Hybe Interactive Media, which is the South Korean entertainment giant behind the popular boy band BTS, has raised $80 million in a strategic investment which will fuel their expansion of games publishing operations.
The round of funding was led by Makers Fund, with other participants including IMM Investment and Hybe as well, and will be utilized to expand its publishing and development capabilities as it looks to continue their success.
“This substantial investment marks a significant turning point for HYBE IM in strengthening our competitiveness within the global games industry,” HYBE IM President Wooyong Chung stated in an official announcement.
“With the support of Makers Fund, IMM Investment, and HYBE, we will strive for sustainable growth and innovation, solidifying our position as a full-service game company.”
Hybe has already released two mobile titles, such as rhythm action game Rhythm Hive and match-three title BTS Island: In the SEOM, and is currently set to publish the new fantasy character collection game called Oz Re:write by Macovill and RPG Astra: Knights of Veda by Flint.
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