Korea’s Playnery Scores $3.7 Million in Funding, Aims to Make Social Gaming 3D
Korean game development studio Playnery has been growing quickly since it opened in October of last year. Already partnered up with Zynga to distribute its forthcoming first title Mother of Myth, now Playnery has secured $3.7 million in funding, led by Japan’s Softbank Ventures. Qualcomm and Stonebridge Capital also put some money into the round.
Playnery specializes, notes TheNextWeb, in 3D RPG gaming, whilst also making the titles social and playable in any recent web browser. The startup uses its own, self-developed 3D gaming engine. In this way, it’s pushing forward the current social gaming model of simplistic action that began with things like Farmville. The investment arm of Japanese telco Softbank is clearly impressed with this new vision for social and mobile gaming; SoftBank Ventures’ Seo Il-shik said today:
In the future we predict that the social and mobile market will break off from the casual gaming seen up until now, and achieve rapid growth with the diversification of genres such as MORPG, MMORPG, and FPS. When various user groups form and the market grows rapidly, we expect that Playnery will become a successful game developer through high quality games and global partnerships.
It’s not Softbank Ventures’ first foray into social gaming in the region, as it has also backed South Korea’s SundayToz, makers of the hit game Anipang.
Playnery’s first game, Mother of Myth, is due to launch next year, and is aiming for a global rollout in 12 languages, and will be playable on Zynga’s (NASDAQ:ZNGA) gaming platform, on Facebook (NASDAQ:FB), and as iOS and Android apps. Until then, there’s this interesting demo video of how the game will play:
(Video link for mobile readers)
Renren Games Puts 10 Million RMB into New Big Data/Psych Lab to Research Online ... July 10, 2013 | C. Custer
Docomo and KT Agree to Share Smartphone Content... August 31, 2011 | Rick Martin
Singapore’s Springloaded Games is going to be at PAX East... February 24, 2014 | Mary-Anne Lee
Studio HIVE: Creating Beautiful Games in Bangkok... October 9, 2012 | Vlad Micu
Free daily Games in Asia newsletter
Make sure you don't miss a story! Get the latest headlines from Games in Asia, delivered fresh to your inbox once a day.
Have tips and news? Email Us
- Where Are The Warrior Women? | The Daily Geekette on League of Legends has been the top game in Korean net cafes for 100 weeks straight
- Geo Pelayo on Would you play Kingdom Under Fire II on the PS4?
- Jentle on Games in Asia’s favorite JRPGs
- gamer on Steam finally adds the Philippine Peso to supported currencies
- Crow Westwood on These new Playstation consoles make me want to throw my money at them
- Glenn on Steam finally adds the Philippine Peso to supported currencies
- Steve William Donzelot on Would you play Kingdom Under Fire II on the PS4?
- Levine Go on These new Playstation consoles make me want to throw my money at them
- Jayson Delig Dufourt on These new Playstation consoles make me want to throw my money at them
- Zennock on The Sims 4 review: a return to its roots