Krafton is among the limited partners in the venture capital firm's latest fund, which has just has its targeted close doubled.
India-based venture capital firm 3one4 Capital aims to increase the size of a third fund backed by game developer Krafton from its Rs 7.5bn target to Rs 15bn ($202m), The Economic Times has reported.
The vehicle has raised approximately $135m since it was laucnhed in December 2019 and 3one4 plans to extend an existing over-allotment option to reach its new target. Its limited partners also include Nippon India Digital Innovation, CDC Group and undisclosed family offices, institutional investors and endowment funds.
3one4 invests in developers of technology in areas such as software-as-a-service, financial technology, digital media, deep technology, enterprise automation, health technology and direct-to-consumer products
The fund reached a first close in September 2020 and has invested in more than 20 companies to date, including social network Koo, health monitoring device producer Dozee, digital financial services provider WeRize, vehicle charging stsrem developer Exponent Energy and sales software producer Everstage.
Fernando Moncada Rivera
Fernando Moncada Rivera is a reporter at Global Corporate Venturing and also host of the CVC Unplugged podcast.
