Xavier Kong · · 1 min readKorean metaverse firm clinches $12m in ongoing series B
South Korean metaverse company Anipen secured investments totaling 16 billion Korean won (US$12 million) in its ongoing series B funding round, Forkast reported. Investors include Medici Investment, Ulmus Investment, and the Korea Development Bank.
Founded in 2013, Anipen is best known for its AnibeaR mobile app, which lets users create augmented reality videos using popular animated characters.
The firm, which plans to list on Korean trading board Kosdaq next year, will use the funds to expand its metaverse content services and strengthen its partnerships with companies worldwide.
Anipen saw investments worth over 13.5 billion Korean won (US$10.2 million) last year. The company plans to close its current funding round once it reaches its target of 20 billion won (US$15.2 million).
See also: Behind the metaverse real estate rush
Currency converted from Korean won to US dollar: US$1 = 1,312.86 Korean won
Editing by Miguel Cordon and Joy Tirkey
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