soon Raised $80 million,South Korea Hybe im $21 million has been raised to enhance its growth in knowledge-based games.
Previous investor INM investment contributed 15 billion euros (about $10 million) in follow-up capital, while Shinhan Venture Investment and Daesung Private Equity also joined new investors.
The Seoul-based company, South Korea, said the investment round reflects strong market confidence in Hybe IM’s global publishing and service capabilities, and the company’s potential to expand its gaming business using Hybe’s K-Pop Artist IPS. Hybe Im’s first massive MMORPG architect investor expects: Exile and Arkheron’s land play a key role in driving transactions.
In August 2024, the company signed a $80 million strategic investment agreement, proving its competitiveness in the global gaming market. Including the latest round, Hybe Im has now raised about $100 million in cumulative totals). Through this additional investment, Hybe IM plans to further enhance its issuance capabilities and accelerate the execution of its long-term growth strategy. The company also works to ensure that its key titles can succeed in the market, supported by previous investments and release agreements.
The newly raised funds will be allocated primarily to marketing, operations and localization strategies to support successful releases and stable on-site services.
“This additional funding marks a critical moment in Hybe IM’s global competitiveness in game publishing and development. Our goal is to go beyond IP-based games and become the next generation of publishers to deliver compelling content to gamers around the world,” said Wooyong Chung, president of Hybe IM.
Astra: Vedic Knight (2024, PC and Mobile) [Images]
Developed by FLINT and published by HYBE IM, Astra: Knights of Veda is a story-rich 2D RPG which reached over one million pre-registrations in less than a week when pre-registration opened in March 2024. The game launched in April 2024 on PC and mobile, giving players a fresh take on classic beat ’em up and side-scrolling combat and gained a lot of attention due to its striking visual style.
The launch of the lead also works with Hebbe’s artists, including Hoshi and Seungkwan of Seventeen, Lee Nagyung of recording OSTS and Fromis_9, transforming it into goddess Veda herself Dramatic trailer.
The company has about 300 people, and the first game was Rhythm Hive, launched in February 2021.
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