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9 May 20241 minute read

DLA Piper advises Krafton as lead investor in USD15 million Red Rover Series A round

Global law firm DLA piper has advised Krafton Inc., the South Korean video game company and publisher of popular title PUBG, as the lead investor in the USD15 million Series A funding round of UK-based multiplayer game development studio Red Rover.

The funds are intended to fuel the development of Red Rover’s debut title, codenamed ‘Project Coltrane’. The Series A round saw Krafton joined by a number of other investors including Tirta Ventures, Overwolf, The Games Fund, Behold Ventures, GEM Capital, Lifelike Capital and Acequia Capita.

The DLA Piper team advising Krafton was led by Corporate partner Alexander Kolmakov, with support from senior associate Alexandra Keane and associate Annisa Chan, with partner Duncan Calow and associate Elizabeth Bingham advising on IP considerations.

Alexander Kolmakov, partner at DLA Piper, comments: “This significant investment from Krafton and others marks a milestone in Red Rover’s development of Project Coltrane, and into the UK gaming ecosystem. Given Krafton’s experience and pedigree in the space, the investment is sure to yield an exciting and fruitful partnership.”