IZ Entertainment raises 20 billion won from Kakao Games, Krafton
The Series A strategic round brings IZ Entertainment's cumulative funding to 36 billion won as it prepares an open beta in Japan next month.
IZ Entertainment, led by CEO Namkoong Hoon, has completed a Series A strategic investment round worth 20 billion won, with Kakao Games and Krafton each contributing 10 billion won, according to techm.kr. The company's cumulative funding now stands at 36 billion won.
IZ Entertainment said the new funds will go toward hiring staff and building server infrastructure ahead of its service launch. The company plans to begin an open beta service in Japan next month.
The studio is known for its chatbot game 'Geomkiugi', which has drawn 1.53 million cumulative users and 300,000 daily active users without separate marketing.
Earlier funding
In 2024, IZ Entertainment raised a cumulative 16 billion won in seed investment.
Quick answers
How much did Kakao Games and Krafton each invest in IZ Entertainment?
Kakao Games and Krafton each invested 10 billion won, for a total of 20 billion won.
When does IZ Entertainment's open beta start?
The company plans to begin an open beta service starting in Japan next month.
How many users does Geomkiugi have?
The chatbot game has recorded 1.53 million cumulative users and 300,000 daily active users without separate marketing.