SEOUL, South Korea & LOS ANGELES--(BUSINESS WIRE)--Minkonet, a prominent Seoul-based gaming technology company, today announced the close of a $1 million Pre-Series A investment round. Led by Evergreen Investment Partners, with additional funding from existing investors Bluepoint Partners and Kite Foundation, the company's total secured financing now exceeds $2.5 million.
Dedicated to providing audiences with enhanced video content and gaming experiences, the Minkonet team will leverage the investment to expand its global operations and accelerate the organization’s next phase of growth, driven by an aggressive go-to-market strategy for its 3D in-game replay technology focused on sales, marketing and strategic partnership development.
"We are proud to be partnering with Minkonet and Evergreen Investment to enhance the social sharing experience for billions of gamers around the world,” said YK Lee, CEO, Bluepoint Partners. “We believe Minkonet’s mission will change the gaming video content landscape.”
Minkonet’s 3D replay solutions encompass robust 360-degree data capture technology, providing high definition gaming video content experiences and enhanced social media interaction. Positioned to unleash new content capabilities previously unseen in gaming, Minkonet’s 3D Replay Suite includes a Replay Highlight Cam, Cinemax Cam and Social Cam. Minkonet has also developed an “anti-cheat” Kill Cam for game developers to combat growing cheating and hacking issues currently plaguing the gaming industry. Minkonet holds over 20 content-related technology patents in the U.S. and South Korea.
“The gaming video content market continues to rapidly expand largely due to streaming and social sharing across platforms such as Facebook, Twitch and YouTube, as well as substantial interest in eSports,” said Minkonet Co-Founder and CEO Peter Kim. “Our proprietary multi-camera functionality is uniquely positioned to increase engagement and enrich gameplay and we estimate that our solutions will generate an additional 1 million hours per day of gaming video content next year alone.”
Founded in 2014, Minkonet’s mission is to change the way users watch and play video games. Based in Seoul and Los Angeles, Minkonet has developed a proprietary 3D replay technology system for gaming and streaming content. Its solutions advance the quality and entertainment value of livestreaming, eSports and social platforms.
For more information, visit https://www.minkonet.com/.