Game developer

Kakao Games invests $20 million in US game developer Frost Giant Studios

The company logo of South Korean game developer Kakao Games Corp. (Kakao Games Corp.)

South Korean game developer Kakao Games Corp. announced on Wednesday that it has invested $20 million in US-based indie game developer Frost Giant Studios as part of its efforts to raise its global profile.

The gaming subsidiary under Kakao Corp., which operates South Korea’s most widely used mobile messenger, KakaoTalk, said it made the investment through its European company, Kakao Games Europe BV.

The investment is part of a $25 million Series A funding round attended by other investors, such as Bitkraft Ventures, Global Founders Capital and Riot Games.

Frost Giant Studios, founded in 2020 by industry leaders Tim Morten and Tim Campbell, is currently developing its first real-time strategy (RTS) game, due out later this year.

“Frost Giant Studio has already proven that it has strong capabilities in developing (as its developers created) beloved RTS hits in the global market in the past,” said Kakao Games CEO Cho Kye. -hyun, in a press release, adding that the company looks forward to actively working together to showcase good creations through close partnership.

Morten previously worked as production director for Blizzard Entertainment’s “StarCraft 2” and Campbell worked as lead campaign designer for “Warcraft 3.” (Yonhap)