Albus, a hyper-casual game developer, has secured a 500 million KRW seed investment from Kakao Ventures to accelerate its growth and expand its offerings in the gaming market.
Information on the Target
Albus, a hyper-casual game development company led by CEO Byung-Joo Son, has successfully secured seed investment worth 500 million KRW from Kakao Ventures. The firm is adept at developing sustainable growth models amidst the changing gaming ecosystem, which was a key factor in attracting this investment. Albus focuses on creating engaging hyper-casual games that are accessible to a broad audience of mobile gamers worldwide.
The company has garnered attention for its popular titles such as WaterPark Boys and Awesome Park: Idle Game. WaterPark Boys, released in mid-June, achieved over one million downloads within just two weeks of launch. This game emphasizes the enjoyable experience of building and expanding a personalized water park, allowing players to engage indirectly in management and expansion through various themes.
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Industry Overview in Korea
In recent years, the South Korean gaming industry has witnessed a significant boom, driven by the rise of mobile gaming and the growing demand for casual gaming
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Transaction Size: $0M