SINGAPORE: Gamerforce Ventures, a venture capital firm based in Singapore, announced today that it is launching its inaugural fund after launching a smaller investment holding company within the partners’ networks. It has also joined Pledge 1%, a global movement to create a new normal for companies of all sizes and stages to have a positive social impact through their business. Gamerforce Ventures is joining over 12,000 companies around the world who have committed to Pledge 1% of either their product, profit, equity, carried interest (for venture investors) and/or staff time to a charity of their choosing. Gamerforce Ventures is proud to announce its commitment to donate 1% of its general partner’s carried interest to a charity partner, and the team is currently looking through its list of potential partners.
The donation is focused on empowering young persons in their journey as entrepreneurs. Such a donation will be in the form of shares in the general partner vehicle created for the fund, which is structured as a limited partnership.
Lance Quek, Founding Managing Partner of Gamerforce Ventures, shared, “We are excited for the launch of our inaugural fund after a delay in fundraising due to the COVID-19 situation, and look forward to providing continuous support for the developing esports ecosystem in Southeast Asia and other markets. The ecosystem built around our investment model allows us to focus on increasing the opportunities for scale for the startups, thereby increasing the chance for attractive returns while lowering the risk of the investments made by the fund for our limited partners. Alongside our investment partners, operations partners and LPs, we are poised to create a bigger impact and stronger, better tomorrow for our future generations.”
Gamerforce Ventures is proud to join the Pledge 1% community and encourages other companies to take the pledge and leverage their business as a force for good.
About Gamerforce Ventures
Gamerforce Ventures is a global venture capital firm based out of Singapore, intending to invest in startups within esports, gaming and entertainment. Its main focus is Southeast Asia, with opportunistic investments outside the region. To date, its portfolio companies have came through prestigious accelerator programs and have been backed by top tier venture capital and private equity firms.
About Pledge 1%
Pledge 1% is a global movement that inspires, educates, and empowers every entrepreneur, company, and employee to be a force for good. Over 12,000 members in 100+ countries have used Pledge 1%’s flexible framework to ignite half a billion dollars in new philanthropy. To learn more about Pledge 1% and to take the pledge visit www.pledge1percent.org.