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Korean mobile developer BiCore raises $4.5 million

CJ Venture Investment buys into business

Korean mobile developer BiCore raises $4.5 million
According to the IT Times, Korea mobile developer and tech company BiCore has raised 5 billion Won (around $4.5 million) from Korean VC CJ Venture Investment.

The company, which switched from feature phone to smartphone development in 2010, has seen strong downloads of its games on Android and iOS.

Demon Hunter has received over 4 million downloads to-date, while Jewel Battle Online and Bloomy Online's totals are over two million.

All are free-to-play titles, funded via in-ap purchases.

Another part of its business is its n-Screen engine, which enables cross-platform development for iOS, Android and PC. It's planned to extend this to Windows Phone and PlayStation consoles including PS Vita.

[source: Korean IT Times]
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A Pocket Gamer co-founder, Jon is Contributing Editor at PG.biz which means he acts like a slightly confused uncle who's forgotten where he's left his glasses. As well as letters and cameras, he likes imaginary numbers and legumes.