S.Korean metaverse firm Anipen raises US$8 mln in Series C

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South Korean metaverse platform Anipen drew investments worth around 11 billion Korean won (US$8.3 million) in its Series C round ahead of its planned initial public offering (IPO) next year.

See related article: South Korea places $185M bet on the metaverse

Fast facts

  • The list of investors includes Medici Investment, Ulmus Investment and Korea Development Bank (KDB).

  • With the investments, Anipen will expand its metaverse content services and strengthen partnerships with various companies globally.

  • Anipen is a deep learning-based metaverse platform developer that specializes in augmented reality (AR), extended reality (XR) and artificial intelligence (AI).

  • Its flagship service AnibeaR is a three-dimensional mobile application that allows users to create AR-infused video content using popular children’s animation characters such as Hello Kitty and Teletubbies.

  • Last year the metaverse developer attracted investments worth 13 billion won. It plans to close its Series C round after reaching investments of 20 billion won that the company is currently negotiating.

See related article: South Korea’s Ifland metaverse dives into play-to-earn