# NPIXEL

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

- Industry: Software
- Headquarters: Seoul, South Korea
- Website: www.npixel.co.kr
- Total disclosed funding: $149M
- Latest round: Series B (Aug 31, 2021)
- Investors on record: 8

## About

Based in South Korea, NPIXEL is a developer specializing in multi-platform MMORPGs, creating engaging and immersive gaming experiences for players worldwide.NPIXEL, founded in 2017 in Seoul, South Korea, focuses on developing MMORPGs. The company, led by CEO Hyeon-ho Jeong, raised KRW 100 billion in Series B funding from Saehan Venture Capital on August 31, 2021, bringing the total amount raised to KRW 100 billion and current company valuation to KRW 1,121,367.39 mn. NPIXEL has completed four deals to date.NPIXEL primarily develops multi-platform MMORPGs, with "Gran Saga" as its flagship title. The game offers an immersive experience characterized by stunning graphics and gameplay mechanics, catering to both casual and hardcore gamers. It has been launched in international markets such as Taiwan, Hong Kong, and Macau. The company fosters a collaborative environment for players and developers, actively involving them in the game's evolution and content creation.In the most recent fiscal year of 2021, NPIXEL generated revenue of KRW 31,344,466.30 with an EBITDA of KRW 14,160,397.50. The company generates revenue through direct-to-consumer transactions primarily from in-game purchases and seasonal events, offering premium content and subscription services, while engaging customers with exclusive collaborations and themed events.Following the Series B funding round in August 2021, NPIXEL plans to use the KRW 100 billion raised to expand globally and develop new Triple-A games, including "Chrono Odyssey." The company aims to enter additional markets to enhance its reach, focusing on strategic geographic expansions in the near future.

## Funding rounds

- Series B, Aug 31, 2021, $85M — Saehan Venture Capital
- Series A, Feb 1, 2021, $14M — Saehan Venture Capital
- Series A, Aug 1, 2020, $25M — Altos Ventures, Saehan Venture Capital, Aspex Management
- Series A, Dec 1, 2019, $25M — Altos Ventures, Roblox Corporation, Coupang Co., Ltd., Toss, Saehan Venture Capital, Krafton, Woowa Brothers

## Investors

- Altos Ventures (https://capitalatlas.ai/funds/altos-ventures) — Series A
- Roblox Corporation — Series A
- Coupang Co., Ltd. — Series A
- Toss — Series A
- Saehan Venture Capital (https://capitalatlas.ai/funds/saehan-venture-capital) — Series A, Series B
- Krafton — Series A
- Woowa Brothers — Series A
- Aspex Management — Series A