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Web3 gaming startup Kratos Gamer Network raises fresh funds; valuation jumps to $500 million

Economic Times

Economic Times · 2d

Web3 gaming startup Kratos Gamer Network raises fresh funds; valuation jumps to $500 million

Kratos Gamer Network (KGeN), a Web3 gaming startup, has raised $10 million in funding, led by Aptos Labs. This brings KGeN's valuation to $500 million, a threefold increase. The startup, founded in 2022, has reached $12 million in annualized revenue run rate (ARR) and onboarded 10.8 million gamers on its network. KGeN plans to expand its presence in emerging markets, particularly the Middle East, which it believes has the potential for significant gaming growth. The funding will be used to scale the platform, introduce new features, and expand in these markets.

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