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HYBE IM raises $21M to boost publishing and IP-based games
Not long after raising $80 million, South Korea's HYBE IM has raised $21 million to boost its growth in game publishing and IP games.
HYBE IM president Wooyong Chung.In August 2024, the company signed a strategic investment agreement of $80 million, demonstrating its competitiveness in the global gaming market. The game launched in April 2024 on PC and mobile, giving players a fresh take on classic beat ’em up and side-scrolling combat and gained a lot of attention due to its striking visual style. The lead-up to launch also saw a number of collaborations with HYBE’s artists, including Seventeen’s Hoshi and Seungkwan, recording OSTs and fromis_9’s Lee Nagyung transforming into the Goddess Veda herself for a dramatic trailer.
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