🇰🇷 webtoon producer nets $43m from NPX Capital

Copin Communications, a South Korea-headquartered webtoon developer, has raised US$43 million from global investment firm NPX Capital through its private equity arm, NPX Private Equity.

Photo credit: Copin Communications

Founded in 2017, Copin Communications specializes in character design, as well as emoji, webtoon, and animation productions.

It will use the funding to diversify its digital content production capabilities and support its business expansion in Europe, Japan, South America, and Southeast Asia. The company also has plans to acquire and invest in drama production companies and gaming firms in its home country and abroad.

South Korean webtoons have been getting more attention from global audiences, shared Samuel Hwang, founder and CEO of NPX Capital. “This is not a temporary hype but a trend that reflects the Korean content’s potential and capabilities that can appeal to the world’s consumers continuously,” he said.

This is NPX Capital’s second investment in Copin Communications, after it previously pumped in US$13 million into the digital content player.

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