Korean social game developer Playnery has raised US$2.8 million in Series B financing, led by Japanese investment firm JAFCO Asia. The company secured US$3.8 million in Series A funding earlier from Softbank Ventures, Qualcomm Ventures and Stonebridge Capital.
“Playnery has a strong team of industry veterans who had previously worked on PC online games and successfully serviced them in the global market,” said JAFCO Associate Director Kenny Nam. “We were impressed with their in-house game engine technology, which we believe will soon take the quality of mobile games to the next level.”
Founded in 2011 and with offices in Korea and the US, Playnery is currently developing the studio’s first title, the action RPG Mother of Myth, slated for release on mobile devices in Korea, Japan, Taiwan and China next year.
“We feel very fortunate to have a great group of investors and a publishing partner who believe in our vision and our ability to bring an advanced core gaming experience across many platforms,” said Playnery CEO Henry Park. “The latest financing will be used to accelerate our game development and to publish our first title Mother of Myth in 2014.”
