On this episode of Story Mode with Sanlo, Olya speaks with Teppei Tsutsui, General Partner at GFR Fund, about the VC, investment, and M&A outlook in 2025 and beyond. Teppei gives insights and advice to those looking to raise capital in gaming or who are interested in learning more about what VCs are looking for in the gaming sector. They touch on a wide range of topics, including:

• An overview of GFR’s investment strategy and some examples from their diverse portfolio

• The intersection of Entertainment & AI

• Investing in emerging platforms like Discord and Telegram

• The importance of founder-market fit in GFR’s investment strategy

• The big opportunities Teppei sees across streaming, anime, and virtual characters.

• Their focus on Gen Z through digital content.

• And much more.

About Teppei

Teppei has spent the past decade investing in the future of gaming, entertainment, and consumer technology. As General Partner at GFR Fund, he’s been instrumental in supporting companies like VRChat, Hiber, Freedom Games, and Omeda Studios, helping them shape the way we play, connect, and create. With his background spanning venture capital, corporate strategy, and even game development, Teppei brings a unique perspective to the evolving gaming landscape.