S.Korea’s Copin Communications Bags Additional $43M From Npx Capital
01/20/22, 3:17 PM
Location
Money raised
$43 million
Global investment firm NPX Capital has invested an additional amount of $43 million in Seoul-based Copin Communications, doubling down its support for the webtoon maker on the back of new technologies available to enjoy art.
Company Info
Location
seoul, seoul, south korea
Additional Info
The investment firm jointly invested $20.5 million in TopCo with Kiwoom Securities in September 2021. Copin Communications, a digital content developer with specialties in character design, emoji, and animation productions, besides webtoon, will use the fresh capital to improve its product base and expand operations in Europe, Japan, South America, and Southeast Asia.“The market for digital content is entering a new and different chapter due to the development of innovative technologies as with VR, AR and metaverse. Copin Communications will be committed to providing services in tune with the current trends to meet the changing consumer demands and expanding the arsenal of digital content production,” Young Hak You, Copin Communications CEO, said in a statement.