# Krafton

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/krafton

- Industry: Software
- Headquarters: Seoul, South Korea
- Website: www.krafton.com
- Total disclosed funding: $33M
- Latest round: Series C (Nov 16, 2015)
- Investors on record: 5

## About

Krafton Inc., based in Gyeonggi-do, South Korea, is a prominent game development and publishing company known for creating engaging virtual experiences through innovative technologies and storytelling in the gaming industry.Founded in 2007 in Seoul, South Korea, Krafton Inc. specializes in video game development and publishing. The company has not undergone any significant pivots or ownership changes. It has successfully completed 17 deals and recently raised KRW 4,309,807 mn in an IPO. The current CEOs are Changhan Kim, Kari Joseph, and Sean Sohn.Krafton is primarily recognized for its innovative game development and publishing capabilities, with core products including popular titles such as PUBG: Battlegrounds, New State Mobile, and Callisto Protocol. These games deliver immersive entertainment experiences, utilizing advanced technology and storytelling to engage a diverse global audience. Krafton's offerings cater to gamers across multiple demographics, focusing on multiplayer experiences and single-player narratives. The company is actively expanding its presence in markets like North America, Europe, and Asia, while collaborating with creative studios worldwide to enhance its portfolio.In the most recent fiscal year 2024, Krafton generated revenue of KRW 1,988,100,551.2 with an EBITDA of KRW 945,657,688.6. Revenue is derived from direct-to-consumer sales and partnerships with digital distribution platforms. Titles like PUBG: Battlegrounds utilize a free-to-play model supplemented by in-game purchases, fostering ongoing player engagement and monetization through microtransactions. Collaborative partnerships with other developers and publishers further expand Krafton's revenue streams.Krafton plans to launch new products in the upcoming year, aiming to diversify its offerings and enhance user engagement. The company is targeting expansion into new markets in North America and Europe by the end of 2025, focusing on increasing its gamer base. Recent funding from the IPO will support these initiatives, allowing Krafton to invest in product development and market entry strategies. Stonebridge Ventures has exited its stake in Krafton Inc., although financial terms of the deal were not disclosed.

## Funding rounds

- Series C, Nov 16, 2015, $12M — IMM Investment, Premier Partners
- Series B, Oct 30, 2009, $15M — Stonebridge Capital, IMM Investment, KNet Investment Partners
- Series A, Nov 10, 2008, $6.2M — Altos Ventures

## Investors

- Altos Ventures (https://capitalatlas.ai/funds/altos-ventures) — Series A
- Stonebridge Capital (https://capitalatlas.ai/funds/stonebridge-capital) — Series B
- IMM Investment (https://capitalatlas.ai/funds/imm-investment) — Series B, Series C
- KNet Investment Partners (https://capitalatlas.ai/funds/knet-investment-partners) — Series B
- Premier Partners (https://capitalatlas.ai/funds/premier-partners) — Series C