Patron Raises $100 Million to Back Consumer-Focused Startups Inspired by Gaming

On September 18, PANews reported that Patron, a venture capital firm led by former gaming executives Jason Yeh, Brian Cho, and Amber Atherton, has raised a $100 million fund. The fund will focus on investing in early-stage consumer-focused technology startups, particularly those inspired by gaming. The fund enjoys support from prominent Silicon Valley figures including Marc Andreessen, Garry Tan, and Ron Conway.

Patron plans to invest in 20-25 companies over the next three years, with investments ranging from $1 million to $4 million. The firm aims to leverage its gaming industry expertise to drive innovation in other markets, such as AI virtual assistants and smart shopping assistants.