# nWay

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

- Industry: Software
- Headquarters: San Francisco, US
- Website: www.nway.com
- Total disclosed funding: $16M
- Latest round: Series B (Dec 13, 2017)
- Investors on record: 7

## About

Based in California, US, and founded in 2011, nWay Inc. operates as a game developer and publisher of competitive multiplayer games across mobile, console, and PC. In December 2019, nWay Inc. was acquired by Animoca Brands Corporation Limited wherein the transaction includes the acquisition of the 100 percent issued capital in nWay, Inc. The company's founder is Taehoon Kim, Dave Jones, and Tony Harman. Mr. Kim, CEO of nWay, was a precious co-founder of Pixelberry and Nurien Software, a company that develops multiplayer games such as MStar and Nurien. Mr. Kim was also a part of Samsung Electronics's New Business Development team.

The company’s team is comprised of gaming and startup veteran developers and executives from RockStar North, Electronic Arts, Google, LucasArts, Maxis, NCSoft, Nintendo, PDI/DreamWorks, and Tencent is known to develop console-quality games such as Lemmings, Grand Theft Auto, The Sims 2, Dead Space 2, FIFA Online, Lineage II, and Power Rangers: Legacy War.

The company’s revenue is generated by selling free-to-play multiplayer console games to different web and mobile platforms. The company’s product includes games such as Lemmings, Grand Theft Auto, The Sims 2, Dead Space 2, FIFA Online, Lineage II, and Power Rangers: Legacy War. It is also currently developing ChronoBlade, a free-to-play Action RPG game under the company's title. As of 2019, nWay earned USD 6.98 million in revenue with an EBITDA loss of USD 1.3 million.

## Funding rounds

- Series B, Dec 13, 2017, $11M — WI Harper Group, Ridge Ventures, TransLink Capital, Baseline Ventures, March Capital
- Series A, Dec 10, 2013, $5M — WI Harper Group, TransLink Capital, XG Ventures, ZhenFund

## Investors

- WI Harper Group (https://capitalatlas.ai/funds/wi-harper-group) — Series A, Series B
- TransLink Capital (https://capitalatlas.ai/funds/translink-capital) — Series A, Series B
- XG Ventures (https://capitalatlas.ai/funds/xg-ventures) — Series A
- ZhenFund (https://capitalatlas.ai/funds/zhenfund) — Series A
- Ridge Ventures (https://capitalatlas.ai/funds/ridge-ventures) — Series B
- Baseline Ventures (https://capitalatlas.ai/funds/baseline-ventures) — Series B
- March Capital (https://capitalatlas.ai/funds/march-capital) — Series B