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Did Gardens Interactive Raise a $35M+ Series B? What Public Sources Confirm

Gardens Interactive announced a $31.3 million Series A in 2023, co-led by Lightspeed Venture Partners and Krafton. The public sources reviewed do not substantiate claims of a $35M+ Series B, a $190 million pre-money valuation, or $71 million raised in total.
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Public sources reviewed do not substantiate claims that Gardens Interactive raised a $35M+ Series B, had a $190 million pre-money valuation, or reached $71 million in total funding. The studio announced a $31.3 million Series A on July 11, 2023, co-led by Lightspeed Venture Partners and Krafton.

What funding has Gardens Interactive publicly announced?

Gardens Interactive’s July 11, 2023 announcement describes a $31.3 million Series A co-led by Lightspeed Venture Partners and Krafton. The studio’s announcement is the clearest source for the amount and round designation: Gardens Interactive’s announcement.

Two contemporaneous sources corroborate the Series A amount and co-leads. Law firm Cooley said it advised Gardens on the round, and Axios reported the same financing: Cooley’s deal notice and Axios’ report.

Are the Series B, valuation, and $71 million total confirmed?

The public sources reviewed do not substantiate a $35M+ Series B, a $190 million pre-money valuation, or $71 million in cumulative funding. That is a limit on what these public sources establish, not proof that no private or later financing exists. The confirmed announcement above is a Series A, not a Series B.

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CB Insights lists $35.88 million raised over two rounds and identifies a $31.38 million Series A dated May 31, 2023 as the latest round. That database estimate does not confirm the claimed Series B, valuation, or $71 million total. It also differs from Gardens’ announced $31.3 million figure; the database’s aggregate is its own reported total, not a company-confirmed cumulative amount. See CB Insights’ Gardens Interactive profile.

What is Gardens Interactive developing?

When it announced the Series A in 2023, Gardens described its game as an online PvPvE fantasy adventure sandbox ARPG. Co-founder and game director Chris Bell said it was inspired by online RPGs, MMOs, and fantasy action-adventure games, with an emphasis on encounters between strangers.

The studio’s homepage now describes its flagship project as a shared fantasy adventure focused on “social roleplay.” In a year-in-review published in January 2026, Gardens called the debut game secret and Project Gardens a working title. It reported remote playtests and an in-person Summer Game Fest teahouse demo for a select group of friends, investors, and potential publishing partners. The material reviewed does not identify a public release date, platform list, final title, or consumer product listing. See the studio homepage and its 2025 year-in-review.

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