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Corporation
MOBILE & TELECOMMUNICATIONS | Mobile Software & Services / Gaming
nextfloor.com

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Stage

Merger | Merged

Total Raised

$8.87M

About NextFloor

NextFloor (넥스트플로어) is a game development studio whose titles include Dragon Flight, Destiny Child, Crystal Hearts, Friends Run, Knights of Clan, Elbrisa, Spirit Catcher, and World of Tactics.

NextFloor Headquarter Location

Posco SS&CC Tower, 8F 479 Gangnam-daero, Seocho-gu

Seoul, 06541,

South Korea

+82 1661 4467

Latest NextFloor News

Chat app Line’s games business raises $110M for growth opportunities

Oct 31, 2018

Messaging app firm Line has given up majority control of its Line Games business and raised outside financing as it seeks to expand its collection of games titles and look at global expansion options. The Line Games business was formed earlier this year when Line merged its existing gaming division from NextFloor , the Korea-based game publisher that it acquired in 2017. Now the business has taken on capital from Anchor Equity Partners, which has provided 125 billion KRW ($110 million) in financing via its Lungo Entertainment entity,  according to a disclosure from Line . A Line spokesperson clarified that the deal will see Anchor acquire 144,743 shares to take a 27.55 percent stake in Line Games. It looks like those are from existing investors since Line Corp confirmed that its own shareholding will be reduced from 57.6 percent to a minority 41.73 percent stake. Korea-based Anchor is best known for a number of deals in its homeland including investments in e-commerce giant Ticket Monster, Korean chat giant Kakao’s Podotree content business and fashion retail group E-Land. Line operates its eponymous chat app which is the most popular messaging platform in Japan, Thailand and Taiwan, and also significantly used in Indonesia, but gaming is a major source of income. This year to date, Line has made 28.5 billion JPY ($250 million) from its content division , which is primarily virtual goods and in-app purchases from its social games. That division accounts for 19 percent of Line’s total revenue, and it is a figure that is only better by its advertising unit, which has grossed 79.3 billion JPY, or $700 million, in 2018 to date. The games business is currently focused on Japan, Korea, Thailand and Taiwan, but it said that the new capital will go towards finding new IP for future titles and identifying games with global potential. It is also open to more strategic deals to broaden its focus. While Line has always been big on games, Line Games isn’t just building for its own service. The company said earlier this year that it plans to focus on non-mobile platforms, which will include the Nintendo Switch among others consoles. That comes from the addition of NextFloor, which is best known for titles like Dragon Flight and Destiny Child. Dragon Flight has racked up 14 million users since its 2012 launch, at its peak it saw $1 million in daily revenue. Destiny Child, a newer release in 2016, topped the charts in Korea and has been popular in Japan, North America and beyond.

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Expert Collections containing NextFloor

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

NextFloor is included in 1 Expert Collection, including Gaming.

G

Gaming

4,656 items

Gaming companies are defined as those developing technologies for the PC, console, mobile, and/or AR/VR video gaming market.

NextFloor Patents

NextFloor has filed 3 patents.

The 3 most popular patent topics include:

  • Drumming video games
  • Flame retardants
  • IOS games
patents chart

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10/29/2015

Video game content ratings systems, Regionless game consoles, Video game publishers, Video game development, Video game culture

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Video game content ratings systems, Regionless game consoles, Video game publishers, Video game development, Video game culture

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