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Terapin Studios, a US-headquartered digital content producer, has acquired Toomics, one of South Korea’s top 5 webtoon platforms, after raising $93 million from Affirma Capital and NPX Private Equity. According to the announcement, Affirma Capital invested $38 million in Terapin Studios as part of a $93 million co-investment made with NPX Private Equity, a Korea-based […]
LottieFiles, a motion graphics platform for designers and developers, announced raising $37 million in a Series B funding round led by Australian venture capital investor Square Peg Capital. The funding round was also backed by XYZ Venture Capital, GreatPoint Ventures, and existing investors 500 Startups and M12, the venture fund of Microsoft Corp. LottieFiles said […]
ASX-listed international gaming company iCandy Interactive Limited announced its acquisition of one of the leading Southeast Asian gaming studios, Lemon Sky Studios. The acquisition cements both companies as “a force to be reckoned with” as the largest indie video gaming company in Southeast Asia, Australia, and New Zealand. This acquisition is valued at A$44.5 million […]
A Beijing-based startup Kuaikan World Technology has raised US$240 million in fresh funding round to enter the Unicorn category. This has been the largest fundraising deal in China’s comic industry. China’s animation and gaming industry continues to innovate and bring about changes in business and profit models. With the increasing penetration of the internet, the […]
Visinema, an entertainment and IP development company based in Indonesia, is set to build its capacity in animation production after raising $3.25 million.