ONE Store secures 10-million-dollar investment from Digital Turbine
Summary
- Global mobile growth leader Digital Turbine invests in ONE Store, acknowledging its potential for global expansion beyond the Korean market.- Both companies will concentrate their collaborative efforts on advancing ONE Stores penetration into international markets and enhancing its app store business.SEOUL, South Korea, Feb. 6, 2024 /PRNewswire/ -- Korean app market ONE Store ( ), a provider of mobile content including games, apps, and multimedia content, announced that it has secured an investment of ten million dollars from Digital Turbine (NASDAQ: APPS), the global leader in growth solutions for the mobile ecosystem, bringing Digital Turbines innovative SingleTap\xae technology to over 40+ million ONE Store users in South Korea, and joining forces in bringing ONE Stores app marketplace to key markets overseas.Digital Turbine is a global leader in mobile growth solutions. The companies plan to grow the app market platform into a highly competitive alternative app store that unlocks new growth opportunities for more app and game developers across more devices worldwide.The investment from Digital Turbine further validates ONE Stores potential, following a 15-million-dollar investment from Microsoft and Deutsche Telekom Capital Partners in 2021, and an investment of 20 billion Korean won from Krafton, a leading game developer in Korea, last October. ""Were excited to partner with ONE Store, trailblazers in alternative app markets reaching tens of millions of users," said Bill Stone, CEO of Digital Turbine. "This partnership will bring DTs unique technology to tens of millions of users and hundreds of app developers in Korea. We look forward to building on our partnership with ONE Store in Korea into other parts of the world such as the EU with the pending implementation of the Digital Markets Act next month."