KGeN Raises $43.5M in Strategic Funding Round Led by Jump Crypto, Accel, and Prosus Ventures

KGeN, a Web3 protocol, has raised $43.5 million in a funding round led by Jump Crypto, Accel, and Prosus Ventures. The funds will support the expansion of its Verified Distribution Protocol, infrastructure stack, and loyalty framework across 60+ countries. KGeN verifies real users and turns reputation into a portable, on-chain asset across AI, DeFi, and gaming ecosystems. The protocol has 38.9 million verified users, generating $48.3 million in annualized revenue and serving 780,000 daily active users.

KGeN, a prominent Web3 protocol, has successfully closed a $43.5 million funding round, led by Jump Crypto, Accel, and Prosus Ventures. The funding will significantly bolster KGeN's expansion efforts, particularly in its Verified Distribution Protocol, infrastructure stack, and loyalty framework across 60+ countries. This strategic investment will allow KGeN to further its mission of verifying real users and turning reputation into a portable, on-chain asset, serving the AI, DeFi, and gaming ecosystems.

With the new funding, KGeN aims to enhance its existing infrastructure and loyalty framework, making it accessible to a broader user base. The protocol currently boasts 38.9 million verified users, generating $48.3 million in annualized revenue and serving 780,000 daily active users. The expansion will not only increase user engagement but also provide a robust platform for third-party projects to skip the verification stage and gain access to genuine user engagement.

KGeN's leadership, led by Manish Agarwal, an elder council member, emphasizes the protocol's ability to address the critical issue of trust in consumer growth. By verifying real users and turning their reputation into an asset, KGeN provides a distribution rail that converts and scales for AI, DeFi, and gaming companies, as well as consumer apps. This approach has positioned KGeN as a leader in the Aptos on-chain ecosystem, with the toolset already adopted by several projects.

The funding round follows KGeN's accelerated fundraising activity since 2023, as part of its scaling efforts. The company has built a commercial stack and loyalty infrastructure accessible to over 60 countries, verifying real users with data on engagement, commerce, and reputation. This infrastructure has been instrumental in creating a bot-resistant distribution system, where users are rewarded for their time, skill, and networking.

Saurabh Sharma, Chief Investment Officer at Jump Crypto, underscored the significance of KGeN's verified users, on-chain proofs, and real revenue traction, stating that these elements set the protocol to power the new influx of AI and DeFi applications. The ecosystem's ability to identify value-producing users and save multiple steps for other startups and e-commerce companies further highlights KGeN's strategic value.

Despite its tokenless nature, KGeN is currently running an airdrop campaign, with point production to be swapped 1:1 into the upcoming KGeN token. This move signifies the company's commitment to integrating token-based incentives into its ecosystem, further enhancing its value proposition.