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YJM Games becomes first South Korea developer to invest in Venture Reality Fund

Date Type Companies involved Size
January 20th, 2017 investment Venture Reality Fund
YJM Entertainment
Not disclosed
YJM Games becomes first South Korea developer to invest in Venture Reality Fund

South Korea-based mobile games developer YJM Games has contributed an undisclosed sum to the Venture Reality Fund.

The studio plans to grow into the AR and VR markets over the coming years and is the first company in South Korea to contribute to the global fund.

YJM also plans on making further investments in AR, VR and MR throughout the coming years. It currently operates a handful of Korean RPG titles on mobile including Once Heroes and Heroes of Tomorrow.

A very important role

"They are our first investor and partner in South Korea and have great pedigree and presence in the country, which should play a very important role in VR/AR markets, as it did for the mobile ecosystem," said Marco DeMiroz, general partner at The VR Fund.

"In terms of the VR and AR market size, we believe that it is a good opportunity to communicate innovative VR and AR content through the alliance with YJM Games in major Asian markets, while also promoting Asian VR and AR content to the global market."

[Source: VentureBeat]


Staff Writer

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