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Web3 Gaming Platform, Intella X Developed By Neowiz, Raises $12M In Anticipation Of Its Upcoming Launch On Polygon

Jan 18, 2023over 2 years ago

Amount Raised

$12 Million

South KoreaVideo GamesGamingInternet

Investors

WemixXl GamesPearl AbyssJoy CityCrit VenturesGlobal Coin ResearchBig Brain HoldingsPlanetariumMagic EdenAnimoca BrandsPolygonNeowiz

Description

One of South Korea's leading game giants, NEOWIZ, has announced that it has successfully raised $12M in private funding for its Web3 gaming platform, Intella X, in anticipation of its upcoming launch on Polygon.

Company Information

Company

NEOWIZ

Location

South Korea

About

Established in 1997, NEOWIZ (KOSDAQ:095660) is a considered pioneer and one of the leading game companies in Korea. The company has successfully published a wide variety of PC and mobile games through https://www.pmang.com/ since 2003 and has also co-developed and launched wildly successful titles such as FIFA online, Brave Nine, DJMAX Respect, Skul: The Hero Slayer, Cats & Soup, and highly anticipated, three-time Gamescom award-winning title, Lies of P.

Funding Insights

Based on industry data
VC-backed spending patterns
VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech

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