Afun Interactive Secures 7 Billion Won Investment... Recognized for IP and Technical Expertise

Virtual Singer 'Appoki' and Other IP Holders

Virtual Artist 'Appoki' of Afun Interactive

Apun Interactive announced on the 9th that it has secured an investment worth 7 billion KRW, recognizing its 3D content production and metaverse technology capabilities.

This investment was made in the form of a bridge investment between Series A and Series B by purchasing Redeemable Convertible Preferred Shares (RCPS). The financial investment industry evaluates this as significant, as it acknowledges the company's strong intellectual property (IP) and differentiated technological capabilities despite the frozen investment market.

Apun Interactive successfully raised a total of 10 billion KRW through Series A investment in 2021 from CJ Investment, Company K Partners, and CJENM. Last year, Kevin Lin, co-founder of Twitch, also made a strategic investment (SI).

Apun Interactive owns IPs such as virtual artists APOKI and LECHAT based on its proprietary 3D production technology. In June, APOKI and LECHAT were ranked first and second respectively in the Korean virtual artist rankings selected by the U.S. virtual influencer information site 'Virtual Humans.' APOKI has collaborated with global brands such as Sony, Tommy Hilfiger, and Dolce & Gabbana, demonstrating the potential for the integration of the real and virtual economies.

Kwon Do-gyun, CEO of Apun Interactive, said, "The 3D content production technology that realizes character IP as artists will have even greater value," adding, "We will strengthen our technological capabilities through this investment and leap forward as a leading metaverse company representing South Korea."

This content was produced with the assistance of AI translation services.