Patron raises $100 million, focusing on the consumer sector driven by gaming technology.

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 $100 million fund, focusing on investing in early-stage consumer technology startups, especially those inspired by gaming technology.

Patron has received support from several heavyweight investors in Silicon Valley, including Marc Andreessen, Chris Dixon from Andreessen Horowitz, Fred Wilson, co-founder of Union Square Ventures, Garry Tan, President of Y Combinator, and Ron Conway, founder of SV Angel.

Patron plans to invest in 20 to 25 companies over three years, with individual investments ranging from $1 million to $4 million, focusing on leveraging gaming industry experience to drive innovation in other markets such as AI virtual assistants and smart shopping assistants.