Haegin Secures 100 Billion KRW Investment... Joins Unicorn Ranks
[Asia Economy Reporter Seungjin Lee] Mobile game company Haegin, led by CEO Youngil Lee, co-founder of Com2uS, announced on the 28th that it has completed a Series B investment round totaling 100 billion KRW.
This investment included participation from existing investors such as Bon Angels Venture Partners (hereinafter Bon Angels) and Storm Ventures, as well as new investments totaling 40 billion KRW from Kakao Games and Neptune. Additionally, major domestic and international investors such as Alois Ventures, KDB Industrial Bank, Kona Venture Partners, Netmarble, NetEase, Lotte Ventures, and VNG also joined. As a result, Haegin has joined the ranks of 'unicorn companies' valued at nearly 1 trillion KRW among unlisted startups under 10 years old.
Haegin is a mobile game company founded in September 2017 by Youngil Lee, co-founder of Com2uS. In its early stages, it attracted over 8 billion KRW in investments from Storm Ventures, Tencent, Bon Angels, Netmarble-Kona Fund, and Devsisters, among others. Experts from various fields with extensive experience and skills in the global gaming market have continuously joined the company.
The casual metaverse game "Play Together," released in April last year, achieved 80 million global cumulative downloads and 4 million daily active users (DAU) within less than a year of its launch. Earlier this year, it was selected as the Best App in the Metaverse Game category at the '2021 Asia-Pacific Awards' announced by global mobile data analytics firm Sensor Tower.
Haegin is currently developing two new mobile games in the sports and RPG genres, aiming for release this year. The funds secured through this investment will be actively used to significantly expand talent recruitment, improve working conditions and welfare systems, and increase investment in the gaming business to strengthen the company's overall capabilities for becoming a global game company.
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Youngil Lee, CEO of Haegin, stated, "With this investment, we will strengthen the services of our main lineup including 'Home Run Clash,' 'Overdox,' 'Extreme Golf,' and 'Play Together,' and accelerate the development of two new games to leap forward as a global game company. In the increasingly competitive metaverse platform market, we will not be satisfied with being the number one casual metaverse platform, but will do our utmost to lead the creation of a more enjoyable and exciting metaverse world."
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