English | 简体中文 | 繁體中文 | 한국어 | 日本語
Monday, 22 November 2021, 18:00 HKT/SGT
Share:
    

Source: CONTENTS LAB. BLUE
Webtoon Production Company CONTENTS LAB. BLUE Secures KRW 10B in Series A Finance

Seoul, Korea, Nov 22, 2021 - (ACN Newswire) - Webtoon production company CONTENTS LAB. BLUE INC announced that it raised KRW 10B in Series A funding from Korea Investment Partners, Kona Venture Partners LLC, We Ventures, Crit Ventures and Dae Gyeong Investment, following KRW 3B in pre-A investment from Kona Venture Partners LLC last January. With this funding round, the Company has secured total investment of KRW 13B (approx US$10.9M).


CONTENTS LAB. BLUE is a webtoon production company that makes 'novel comics' based on Internet novels, upcycles comic books into webtoons, develops Internet novels as a source for other media adaptations, and translates and localizes popular webtoons for many different countries.

The Company proactively built up a localization platform, now of interest to Kakao Entertainment, which is working on global expansion by acquiring multilanguage translation companies, and Naver Webtoon, which made an equity investment in Wattpad to secure global intellectual properties.

The CONTENTS LAB. BLUE webtoon 'Solitary Lady' was released on September 20 by Japan Piccoma, breaking daily sales records, as it did on America's Tapas and Indonesia's Kakaopage Global. 'The Tyrant's Guardian is an Evil Witch' was released on October 4 by Kakao Webtoon Thailand, and also set records for new release sales.

While strong production capability is resulting in record performance in overseas webtoon markets, CONTENTS LAB. BLUE has also concluded multiple contracts to create drama series and movies based on their contents.

CEO Youngto Go commented, "The well-organized webtoon production process we have built so far is now bringing concrete achievements. With this additional funding, we will lay the foundation to promote Korean webtoons in the global market, which is a forerunner in the popularity of K-Content."

Media contact:
Jiyea Jung,
CONTENTS LAB. BLUE INC
T: +82-10-3420-0305
E: jiyea.jung@contentslabblue.com
U: http://contentslabblue.com

SOURCE: CONTENTS LAB. BLUE INC

Topic: Investment
Source: CONTENTS LAB. BLUE

Sectors: Media & Marketing, Broadcast, Film & Sat, Startups, Metaverse, Games
https://www.acnnewswire.com
From the Asia Corporate News Network


Copyright © 2022 ACN Newswire. All rights reserved. A division of Asia Corporate News Network.

 

Latest Press Releases
Launch of World-first Expert Bone Health Resource  
May 23, 2022 14:48 HKT/SGT
Motul powers Mercedes-AMG Team Craft-Bamboo Racing to iconic P2 finish at Bathurst 12 Hour  
May 23, 2022 12:00 HKT/SGT
The Wuling COVID Testing Cars will be delivered at the end of May  
May 23, 2022 10:53 HKT/SGT
Project-Finance Agreement Signed for MC-Hokuden Hydro Power Alliance  
Monday, May 23, 2022 10:15:00 AM
Mitsubishi Motors to Launch the All-New eK X EV in Japan   
Monday, May 23, 2022 8:36:00 AM
NEC and Toyota Technical Development Develop Stable Wireless Control System for Cars and other Moving Objects in Factories  
Monday, May 23, 2022 8:24:00 AM
nybl Joins World AI Show & Awards as The Official Artificial Intelligence Partner  
May 22, 2022 09:07 HKT/SGT
Straumann Malaysia, part of The Straumann Group, a Leading Implantology Company, Intends to Provide 3,000 Dental Implant Packages to the Ministry of Health Malaysia as part of MoU  
May 21, 2022 08:20 HKT/SGT
MC and Morgenrot Enter into Capital and Business Alliance  
Friday, May 20, 2022 7:19:00 PM
12th PropertyGuru Asia Property Awards (Singapore) search for the finest real estate as market sentiment improves  
May 20, 2022 19:15 HKT/SGT
More Press release >>
 Events:
More events >>
Copyright © 2022 ACN Newswire - Asia Corporate News Network
Home | About us | Services | Partners | Events | Login | Contact us | Cookies Policy | Privacy Policy | Disclaimer | Terms of Use | RSS
US: +1 214 890 4418 | Beijing: +86 400 879 3881 | Hong Kong: +852 8192 4922 | Singapore: +65 6549 7068 | Tokyo: +81 3 6859 8575