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PUBG Corp invests $10m in VC firm 1Up

Date Type Companies involved Size
August 14th, 2020 investment PUBG Corp $10m
PUBG Corp invests $10m in VC firm 1Up

Playerunknown's Battlegrounds maker PUBG Corp has invested $10m in Microsoft vet Ed Fries' new venture capital firm.

As reported by GamesIndustry.biz, the studio has backed 1Up, which was founded by the ex Big M exec last year.

"With our investment in 1Up Ventures, PUBG Corporation is looking to foster the next generation of video game developers around the world," PUBG Corp CEO Chang Han Kim said.

"A vibrant and diverse indie community benefits the entire industry. PUBG grew from a spirit of independence and collaboration, so we are proud to support a fund like 1Up Ventures to help create a sustainable path and environment for the industry-changing games and developers of tomorrow."

Between its launch in March 2017 and July of this year, Playerunknown's Battlegrounds has sold over 70m copies


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PCGamesInsider Contributing Editor

Alex Forbes-Calvin is a freelance writer and photographer, mostly operating within the games industry. Over his career, he has written for the likes of MCV, Eurogamer, GamesIndustry.biz, The Observer, VGC and Esquire. That's on top of writing books for Dark Horse on RuneScape, Assassin's Creed, Dead Island 2 and more.