Treasury

Through its subsidiaries, KGeN Foundation has raised cumulatively US$30M across two rounds from marquee early stage investors who have backed some of the most notable technology projects like Facebook, Tencent, India’s largest e-commerce platform (Flipkart), Brazil’s largest food delivery platform (iFood) and Immutable (IMX). The $KGEN token table also includes some of the most respected Web3 ecosystem players like Aptos Foundation, Polygon Labs and Game7.

In the Seed round closed in February 2023, the Foundation raised US$20 million at US$150 million fully diluted valuation. The list of seed round investors is below:

S.No.	Investor	Amount raised via SAFT (in USD)
1	Accel India VII (Cayman) Ltd	$9,000,000
2	Naspers Ventures B.V.	$5,000,000
3	Courtside Venture GP III, LLC	$1,500,000
4	Nexus Ventures VI (Cayman) Ltd	$1,000,000
5	Nazara Technologies FZ LLC	$250,000
6	Game7	$250,000
7	SGverse Pte. Ltd.	$100,000
8	Immutable Pty Ltd	$100,000
9	Multiple Angels	$373,750
10	Token Swap for Asset Purchase of Nerf Design (Multiple Investors)	$3,244,795

In the Ecosystem round closed in October 2024, the Foundation raised US$10 million at a fully diluted valuation of US$500 million. The list of Ecosystem round investors is below:

S.No.	Investor	Amount raised via SAFT (in USD)
1	Aptos Foundation	$5,000,000
2	Polygon Labs	$1,000,000
3	Game7	$4,000,000
4	P2 Ventures	$250,000

From inception, the Foundation has had a single value-accrual mechanism through tokens only. No equity funding has been raised and any venture capital raised (as disclosed above) has been against token supply only.