Predict your next investment

Venture Capital
thirdwavedigital.vc

See what CB Insights has to offer

Investments

6

About Third Wave Digital

Third Wave Digital, founded by Allen DeBevoise, provides start-up capital to early-stage media and technology entrepreneurs addressing opportunities in digital media distribution, programming and technology.

Third Wave Digital Headquarter Location

Los Angeles, California,

United States

Predict your next investment

The CB Insights tech market intelligence platform analyzes millions of data points on venture capital, startups, patents , partnerships and news mentions to help you see tomorrow's opportunities, today.

Latest Third Wave Digital News

CvCapital Advises Skybound Entertainment on Its New Funding Round By Com2uS, C Ventures and Third Wave Digital

Feb 3, 2020

CVCapital is pleased to announce their role as the exclusive financial advisor to multiplatform content company Skybound Entertainment, home of franchises including The Walking Dead, Invincible, and Super Dinosaur, on its new funding round led by Com2uS, and first follow-on tranche by C Ventures and Third Wave Digital. Com2uS, a South Korean mobile and online game development and publishing company, became a minority investor in Skybound and will partner with the company for a future The Walking Dead mobile game. C Ventures and Third Wave Digital will support Skybound’s global expansion. “Com2uS’ expertise in mobile free-to-play games make them an ideal production partner,” said Skybound Chairman Robert Kirkman, CEO David Alpert and Managing Partner Jon Goldman in a joint statement. “With tremendous support from C Ventures, Third Wave Digital, and Com2uS, we’re excited to work together to reach super fans in Asia and around the world with our existing and brand-new IPs.” Skybound’s strategic partnership with their new investors will strengthen the companies’ capabilities to expand and develop IP in new platforms and locations around the world, a venture Skybound will continue to pursue globally. “This collaboration with Skybound will be a good opportunity for Com2uS to expand its influence in the global market and create synergy between the two companies,” said Com2uS CEO Byung Joon Song. “We will continue to work together to create a product that people around the world can enjoy.” “C Ventures’ holistic ecosystem and global network will fuel Skybound’s continuous growth,” said Co-Founding Partners of C Ventures Adrian Cheng and Clive Ng in a joint statement. “Skybound’s most notable IP The Walking Dead has a large fanbase globally. We’re pleased to be supporting Skybound to move forward with more exciting creator-owned works and continuing our work and investment with the fast growing Skybound.” “The partners at Skybound understand how to leverage expertise, passion, and relationships to build stories that allure and engage their audience, which is why the company is of interest to Third Wave Digital,” said Third Wave Managing Director Allen DeBevoise. “We’re excited to see what is next from Skybound on the global scale.” “CVCapital is excited to see the collaborations that come out of the pan-Pacific partnership between Skybound, Com2uS, C Ventures and Third Wave Digital. The funding round will further accelerate Skybound’s reach in bringing their stories and worlds to audiences globally,” said CVCapital Managing Director Jim Ying . “We’re glad we were able to play a role in bringing these leading companies together from the US and Asia.” In 2017, Skybound and Com2uS announced a partnership to franchise Com2uS’ billion-dollar mobile RPG Summoners War, being led out of Skybound’s Vancouver-based sister company Skybound North and Wind Sun Sky. The companies are currently developing an animated television series based on the popular game, with Chris Wyatt and Kevin Burke (Super Dinosaur) attached to write and produce. In 2019 Summoners War: Friends & Rivals, a short film teasing the characters and animation style for the upcoming series, debuted on YouTube and has gained millions of views. Summoners War is in early development for additional projects across Skybound’s entertainment capabilities as well. Accustomed to connecting creators and their content to new platforms and audiences, Skybound has seen success in franchising IP through the past ten years. Skybound is responsible for turning Robert Kirkman’s comic book series The Walking Dead into a multi-billion-dollar franchise through a television adaptation, two spinoff series on air with another premiering in 2020, numerous video games and merchandise, novels, and a movie currently in production. Kirkman’s comic book series Invincible is also in production for an animated television adaptation with Amazon and in development for a live-action film adaptation at Universal. King & Spalding served as legal counsel to Skybound.

Third Wave Digital Investments

6 Investments

Third Wave Digital has made 6 investments. Their latest investment was in Skybound Entertainment as part of their Series A on February 2, 2020.

CBI Logo

Third Wave Digital Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

2/3/2020

Series A

Skybound Entertainment

Yes

3

3/25/2019

Convertible Note

Subscribe to see more

$99M

Subscribe to see more

10

1/31/2017

Series A

Subscribe to see more

$99M

Subscribe to see more

10

12/12/2016

Seed VC

Subscribe to see more

$99M

Subscribe to see more

10

9/12/2016

Series A

Subscribe to see more

$99M

Subscribe to see more

10

Date

2/3/2020

3/25/2019

1/31/2017

12/12/2016

9/12/2016

Round

Series A

Convertible Note

Series A

Seed VC

Series A

Company

Skybound Entertainment

Subscribe to see more

Subscribe to see more

Subscribe to see more

Subscribe to see more

Amount

$99M

$99M

$99M

$99M

New?

Yes

Subscribe to see more

Subscribe to see more

Subscribe to see more

Subscribe to see more

Co-Investors

Sources

3

10

10

10

10

CB Insights uses Cookies

CBI websites generally use certain cookies to enable better interactions with our sites and services. Use of these cookies, which may be stored on your device, permits us to improve and customize your experience. You can read more about your cookie choices at our privacy policy here. By continuing to use this site you are consenting to these choices.