'4th Anniversary' Crit Ventures Surpasses 100 Cumulative Invested Companies... Investment Amount 196 Billion KRW

Celebrating its 4th anniversary, Krit Ventures announced on the 4th that it has surpassed 100 cumulative portfolio companies. Including follow-up investments, the total number of investments reached 144, with a total of 196 billion KRW deployed.

Krit Ventures' assets under management (AUM) total approximately 260 billion KRW, combining 224 billion KRW in Korea and 36 billion KRW globally. It operates six funds funded by policy capital from Korea Fund of Funds, Growth Finance, Korea Development Bank, and overseas companies such as Supercell and Ubisoft.

The first investment and first exit, ‘Velop’, was listed on the KOSDAQ market at the end of 2022 and currently stands out in the global game republishing sector. Additionally, Swedish game company ‘Snowprint’, Silicon Valley-based manufacturing data platform ‘Glassdome’, among others, have recovered their investments within two years. Space startup ‘Contec’ and online furniture distribution company ‘Studio Samik’ also entered the KOSDAQ market in 2022 and last year, respectively. As a result, Krit Ventures has recorded 18.6 billion KRW in exit proceeds within four years of its establishment.

This year, Krit Ventures continues its active startup investment activities. In the gaming sector, it invested in game developer ‘Averton’, founded by CEO Kim Dae-hwon, former Vice President of New Development at Nexon. CEO Kim participated in projects such as ‘MapleStory’ and ‘Sudden Attack’ at Nexon and developed hit titles like ‘AxE’, ‘Prasia Jeongi’, and ‘Dave the Dive’. He is currently developing a large-scale massively multiplayer online role-playing game (MMORPG). Krit Ventures also invested in emerging game studios ‘Supervillain Labs’ and ‘Puzzle Monsters’, which utilize artificial intelligence (AI) technology for content production.

In the blockchain sector, Krit Ventures is achieving results by investing in blockchain network infrastructure ‘SAGA Chain’, Web 3.0 intellectual property (IP) character ‘Pudgy Penguins’, and decentralized infrastructure management solution ‘Peaq’.

Song Jae-jun, CEO of Krit Ventures, said, “In just four years since our founding, we have invested in over 100 innovative companies and projects and achieved remarkable exit results. Based on my management know-how, strategic investments, and global market entry experience gained directly at Com2uS, we will continue to contribute to the growth of startups.”

Founded by CEO Song in August 2020, Krit Ventures invests evenly from seed to Series C stages in startups across various innovative technology fields including gaming, content such as video and music, blockchain, IT platforms, and deep tech. CEO Song previously served as CEO of Com2uS and currently serves as the Global Chief Investment Officer (GCIO) of the Com2uS Group.

This content was produced with the assistance of AI translation services.