KRAFTON is a South Korean video game publisher and holding company best known for PUBG: Battlegrounds. It also makes strategic investments across gaming, AI, and tech startups, including a $670M India-focused growth fund and the $30M Blue Ocean Games indie fund.
Deal activity decreased year-over-year (1 deals in the last 12 months vs 2 prior). Their most common stage is series-a (43% of deals). Average disclosed round size is $27.1M (across 17 rounds with reported amounts).
Portfolio
21
Fund Size
$670M
Top Stage
Series A
Last 12 Mo
1
Team
DL
Dahyun Lee
Client Programmer / UI Designer
Gunhee Kim
Game Designer
HC
Heejung Choi
Client Programmer / UI Designer
Hyunjun Kim
Project Manager
Steve Papoutsis
CEO
Portfolio Breakdown
Stage Distribution
Sector Distribution
Investment Activity
DealsAvg Round Size
Portfolio
21 investments
| Company | Round | Amount | Date |
|---|---|---|---|
 Kuku FM | Series C | $85M | Oct 2025 |
 Cashfree Payments | Series C | $53M | Feb 2025 |
| CCashFree | Growth | $53M | Jan 2025 |
| KKuku | Series D | $85M | Jan 2025 |
| EEschatology Entertainment | Unknown | — | Aug 2024 |
 Red Rover Interactive | Series A | — | Apr 2024 |
 Ruckus Games | Series A | $19M | Jan 2024 |
 Ruckus | Series A | $19M | Jan 2024 |
 MEBIGO LABS PRIVATE LIMITED | Unknown | $25M | Sep 2023 |
 Gardens Studio | Series A | $31.3M | Jul 2023 |
| GGardens | Series A | $31.3M | Jan 2023 |
 LILA Games | Series A | $10M | Mar 2022 |
| AAmazeVR | Unknown | $17M | Jan 2022 |
 Frnd | Series A | — | Dec 2021 |
 Juice Labs | Seed | $1.8M | May 2021 |
 Neon | Series A | $13M | May 2018 |
 FanTiger | Seed | $5.5M | — |
 FanTV | Series A | $3M | — |
 Scatter Lab | Unknown | — | — |
 Supergears | Seed | $2.1M | — |
| MMidsummer Studios | Seed | $6M | — |
Top Co-Investors
India Quotient5 shared
BITKRAFT Ventures4 shared
TIRTA Ventures4 shared
Transcend Fund4 shared
Sequoia Capital3 shared
Vertex Growth Fund2 shared
Paramark Ventures2 shared
Granite Asia2 shared
Global Emerging Markets2 shared
Lightspeed Venture Partners2 shared
FunPlus2 shared
Multicoin Capital2 shared
IOSG Ventures2 shared
Woodstock Fund2 shared
The Fundamentum Partnership2 shared
Apis Partners1 shared
Outsiders Fund1 shared
Elevation Capital1 shared
Behold Ventures1 shared
Last updated: 8 September 2026