News

Kakao Games makes a third $16.8 million investment in esports developer Neptune

Date Type Companies involved Size
August 3rd, 2018 investment Kakao Corp $16.8m
Kakao Games makes a third $16.8 million investment in esports developer Neptune

Kakao Games has made an equity investment of $16.8m in esports developer Neptune.

As reported by Pulse, this marks the third time Kakao’s gaming subsidiary has invested in the esports developer, which raises its stake to 11 per cent.

Kakao Games is working with Neptune to release two games featuring the Kakao Friends cast of characters. The publisher has placed high expectations on Neptune’s expansion in esports and multi-channel networks.

Another round

“Esports that take up an important part of the game industry have so much growth potential,” said Kakao CEO Nam Goong-hoon

Neptune CEO Jung Wook added: “The investment would help Neptune make an additional investment and form strategic partnerships to promote the steady growth of the esports market.”

Kakao Games is currently looking to float on South Korea’s second-tier stock exchange, the Kosdaq. The publisher is likely to launch its IPO by the end of this year.


Staff Writer

Natalie Clayton is an Edinburgh-based freelance writer, game developer and public speaker. Relatively new to the scene, she's already been recognised by GamesIndustry.biz and A MAZE for contributions to games culture. Her work has regularly appeared in PCGamesN, alongside sites like RPS, Eurogamer and Polygon.

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