VC firm Patron has raised $100 million for its new consumer venture fund

PANews reported on September 18 that according to Bloomberg, Patron, a venture capital firm led by former gaming industry executives Jason Yeh, Brian Cho and Amber Atherton, has raised a new fund of $100 million, focusing on investing in early-stage consumer-oriented technology startups, especially gaming-inspired technologies. The fund is supported by Silicon Valley heavyweights such as Marc Andreessen, Garry Tan and Ron Conway. Patron plans to invest in 20 to 25 companies within three years, with a single investment amount of $1 million to $4 million, focusing on using gaming industry experience to drive innovation in other markets, such as AI virtual assistants and smart shopping assistants.