Gaming-focused VC Fund Lumikai launches $50 Mn worth Fund II

Lumikai, a gaming and interactive media fund, has announced the launch of its second fund targeting a $50 million corpus from global investors. The fund will be deployed in pre-seed to series A investments into gaming and interactive media founders. 

Lumikai Fund I has $40 million under management. Aside from the global corpus, Lumikai is also inviting domestic Rupee capital with the setup of a dedicated $10 million AIF for Indian LPs. This will bring Lumikai’s total investment into India’s gaming and interactive media sector to over $100 million. 

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, Indian strategics including Nazara and select large Indian family offices including the Jeejeebhoys, KCT Group, DSP Kothari, and Sattva Group. High net worth individuals such as Ben Feder, Jon Vlassopulos, Pankaj Gupta and Akshat Rathee also participate in it.

The fund will invest across five key thesis areas: gaming content, UGC platforms and creator economyTools, technology and infrastructure and frontier bets, including mixed reality,  generative AI, virtual identities, and edge computing.

From Fund I, Lumikai already backed some of games and interactive media companies including Bombay Play, Loco, Elo Elo, Studio Sirah and several others.