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Kakao Investment company logo
Corporate Venture
kvgcorp.com

Investments

39

Portfolio Exits

2

About Kakao Investment

Kakao Investment, a subsidiary of Kakao, specializes in venture capital investments with a focus on areas including mobile commerce, O2O, Fintech, IoT, and BoT. It was formerly known as K Venture Group.

Headquarters Location

H-Square S-3F 231 Pangyoyuk-ro, Bundang-gu, Seongnam-si

Gyeonggi-do,

South Korea

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Latest Kakao Investment News

NPCx Secures Seed Round Led By Kakao Investment

Aug 30, 2023

News Provided By Share This Article NPCx logo The gaming tech startup, focused on improving NPCs, will use the investment to create more realistic character movements with their AI-powered products. ST. PETERSBURG, FLORIDA, UNITED STATES, August 30, 2023/ EINPresswire.com / -- NPCx , a pioneering startup using AI to revolutionize the creation and animation of non-player characters (NPCs), today announced that it has secured the lead investor in the company’s $3M seed round investment. Kakao Investment Co Ltd’s funding strengthens NPCx’s position in the gaming and entertainment industry. In March 2023, NPCx launched its flagship product, TrackerX, a state-of-the-art motion capture processing tool. TrackerX disrupts the costly manual process of tracking the raw 3D point cloud data, by allowing for any type of optical or sensor-based motion capture system files to be put straight onto the TrackerX character skeleton. "TrackerX disrupts this costly manual process that’s been around for nearly thirty years by cleaning raw motion capture with AI and proprietary biomechanical models, saving companies thousands of labor hours and significant financial resources per project," said Cameron Madani, CEO of NPCx. The seed round funding will fuel the development of NPCx's future-focused product, BehaviorX. This unique technology enhances gaming experiences by capturing and employing real-time data from players to create lifelike behavioral clones in NPCs. Additionally, as part of the company’s trajectory, NPCx will launch two new products: RetargetX and AIMX. These products will use neural networks to retarget motion capture animation and predict the next animation frame, resulting in smoother, more realistic character movements. Before securing this investment from Kakao, NPCx successfully raised over $540,000 on the crowdfunding platform Republic. This achievement attests to NPCx's potential and the public's interest in the application of AI in gaming. "We are honored to have Kakao lead our seed round. As a prominent startup investor in Asia, securing Kakao’s investment during these challenging times in the capital markets is a tremendous vote of confidence in our team, technology, and product roadmap. This partnership marks a significant milestone for NPCx and will greatly expedite the development of our AI-powered products that will revolutionize the industry." said Madani. About NPCx NPCx is an innovative startup dedicated to transforming the gaming and entertainment industry, including film, XR and the metaverse, by utilizing artificial intelligence to create more lifelike non-player characters (NPCs). NPCx's suite of products, including TrackerX, RetargetX, AIMX and BehaviorX, are set to disrupt traditional character creation and animation processes, offering more realistic and engaging experiences for users. Press Contact:

Kakao Investment Investments

39 Investments

Kakao Investment has made 39 investments. Their latest investment was in Bobobox as part of their Series B on September 9, 2023.

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Kakao Investment Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

9/18/2023

Series B

Bobobox

$8.32M

Yes

1

8/29/2023

Seed VC

NPCx

$3M

Yes

1

5/25/2023

Seed VC

GoodGang Labs

$2M

Yes

3

1/18/2023

Series C - II

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$99M

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10

12/1/2022

Seed VC

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10

Date

9/18/2023

8/29/2023

5/25/2023

1/18/2023

12/1/2022

Round

Series B

Seed VC

Seed VC

Series C - II

Seed VC

Company

Bobobox

NPCx

GoodGang Labs

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Amount

$8.32M

$3M

$2M

$99M

New?

Yes

Yes

Yes

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Co-Investors

Sources

1

1

3

10

10

Kakao Investment Portfolio Exits

2 Portfolio Exits

Kakao Investment has 2 portfolio exits. Their latest portfolio exit was Kasa on March 15, 2023.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

3/15/2023

Corporate Majority

$99M

1

8/24/2022

Acquired

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$99M

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10

Date

3/15/2023

8/24/2022

Exit

Corporate Majority

Acquired

Companies

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Valuation

$99M

$99M

Acquirer

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Sources

1

10

Kakao Investment Acquisitions

2 Acquisitions

Kakao Investment acquired 2 companies. Their latest acquisition was STAGE FIVE on January 01, 2017.

Date

Investment Stage

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Total Funding

Note

Sources

1/1/2017

Other

$99M

$40.5M

Acq - Fin

2

8/4/2015

Other

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$99M

$99M

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10

Date

1/1/2017

8/4/2015

Investment Stage

Other

Other

Companies

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Valuation

$99M

$99M

Total Funding

$40.5M

$99M

Note

Acq - Fin

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Sources

2

10

Kakao Investment Team

1 Team Member

Kakao Investment has 1 team member, including current Chief Executive Officer, Scott Kwon Ki-oh.

Name

Work History

Title

Status

Scott Kwon Ki-oh

Chief Executive Officer

Current

Name

Scott Kwon Ki-oh

Work History

Title

Chief Executive Officer

Status

Current

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