Kakao Games invests $20m in US game developer Frost Giant Studios


The corporate logo of South Korean game developer Kakao Games Corp.  (Kakao Games Corp.)

The company emblem of South Korean sport developer Kakao Video games Corp. (Kakao Video games Corp.)

South Korean sport developer Kakao Video games Corp. mentioned Wednesday it has invested $20 million in US-based impartial sport developer Frost Big Studios according to its efforts to extend its international profile.

The sport affiliate below Kakao Corp., which operates South Korea’s most-used cellular messenger KakaoTalk, mentioned it made the funding by means of its European company, Kakao Video games Europe BV

The funding is a part of $25 million in a Collection A funding spherical participated in by different buyers, equivalent to Bitkraft Ventures, International Founders Capital and Riot Video games.

Frost Big Studios, based in 2020 by business leaders Tim Morten and Tim Campbell, is at the moment creating its first real-time technique (RTS) sport, which is anticipated to be launched later this 12 months.

“Frost Big Studio has already confirmed that it has robust growth capabilities (as its builders have created) beloved RTS hits within the international market previously,” Kakao Video games CEO Cho Kye-hyun mentioned in a press launch, including the corporate seems ahead to actively working collectively to showcase good creations by means of an in depth partnership.

Morten beforehand labored as a manufacturing director for Blizzard Leisure’s “StarCraft 2” and Campbell labored as a lead marketing campaign designer for “Warcraft 3.” (Yonhap)





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