Lumikai, an early-stage venture capital fund focused on gaming, on Thursday said it has launched a second fund targeting a $50-million corpus from global investors.
Lumikai Fund II investors include publicly listed Japan-based gaming giants Mixi and Colopl; South Korean multi-billion-dollar conglomerates Krafton and Smilegate; Finland-based decacorn Supercell; India’s Nazara; and select large Indian family offices including the Jeejeebhoys, KCT Group, DSP Kothari, and Sattva Group.
High net worth individuals also participated in the raise, including Ben Feder (former CEO of Take Two Interactive), Jon Vlassopulos (CEO, Napster), Pankaj Gupta (founder, Gulf Islamic Investments), and Akshat Rathee (founder, Nodwin Gaming).
Lumikai said the funds will be deployed in pre-seed to Series A investments into India’s gaming and interactive media founders.
