KGeN raises $13.5 million from Jump Crypto, Accel and Prosus Ventures… reaches $43.5 million in total funding

Global verification distribution protocol company KGeN announced on the 1st that it raised $13.5 million in a recent strategic investment round. Jump Crypto, Accel and Prosus Ventures participated in this investment round.

This brings KGeN's total cumulative funding to $43.5 million. KGeN previously received a $20 million seed investment in 2023 and a $10 million ecosystem investment in 2024.

The company said the investment round was carried out in line with global market expansion. KGeN is currently expanding its protocol, commerce and loyalty infrastructure across more than 60 countries worldwide. Total users number 38.9 million, and monthly active users (MAU) and daily active users (DAU) reach 6.14 million and 780,000, respectively. Annualized revenue is $48.3 million.

KGeN's core technology is the identity and reputation framework 'POGE'. POGE is an infrastructure that aggregates users' actual engagement and commerce activities and converts them into reliable data. The data aggregated by POGE is used for ▲obtaining precise user information (Verified UA), ▲programmable on-chain royalties, ▲a customized decentralized commerce platform 'K-Store', among other applications. To date, the information aggregated by POGE amounts to 876 million items.

Ishank Gupta, KGeN co-founder, said, "KGeN is a transparent protocol designed so partners can directly enjoy benefits," adding, "Using POGE, we help partner companies acquire and retain the right users."

Investors also viewed KGeN's growth potential highly. Saurabh Sharma, Jump Crypto's Chief Investment Officer (CIO), said, "KGeN has transformed the distribution process, which has long been a major industry concern, into a system that can transparently record and manage it," and "KGeN's solution will support growth in artificial intelligence (AI) and decentralized finance (DeFi)."