Webzen Makes 30 Billion Won Strategic Investment in Hound13
Summary
Webzen invested 30 billion won in Hound13 and secured a 25.64% equity stake along with priority publishing negotiation rights for the studio's upcoming title. Hound13 is staffed by core creators from Dragon Nest and released the mobile action RPG Hundred Soul in 2019. The studio is developing Project D, an Unreal Engine 5–based action RPG with stylized animation, open-world exploration including underwater areas, and has filed a trademark related to Dragon Sword for the game's service. The deal positions Webzen to potentially publish and commercially support Project D as it moves toward release.
Funding
Amount
$23.1M
Total raised
Date
January 4, 2024
Announcement date
Investors
-
Lead investors
Company
hound13.com
Funded company
Classifications
industries
Entertainment
applications
EduTech - learning
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