Konvoy Ventures

Managing Partners Josh Chapman and Jason Chapman lead the investment team, joined by Partner Jackson Vaughan. The Chapman brothers founded the firm in 2019 after advising gaming and esports startups. The partnership maintains a flat structure where all three named principals participate in investment committee decisions, drawing on a network of gaming-industry limited partners for deal diligence.

Konvoy's LP base includes game studio founders, platform executives, and esports team owners who refer pre-seed and seed-stage companies before broader institutional syndication processes begin. The firm's content arm publishes the widely distributed 'Konvoy Quarterly Gaming Report,' which uses data-driven research to attract game developers and serves as an inbound-sourcing tool. This dual operator-network and content-marketing model creates access to startups that generalist VC funds often overlook.

Konvoy operates as a traditional institutional venture capital firm raising blind-pool funds from external limited partners, not as a family office. The firm closed its second fund at approximately $130 million in 2022 (per Axios, 2022) and filed for a third fund in late 2023. The Chapman brothers maintain personal ownership of the management company but deploy third-party LP capital.

Konvoy exclusively makes direct investments into early-stage gaming and gaming-infrastructure companies, writing first checks at the pre-seed and seed stages. The firm does not operate as a fund-of-funds or participate in club deals as a passive LP in other venture funds. Its investment vehicles are structured to hold board seats and actively support portfolio companies through operator networks.

Konvoy targets pre-seed and seed rounds, entering before gaming startups typically attract traditional media or generalist VC attention. The firm has occasionally followed on in later rounds for top-performing portfolio companies, but the mandate centers on being the first institutional check. This stage focus reflects a belief that gaming-specific market risk is best assessed before a company reaches Series A scale.

Konvoy's LP base is unusual for a venture fund: rather than endowments and pension funds, many backers are active operators in the gaming and esports sectors—studio founders, platform executives, team owners, and industry entrepreneurs. These LPs provide deal flow and diligence support but have no formal governance role. The firm refers to this as an 'operator LP' model that aligns capital with domain expertise.

Konvoy typically leads or co-leads seed rounds, often in partnership with specialist gaming or interactive-media funds rather than generalist technology vehicles. The firm is known to syndicate selectively with sector-specific co-investors such as BITKRAFT Ventures and Griffin Gaming Partners (public record). Konvoy does not operate an open co-investment platform for its own LPs.