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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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Editor - PC Games Insider

Alex Calvin is a freelance journalist who writes about the business of games. He started out at UK trade paper MCV in 2013 and left as deputy editor over three years later. In June 2017, he was hired to launch PCGamesInsider.biz for Steel Media before departing the firm in October 2019.

He has also written for GamesIndustry.biz, VGC, Games London, The Observer/Guardian and Esquire UK.

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