GXC, the South Korean gaming technology developer, has created a corporate fund to invest in video game-related companies.
South Korea-headquartered gaming technology provider GXC has formed a $40m corporate venturing fund called Round Ventures.
The Singapore-based Round Ventures seeks to back video game-related companies, providing between $2m and $8m per deal and focusing on those already generating revenues. It intends to invest alongside co-investors in rounds sized at about $10m to $50m.
The fund will also be holding an investment summit next month in South Korea titled Round Ventures Select Asia, where startups will have the opportunity to showcase their projects and be chosen for investment.
“The launch of Round Ventures demonstrates GXC’s bullish perspective on the opportunity for value creation from building and investing in the games industry,” said Rick Nahm, the general partner at Round Ventures. “The fund is eager to support the projects of the future.”
Founded in 2015, GXC has expanded throughout the…
