KoreaTechDesk | Korean Startup and Technology News

Sun, December 03, 2023

Sign in

Submit Article
Menu
  • Home
  • Startup News
    • AI & Big Data
    • AR & VR
    • Blockchain
    • Clean Technology
    • Content & Games
    • Cybersecurity
    • Enterprise & SaaS
    • FinTech
    • Gadgets & Electronics
    • Health & Bio
    • Manufacturing
    • IoT
    • Marketplaces & E-commerce
    • Robotics
    • Transportation
    • Investments
    • Ecosystem & Lists
  • Governments
    • Gyeonggido Business & Science Accelerator
    • Invest Seoul
    • Korea Creative Content Agency
    • Korea Internet & Security Agency
    • Korea Institute of Startup & Entrepreneurship Development
    • Korea Tourism Organization
    • Korea Trade-Investment Promotion Agency
    • Ministry of Culture, Sports and Tourism
    • Ministry of SMEs & Startups
    • National IT Industry Promotion Agency
    • Pangyo Techno Valley
    • Seoul Business Agency
    • Seoul FinTech Lab
    • South Gyeongsang Province
    • Seoul Metropolitan Government
  • Events
    • COMEUP
    • NextRise
    • Try Everything
    • Virutal Demoday
  • Interviews
  • Programs
    • Asan Voyager
    • CAPA Global Program
    • Campus Town Program
    • SGSC Global Bootcamp
    • LAUNCHPAD
    • COMEUP STARS 120
    • K-Startup Grand Challenge
    • TIPS X beSUCCESS Global Project
    • SFL Global Program
    • KTO Global Showcase
    • Yonsei Univ Global Class
    • KOSME Global Program
  • Investment Opportunities
  • Business Agencies
  • Lists
  • Home
  • Startup News
    • AI & Big Data
    • AR & VR
    • Blockchain
    • Clean Technology
    • Content & Games
    • Cybersecurity
    • Enterprise & SaaS
    • FinTech
    • Gadgets & Electronics
    • Health & Bio
    • Manufacturing
    • IoT
    • Marketplaces & E-commerce
    • Robotics
    • Transportation
    • Investments
    • Ecosystem & Lists
  • Governments
    • Gyeonggido Business & Science Accelerator
    • Invest Seoul
    • Korea Creative Content Agency
    • Korea Internet & Security Agency
    • Korea Institute of Startup & Entrepreneurship Development
    • Korea Tourism Organization
    • Korea Trade-Investment Promotion Agency
    • Ministry of Culture, Sports and Tourism
    • Ministry of SMEs & Startups
    • National IT Industry Promotion Agency
    • Pangyo Techno Valley
    • Seoul Business Agency
    • Seoul FinTech Lab
    • South Gyeongsang Province
    • Seoul Metropolitan Government
  • Events
    • COMEUP
    • NextRise
    • Try Everything
    • Virutal Demoday
  • Interviews
  • Programs
    • Asan Voyager
    • CAPA Global Program
    • Campus Town Program
    • SGSC Global Bootcamp
    • LAUNCHPAD
    • COMEUP STARS 120
    • K-Startup Grand Challenge
    • TIPS X beSUCCESS Global Project
    • SFL Global Program
    • KTO Global Showcase
    • Yonsei Univ Global Class
    • KOSME Global Program
  • Investment Opportunities
  • Business Agencies
  • Lists
Home Content & Games

Mobile game startup Haegin joins ‘unicorn’ club with $82 million investment

chloe kim by chloe kim
March 2, 2022
in Content & Games
32
Haegin

Haegin's Play Together is a popular mobile game.

0
SHARES
53
VIEWS
Share on FacebookShare on Twitter

Haegin, a Korean mobile game company, has attracted 100 billion won ($82 million) in Series B investment. The Korean startup has now joined the ranks of ‘unicorn companies,’ valued at close to 1 trillion won ($8 billion) among unlisted startups in business for less than ten years.

