Written by 11:13 AM Tech

NCsoft makes initial investment in the Northern European game development company ‘Moonfrog Games’.

Announcement of ‘Investment in Domestic Developer and Joint Business with Global Partners, Purple Platform Business Plan’ in mid-August, ‘NCSOFT (Co-CEOs Kim Taek-jin, Park Byung-moo) has made an initial (Seed Round) investment in the Sweden-based emerging game developer Moon Rover Games. The total investment amount is $3.5 million (approximately 48 billion KRW).’,
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, “Moon Rover Games is a game development studio established in Stockholm, Sweden in 2022. The founding members are shooting game veterans from EA DICE, who have been involved in the creation of globally successful FPS games such as ‘Battlefield,’ ‘Far Cry,’ and ‘Tom Clancy’s The Division.’ They are currently developing a new cooperative FPS game ‘Project Aldous’ for PC and console platforms.”,
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, ‘NCSOFT participated in Moon Rover Games’ Seed Round investment exclusively, providing the necessary funds for the development of Project Aldous and planning to foster growth together with Moon Rover Games from the early stages.’,
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, ‘Furthermore, starting with this investment, NCSOFT and Moon Rover Games will establish a long-term partnership and pursue strategic collaborations. They are currently discussing various cooperative measures such as additional investments and publishing rights according to the progress of the project.’,
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, ‘NCSOFT is focusing on investments in domestic and international companies that can contribute to expanding the game portfolio and global market. They plan to continue investing in various areas considering regions, genres, and platform expansions to secure new growth momentum. They are also continuously evaluating M&A opportunities to enhance the company’s growth and profitability.’,
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, ‘Park Byung-moo, Co-CEO of NCSOFT, stated, “NCSOFT actively seeks companies with genre expertise and creative capabilities for creating new market opportunities. The first investment target, Moon Rover Games, is a company with high potential that continues to explore new possibilities based on its expertise in the shooting game genre.”‘,
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, ‘He further emphasized, “Project Aldous is expected to complement NCSOFT’s projects in terms of genre and region, contributing to the establishment of global development clusters and expansion into the global market.”‘,
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, ‘Co-CEO Park Byung-moo mentioned, “The investment in Moon Rover Games marks the beginning of the changes that NCSOFT will demonstrate in the future.” He also revealed plans to sequentially announce investments in stakes and rights for domestic development studios, joint ventures for expansion into Southeast Asia, and securing growth momentum for Purple as a platform. He also stressed that maintaining the competitiveness of existing IPs and ensuring smooth launches of new games will be continuously pursued.’,
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, ‘Julien Wera, CEO of Moon Rover Games, commented, “This investment is a very important momentum for Moon Rover Games. By combining NCSOFT’s online game development and operating know-how with our experience and vision, we will provide new gaming experiences.”‘,
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