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$50 M worth Fund II launched by gaming-focused VC Fund Lumikai

A gaming and interactive media fund called Lumikai has announced the opening of its second fund, which will aim to raise $50 million from international investors. Pre-seed to series A investments will be made from the fund to the founders of gaming and interactive media companies.

40 million dollars are being managed by Lumikai Fund I. With the establishment of a specific $10 million AIF for Indian LPs, Lumikai is also inviting domestic Rupee capital in addition to the global corpus. With this, Lumikai will have invested more than $100 million in India’s gaming and interactive media industry overall.

Investors in the Lumikai Fund II include the publicly traded gaming behemoths Mixi and Colopl from Japan, the multi-billion dollar South Korean conglomerates Krafton and Smilegate, the Finland-based decacorn Supercell, Indian strategics like Nazara, and a few significant Indian family offices like the Jeejeebhoys, KCT Group, DSP Kothari, and Sattva Group. Ben Feder, Jon Vlassopulos, Pankaj Gupta, and Akshat Rathee are among the wealthy people who take part in it.

The fund will make investments across five key thesis areas: gaming content, user-generated content platforms and creator economy tools, infrastructure and technology, and frontier bets, such as mixed reality, generative AI, virtual identities, and edge computing.

Bombay Play, Loco, Elo Elo, Studio Sirah, and a number of other game and interactive media companies were already supported by Lumikai from Fund I.




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