[Financial News] Stone Bridge Ventures, SV Investments, Base Investments, Switzerland, parent company 111% invested in Rich Alien.
According to the investment banking industry on Wednesday, 111 percent of Stone Bridge Ventures, SV Investments, Base Investments, Switzerland and its parent company participated in Rich Alien's seed round investment worth 11.5 billion won. 111 percent invested 2 billion won.
Through this, Rich Alien plans to aggressively develop its business to target the global market with high-quality mid-core casual games based on popular IP.
Starting with this investment, Rich Alien plans to launch the urban management simulation game "Kaiji: City of Furious" based on the IP of Japan's famous cartoon "Gambling Look Kaiji" globally, starting in Japan in the second half of this year.
"Cascade Kings," a three-matching puzzle game, will also be released globally starting in North America within this year. Cascade Kings is a social game in which users compete by raiding, looting, and defending their villages with goods acquired through three matches.
Rich Alien was founded back in 2021 as a 111 percent subsidiary. It was established to focus on creating immersive mobile games, from casual, globally oriented social games to popular animation and webtoon IP-based mid-core games.
Director Choi Sung-wook, who joined Rich Alien as 111 percent business strategy director, is the representative of Rich Alien. He is in charge of Rich Alien based on his business achievements and experience, such as serving as the team leader of the game business team at Kakao and business general and external cooperation at Line Games.
CEO Choi said, "Rich Alien will strive to secure an unrivaled position in the IP-based mid-core casual game genre through strategic collaboration between famous IPs at home and abroad, while fostering its own IP with casual games suitable for global market," adding, "Through this investment, we will not only successfully settle the market of the two games scheduled to be released this year, but also secure new IPs to target more aggressive markets in earnest."
Song Young-don, director of Stone Bridge Ventures, said, "Rich Alien is a game developer that targets the global market with proven game elements, IP, and AI technology that can reduce costs. CEO Choi Sung-wook and 111 percent who have success experience in the game industry have an organization and operation structure that can quickly develop mid-core games. We look forward to establishing ourselves as a global game company with a number of high-quality mid-core games."
Jung Ju-wan, director of SV Investment, said, "We already have super-gap business capabilities and team buildings, including 111 percent of the parent company's global business capabilities and C-levels with more than 20 years of experience based on infrastructure, and we highly appreciated our global strategy."
Reporter Kang Gu-gui