep Nailwal, Co-Founder of Polygon Labs.

"The outstanding performance of  IGF in such a short timeframe is a testament to the momentum and resilience of the web3 gaming landscape," said Zeb Rice, Co-Founder and Managing Partner at King River Capital. "With the fund's strong performance, we continue to solidify our commitment to revolutionizing the gaming industry through digital ownership and blockchain technology."

Immutable and Polygon represent key driving forces in the web3 gaming industry, together representing approximately 70% of the total market share in the sector. Since launching the IGF, Immutable has established itself as the fastest-growing web3 gaming ecosystem, with 500 games total and one of the largest number of monthly active users (MAUs). In 2024 alone, Immutable onboarded over 250 games and recorded 4.6 million signups for its Immutable Passport onboarding platform, further solidifying its position as one of the most successful blockchain gaming companies in operation today.

Any information stated in this document is intended to be general in nature and is not personal financial product advice, and furthermore this document has been prepared without taking account of any person's objectives, financial situation or needs. Before considering an investment, you should consider the appropriateness of the investment having regard to your personal objectives, financial situation and needs. This document and the information conveyed is also not intended to be in any way a general solicitation of interests in any financial product or for the provision of any financial service. Any reference to the names, service marks or trademarks of parties are for and held by each of those parties and is not an acknowledgement of a permission or right, license or sub-license the use, exclusive or otherwise, of those names, service marks or trademarks.

About King River Capital

King River Capital invests in early to mid-stage high-growth technology businesses solving critical problems. Since its founding in 2019, King River has raised three software and two blockchain funds and has invested in 50+ companies, primarily across North America and Australia.

King River's gaming and blockchain equity investments include Immutable; Discord (the defacto locus for blockchain and gaming communities ); Splash (one of the world's most popular music games on Roblox), Paystand (B2B payments platform leveraging the blockchain), Consensys (Developer of MetaMask and other Ethereum tools), LayerZero (Cross-chain communication platform), Layer3 (Token distribution and quest platform) and several others King River also actively invests in liquid tokens.

King River Capital has a global team of 25 professionals operating from offices in Sydney, New York, Denver, and London.

About Immutable
Immutable is a global leader in gaming on a mission to bring digital ownership to every player by making it safe and easy to build great web3 games. Immutables gaming platform and has onboarded over 500 well-funded games onto the platform and has raised $300M+ USD from leading global investors including Temasek, Tencent, Bitkraft, King River Capital, and Galaxy.

The Immutable gaming platform makes it easy for game studios and independent developers to safely and confidently build and launch successful games on Ethereum. The product suite includes pre-built solutions, optimized for usability, that help developers get to market faster without sacrificing security or player experience. Builders get personalized web3 guidance, live support for their communities, and access to the largest ecosystem in gaming.

Immutable was the first gaming platform to deliver a zero-knowledge (zk) scaling solution to the Ethereum community and provides developers with zk-based scaling solutions like Immutable zkEVM, powered by Polygon.

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SOURCE Immutable