Existing investors such as Bon Angels Venture Partners and Storm Ventures participated in this investment round. In addition to Kakao Games and Neptune, which made new investments worth 40 billion won ($33 million), Alois Ventures, KDB Industrial Bank, Kona Venture Partners, Netmarble, NetEase, Lotte, and foreign investors such as Ventures and VNG also joined.

Haegin oversaw the development of global hit games including ‘Summoners War: Arena in the Sky,’ ‘Golf Star,’ ‘God of Fishing,’ ‘Home Run Battle,’ and ‘Com2uS Professional Baseball’ and became the first domestic mobile game company to be listed on the KOSDAQ.

 ‘Play Together’ draws global attention in the Metaverse market

The Korean mobile game company was founded in September 2017 by Lee Young-il, the successful co-founder of Com2uS. It has been consistently recognized for its development capabilities in the market. At the beginning of its establishment, it attracted more than  8 billion won in investment from Storm Ventures, Tencent, Bon Angels, Netmarble-Kona Fund, Devsisters, etc. Based on this, Haegin introduced various games with casual gameplay such as ‘Home Run Clash,’ ‘Overdogs,’ ‘Extreme Golf,’ and ‘Play Together’ to the global market. The main lineups account for more than 90% of total users and sales indices worldwide.

In particular, ‘Play Together’, released in April last year, is a casual metaverse game that supports mini-games, daily life experiences, character and house customization, etc., in a play environment with a high degree of freedom. Within a year of its release, it achieved 80 million global downloads and 4 million daily users (DAU). Furthermore, ‘Play Together’ draws attention in the global metaverse market by signing strategic MOUs with IPX (formerly Line Friends), Genie Music, Daehong Planning.

Startup to develop more games this year

Haegin is developing two new mobile games, including sports and RPG, to release this year. “The amount secured by this investment will be used for a large-scale expansion of recruitment of excellent talent, improvement of the working environment and welfare system, and expansion of investment in the game business to become a global game company. We plan to utilize it to strengthen the overall company’s capabilities actively,” a company statement said.

CEO Young-il Lee said, “With this investment as an opportunity, we will strengthen the services of our main line up such as ‘Home Run Clash,’ ‘Overdogs,’ ‘Extreme Golf’ and ‘Play Together’ and spur the development of two new games to become a global game company. We will do our best to leap forward.”

“We will do our best to lead the realization of a more enjoyable and exciting metaverse world, rather than being satisfied with being the No. 1 casual metaverse platform in the competitive metaverse platform market,” he added.

Also Read,

  • RIDI cements its ‘unicorn’ startup position with $99 million investment 
  • Check out the Korean startups that have achieved the ‘Unicorn’ status
  • South Korea now has 15 unicorn startups, ‘Baby Shark’ wins the case and other news
  • Game, set, go! These Top Korean gaming companies are all set to rule 2020
What’s your thoughts?
+1
0
Upvote
+1
0
Clap
+1
0
Clap
+1
0
On fire
+1
0
Meh
+1
0
Clap
+1
0
Tags: GamingHaeginInvestmentMobile gamesPlay TogetherUnicorn startup
Previous Post

Korean startup Wayne Hills Bryant AI steps up global expansion plan with investment from Middle-East  

Next Post

Korean startup Hanteo Global gaining grounds as ‘K-Pop Big Data Company’

Next Post
Hanteo Global combines K-pop and data technology to serve millions of K-pop fans

Korean startup Hanteo Global gaining grounds as ‘K-Pop Big Data Company'

Please login to join discussion
No Result
View All Result

POPULAR POSTS

Unlocking Investment Opportunities: KOSME-beSUCCESS’ ...
Korean startups are exploring global expansion, with…
by Richard Park . 9 Sep 2023

