VeriFi project KGeN completes $13.5 million strategic financing, with participation from Jump Crypto and others

BlockBeats News, on September 30, KGeN, a company dedicated to building the world's largest verification distribution protocol for artificial intelligence, decentralized finance (DeFi), gaming, and consumer applications, announced today that it has completed a new round of strategic financing of $13.5 million. This round was participated by Jump Crypto, Accel, and Prosus Ventures. With this, KGeN's total financing has reached $43.5 million, which will be used to build the world's first verification distribution protocol (VeriFi) network empowering the growth of AI, DeFi, and gaming.

According to the official statement, this round of financing was launched following the company's $20 million seed round in January 2023 and a $10 million ecosystem round in November 2024. Currently, the KGeN protocol system, business stack, and loyalty infrastructure have covered more than 60 countries worldwide. By verifying real users and putting engagement, commercial behavior, and reputation on-chain, it provides developers with an anti-bot distribution layer while enabling users to benefit from their time, skills, and networks.

So far, KGeN has become a leader in the global southern verification distribution sector, with 38.9 million protocol users, 6.14 million monthly active users, and 780,000 daily active users. It has established partnerships with over 200 revenue partners in the AI, DeFi, gaming, and commercial sectors. The company's annual revenue has reached $48.3 million, with a team of 95 people distributed across multiple regions worldwide.