The Week that Was: Indian Startup News Overview (21th April - 27th April)


 

Funding News: Blue Ocean Games Launches $30 Million Fund to Empower Indie Game Developers

Startup: Blue Ocean Games

Founder: Damian Lee

About us: BlueOcean Gaming exists as an independent B2B online gambling software provider offering our customers the best products and services in the iGaming industry.

BlueOcean Gaming Gamehub aggregation also known as Gamehub alows casino operators to launch multiple game providers with a single API integration. Currently  offering more than 70 online casino game providers and altogether around 5.000 games we are still constantly expanding our offer and usability improvements. With the additional features we are constantly developing we are striving to provide our clients with easy to use, time saving and efficient all-in-one solution for their online casino business.

Founded Year: 2009

Office: South Korea

Sector: Gamin

Funding Round: Seed Round

Investors: Krafton Inc., Damian Lee, Blue Ocean Games

Blue Ocean Games, a venture fund backed by the prominent South Korean gaming company Krafton Inc., has announced the creation of a $30 million fund aimed at supporting independent game developers globally, with a particular focus on emerging talent from India.

The fund, spearheaded by Damian Lee, the former head of investments at Krafton, aims to assist 100 developers over the next three years. Blue Ocean Games offers funding at the conceptual stage, even before developers have a playable prototype, through an innovative investment model called the Structured Agreement for Indie Launch (Sail). Each team can receive up to $300,000 in funding over two years, with individual developers eligible for $100,000.

Under the Sail model, developers retain full ownership of their intellectual property. The framework includes a hybrid stock and revenue-sharing arrangement designed to balance investor returns with developer autonomy.

Website: https://www.blueoceangaming.com