Wemade Play, which recently invested 6 billion won in an IT specialized fund, introduced major investment cases made this year to secure new technologies and coexist with ventures.
According to Wemade Play, the company is strengthening cooperation with IT-based digital content companies by investing 3 billion won in a specialized fund with a total amount of 18.5 billion won in the second quarter together with management company Future Play. The fund, which invests in early-stage venture companies, invested in the fields of webtoon platforms, real-time facial expression recognition solutions, metaverse-based content production studios, and AI video solutions.
In addition, in the third quarter, it invested 5 billion won in a specialized fund managed by Union Investment Partners worth 14.7 billion won, expanding its investment to the game, metaverse, and e-commerce sectors.
It is known that through such active fund participation and investment, Wemade Play is focusing on strengthening its collaboration network with venture companies along with the cause of joint growth in the IT industry. Company officials said that they are looking forward to organic combinations such as cooperation that will combine the technology and know-how of both companies, as well as entry into Wemix Play with Wemade Play and joint use of utility coins in games being prepared.
Lee Ho-dae, CEO of Wemade Play, said, “We are confident that the Anipang Fund, which we invested in to support venture companies, has secured a variety of resources as profits are expected to be about four times higher. We will continue to support venture companies for coexistence.” He said.
Source: Pangyo Techno Valley Official Newsroom
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