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2026 Outlook: Building with Discipline in a Changing Market

This blog was a collaboration between Teppei Tsutsui, Yasushi Komori, Patrick Montague, and Yuhan Ma of GFR Fund.

Q3 2025 VC Market: The Megadeal Era and the Great Consolidation

Venture capital funding maintained its strong trajectory in Q3 2025, crossing the $80 billion mark with impressive...

Q2 2025 Venture Market: Fewer Deals, Bigger Bets, and a Hard Tech Surge

Venture capital funding held strong in Q2 2025, crossing the $90B mark for the third straight quarter. While the number...

Q1 2025 VC Markets: AI Dominance, Mega Deals, and Record-Breaking Exits

Venture capital came out swinging in Q1 2025, with global funding hitting $120.9B—the highest quarterly total since...

Optimism VS. Anxiety: A Gen Z Perspective of the Global AI Race

Gen Z is the first generation to grow up alongside the internet — they see all the ebb and flow of new and emerging...

Everything You Need to Know about Q4 24 VC Markets: From Funding Rebound to the AI Dominance

In Q4 2024, the venture capital (VC) market was showing signs of recovery, marking a two-year high in quarterly...

GFR's 2024 Startup Market Insights and Expectations for 2025

At GFR Fund, we believe in empowering startups and investors with insights that help them navigate the ever-evolving...

From Gameplay to Marketing: Inside Last War — the Mobile Game Winning Over Japan and the US

Last War: Survival Game has made a remarkable impact in both the Japanese and U.S. mobile gaming markets, achieving a...