# Nine Corporation

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/nine

- Industry: Software
- Headquarters: Seoul, South Korea
- Website: http://www.planetariumhq.com
- Total disclosed funding: $34M
- Latest round: Series A (Jul 7, 2022)
- Investors on record: 13

## About

Based in South Korea, Nine Corporation is a gaming platform developer that aims to transform the gaming industry by utilizing innovative peer-to-peer networks for enhanced user engagement and optimized revenue models.Founded in 2018 in Seoul, South Korea, Nine Corporation specializes in developing an open-source gaming platform. The company has executed a total of 4 deals, with its most recent deal occurring on July 7, 2022, when it raised KRW 41.5 billion in Series A funding from investors including WeMade Entertainment Co., Ltd., Samsung NEXT Ventures, Krust Universe, and Animoca Brands Corporation Limited. The current CEO, Oliver Tong, leads the company while Yujeong Nam is noted as the founder.Nine Corporation's primary offering is its open-source gaming platform designed to revolutionize the gaming industry's profit model and longevity through the use of peer-to-peer (P2P) networks. This platform enhances user experience by allowing games to run indefinitely without separate transaction processing fees, thereby focusing on gameplay rather than additional costs. The Planetarium engine, developed on a .NET framework, facilitates the creation of complex interactive gameplay within a single Unity project, making it more accessible for developers. This engine addresses the limitations faced by game developers regarding existing smart contracts, thus fostering a more robust and creative gaming ecosystem. The platform is aimed at game developers and studios around the globe, particularly in North America and Europe, where interactive and community-driven gaming is trending.For the most recent year, Nine Corporation reported revenue of KRW 2,278,254 in 2017, with an EBITDA of KRW 488,859.5, primarily driven through partnerships and collaborations with game developers and studios. The platform enables developers to create free-to-play games, minimizing dependence on traditional in-app purchase models and allowing monetization through community engagement and direct-to-consumer sales strategies.Following its Series A funding round on July 7, 2022, Nine Corporation plans to utilize the funds raised to further develop its platform and expand into new markets. Upcoming product releases and innovation in the gaming space are anticipated. The company is targeting further expansion in markets across Asia and Europe, aiming to strengthen its foothold in regions where interactive gaming is rapidly evolving.

## Funding rounds

- Series A, Jul 7, 2022, $32M — WeMade Co., Ltd., Samsung NEXT Ventures, Animoca Brands, Krust Universe
- Series A, Jan 6, 2021, $1.9M — Block Crafters Capital, Honest Ventures, Naver D2 Startup Factory, We Venture Partners, Accentia Financial
- Seed, Jan 24, 2019 — KDB Capital, FuturePlay, Bass Ventures
- Seed, Nov 1, 2018 — FuturePlay, Korea Tech Incubator for Startup

## Investors

- FuturePlay (https://capitalatlas.ai/funds/futureplay) — Seed
- Korea Tech Incubator for Startup — Seed
- KDB Capital (https://capitalatlas.ai/funds/kdb-capital) — Seed
- Bass Ventures (https://capitalatlas.ai/funds/bass-ventures) — Seed
- Block Crafters Capital — Series A
- Honest Ventures (https://capitalatlas.ai/funds/honest-ventures) — Series A
- Naver D2 Startup Factory (https://capitalatlas.ai/funds/naver-d2-startup-factory) — Series A
- We Venture Partners (https://capitalatlas.ai/funds/we-venture-partners) — Series A
- Accentia Financial — Series A
- WeMade Co., Ltd. — Series A
- Samsung NEXT Ventures (https://capitalatlas.ai/funds/samsung-next-ventures) — Series A
- Animoca Brands (https://capitalatlas.ai/funds/animoca-brands) — Series A
- Krust Universe (https://capitalatlas.ai/funds/krust-universe) — Series A