International legal practice Osborne Clarke has advised US venture capital fund, GFR Fund on its investment in London-based game studio Omeda Studios’.
GFR Fund is a San Francisco-based venture capital fund that invests in early-stage technology startups disrupting the digital media and entertainment space.
Omeda studio will use the funds to double the size of its studio and make key hires for its work on Predecessor, a cross-platform MOBA (multiplayer online battle arena) game.
GFR Fund led the $2.2m seed round. Inventure, Progression Fund, 1Up Ventures, Arena & Co., Ride Ventures, as well as UK investors Chris Lee, Jas Purewal, and Rupert Loman, founder of GamesIndustry.biz parent Gamer Network, also participated in the round.
The Osborne Clarke team was led by Associate Director Caroline Drummond and Associate Anna Mattingley.
Osborne Clarke has offices in San Francisco and Palo Alto in California and New York as well as across Asia and Europe where it is widely recognised as a leading law firm for interactive entertainment. Osborne Clarke’s corporate team are considered a go-to practice in the wider tech, media and comms sector, working with leading global businesses, fast-growth start-ups, market challengers and tech industry investors. The team advises investors in their strategic investment and companies at every stage of the corporate life cycle including equity and debt fundraisings, M&A, IPOs and joint ventures.