Patron's $100 million Fund II gets backing from investors to support founders

• Fund II will build on Patron's $90M Fund I success

Early-stage VC firm Patron has launched its $100 million Fund II with substantial backing from both institutional and individual investors. 

Horsley Bridge Partners once again anchors the fund, which now includes new support from university endowments, sovereign wealth funds, and family offices.

Fund II will build on Patron's $90M Fund I success, which backed 21 companies like Altera, Kudos, and Tonic Music. 

Altera raised $11.1 million, Kudos grew to 200,000 users and completed a Series A, while Tonic Music secured additional investment from another venture firm.

Reshaping consumer engagement 

Individual investors in Fund II include Marc Andreessen, Fred Wilson, Garry Tan, Mitch Lasky, Rick Heitzmann, Amish Jani, Ron Conway, and Ho Nam. 

“Hundreds of millions of consumers are growing up immersed in platforms like Roblox and Discord, spending the bulk of their online time in these environments as the first truly gaming-native generation," said Patron co-founder and general partner Brian Cho. 

“We are excited to continue backing visionary founders who are pioneering new experiences for this generation, using gaming as the initial wedge to build venture-scale businesses and reshape how these consumers engage with the internet."

Patron was founded in 2021 by Jason Yeh and Cho, former Riot Games executives who played key roles in launching League of Legends and Valorant.