Blue Ocean Games today announced the launch of its $30 million USD fund with a mission to transform early-stage indie game development worldwide. Founded by Damian Lee, former Head of Investments at KRAFTON, Inc. the South Korean gaming powerhouse behind BATTLEGROUNDS MOBILE INDIA, aims to discover and empower promising indie developers globally who fall outside traditional investment criteria.
Blue Ocean Games launches $30M Venture
Through its unique funding model, Blue Ocean Games creates pathways for groundbreaking game concepts that might otherwise never reach players. The company’s first fund is backed by KRAFTON, Inc., which has a strong presence and commitment to fostering the Indian gaming ecosystem.
There is a structural problem in the indie game industry worldwide where the gap between what investors fund, what developers dream of creating, and what players crave has grown too wide,” said Damian Lee, Founder and Managing Partner of Blue Ocean Games. “We want to provide accessible pathways for developers of all backgrounds, whether they are self-taught creators with a unique vision, or small teams making their first or second game. We are particularly excited about the immense creative potential and innovative concepts emerging from India, which possess both local relevance and global appeal.
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Investment at the concept stage, before the first playable build Funding of $100,000 per developer (up to $300,000 per team), disbursed over two years Objective, market-validation milestones rather than subjective checkpoints Hybrid equity and revenue share agreement that balances developer control with investor returns Developer retention of IP ownershipThe fund will also provide practical support beyond financing, including incorporation assistance, bookkeeping services, and mentorship from industry veterans. Developers will be grouped in cohorts, creating a collaborative community that can share knowledge and resources. While the inaugural fund is currently optimized for solo developers and smaller teams who are first-time founders, the company plans to expand support to include larger, more experienced teams in the future through subsequent funds.
Sean Hyunil Sohn, CEO, KRAFTON India, said, “India is a powerhouse of creativity and technical skill, yet many brilliant ideas struggle to find early support. Blue Ocean Games introduces a forward-thinking investment model that gives indie developers critical financial backing at the earliest stages. By enabling creators to pursue bold ideas while retaining ownership and creative control, it lays the foundation for sustainable success. We’re excited to support this initiative and look forward to the incredible games that will emerge from it.
Central to Blue Ocean Games’ talent discovery approach is “Rising Tide,” a new, ongoing series of online competitions and challenges designed to help developers from all backgrounds and locations validate ideas, gain recognition, and advance their projects, whether or not they seek funding. The first Rising Tide challenge will launch on May 1, 2025, in partnership with Global Game Jam, with applications for direct funding opening simultaneously.
Rising Tide is an idea proving ground for game developers at every stage and from every background,” explained Lee. “It’s a great opportunity to validate ideas and gain the confidence needed to dedicate more time and resources to a project. Participants can pursue funding if they choose, but there’s no obligation. By supporting developers at the concept stage with validation and potential funding, we are not just investing in games—we’re investing in the future of the industry and the next generation of creative talent.”
The competition is open to developers worldwide. Blue Ocean Games hopes that robust participation from India will enable the formation of a dedicated India track to spotlight emerging local talent. Developers interested in participating in Rising Tide or seeking funding through Blue Ocean Games are encouraged to visit www.blueoceangames.com/.
Blue Ocean Games, backed by KRAFTON, Launches $30M Venture to Fuel Indie Game Innovation Inside Sport India.
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