KRAFTON Backed Blue Ocean Games Launches $30Mn Fund To Support Indie Game Developers

Blue Ocean Games, a new early‑stage venture firm backed by KRAFTON, has launched a $30 million fund to help indie game developers worldwide, starting with India’s growing talent.

Based in Toronto and founded by Damian Lee (formerly Head of Investments at KRAFTON), the fund plans to support up to 100 developers over three years. It offers money and hands‑on help at the idea stage, focusing on India’s booming game scene.

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They’ll use a special deal called SAIL (Structured Agreement for Indie Launch), which combines early funding, milestone‑based payouts, and a mix of equity and revenue sharing. Individual developers can get up to $100,000 each, or teams up to $300,000 over two years, while keeping full ownership of their games.

“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 Lee, who now serves as Blue Ocean Games' Managing Partner. 

“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," he added.

KRAFTON India CEO Sean Hyunil Sohn 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.”

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Beyond funding, the program provides setup help—like incorporation, bookkeeping, and mentoring—and groups developers into cohorts to encourage teamwork.

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