Unveiling Korean Startups’ Innovation and Investm...
In the ever-evolving landscape of global entrepreneurship, a remarkable event is on the horizon that promises to showcase the ingenuity…
by KoreaTechDesk Writer . 5 Sep 2023

Toonsquare Launches Innovative Webtoon Creation Softwar...
Korean webtoon creator platform Toonsquare announced the global release of “Tooning Magic AI,” utilizing the “Stable Diffusion” technique. “Stable Diffusion”…
by chloe kim . 1 Jun 2023

Korean Media Reports Disney Korea’s OTT Content T...
In a significant development as per media reports, all members of Disney Korea’s OTT content team in South Korea responsible…
by KoreaTechDesk Writer . 20 Jun 2023

Pangyo Techno Valley: A Thriving Startup Hub in Korea
South Korea is an emerging land for startups, and its “Silicon Valley” is the sprawling, state-of-the-art campus of Pangyo Techno…
by Aditi Dave . 7 Apr 2023




banner-sidebar

MOST READ ARTICLE OF THE WEEK

1.
Top Accelerators in South Korea Shaping Startup Success
29 Nov 2023
2.
Top Korean Venture Capital Firms Backing Startup Success
26 Oct 2023
3.
Top Five Apps to translate Korean to English
14 Aug 2023
4.
13 Reasons Why Seoul is the best city for startups to launch their business 
15 Jun 2022
5.
Check out the Korean startups that have achieved the ‘Unicorn’ status
9 Aug 2021

Topics

Menu
  • AI & Big Data
  • AR & VR
  • Blockchain
  • Clean Technology
  • Content & Games
  • Cybersecurity
  • Enterprise & SaaS
  • FinTech
  • Gadgets & Electronics
  • Health & Bio
  • IoT

Program

Menu
  • Asan Voyager
  • CAPA Global Program
  • SGSC Global Bootcamp
  • LAUNCHPAD
  • COMEUP STARS 120
  • K-Startup Grand Challenge
  • TIPS X beSUCCESS Global Project
  • SFL Global Program
  • KTO Global Showcase
  • Yonsei Univ Global Class
  • KOSME Global Program

About

Menu
  • About Us
  • all articles
  • Terms of Use
  • Privacy
  • Cookie-policy

Subscribe and be informed first hand about actual Korean startup news.

All the day’s headlines and highlights, direct to you every morning.

Topics

Menu
  • AI & Big Data
  • AR & VR
  • Blockchain
  • Clean Technology
  • Content & Games
  • Cybersecurity
  • Enterprise & SaaS
  • FinTech
  • Gadgets & Electronics
  • Health & Bio
  • IoT

Program

Menu
  • Asan Voyager
  • CAPA Global Program
  • SGSC Global Bootcamp
  • LAUNCHPAD
  • COMEUP STARS 120
  • K-Startup Grand Challenge
  • TIPS X beSUCCESS Global Project
  • SFL Global Program
  • KTO Global Showcase
  • Yonsei Univ Global Class
  • KOSME Global Program

About

Menu
  • About Us
  • all articles
  • Terms of Use
  • Privacy
  • Cookie-policy

Subscribe and be informed first hand about actual Korean startup news.

All the day’s headlines and highlights, direct to you every morning.

© 2023 Koreantech News & Media Korea Zrt. All rights reserved.

Our Spring Sale Has Started

You can see how this popup was set up in our step-by-step guide: https://wppopupmaker.com/guides/auto-opening-announcement-popups/

Our Spring Sale Has Started

You can see how this popup was set up in our step-by-step guide: https://wppopupmaker.com/guides/auto-opening-announcement-popups/

We hope you enjoy our content, May you please give us Feedback regarding our website!

Single Post Feedback

dgdfgfdgdf

What you think about Koreatechdesk, Share your idea with us!

feedback popup

Invitation submission has been closed

Insert/edit link

Enter the destination URL

Or link to existing content

    No search term specified. Showing recent items. Search or use up and down arrow keys to select an item.