JAFCO Asia leads Series B round for games developer Playnery

Playnery has raised $2.8 million in Series B financing. JAFCO Asia, a Japanese VC firm, led the round. Headquartered in Korea with an office in San Jose, Calif., Playnery is a games developer. Its other backers include Softbank Ventures, Qualcomm Ventures and Stonebridge Capital.

PRESS RELEASE

SAN JOSE, Calif., Dec 03, 2013 (BUSINESS WIRE) — Playnery, a top-tier development studio for high-end quality games and cross-platform game engine technology, today announced that the company has closed its series B round of financing led by JAFCO Asia, one of the largest VC firms in Japan. Prior to this, the company has raised $3.8 million in Series A funding from Softbank Ventures, Qualcomm Ventures and Stonebridge Capital.
Playnery has also recently partnered with an online gaming giant to publish its first game Mother of Myth on mobile platforms in Korea, Japan, Taiwan and China.
“We feel very fortunate to have a great group of investors and a publishing partner who believe in our vision and our ability to bring an advanced core gaming experience across many platforms,” said Henry Park, the founder and chief executive officer of Playnery. “The latest financing will be used to accelerate our game development and to publish our first title Mother of Myth in 2014.”
“Playnery has a strong team of industry veterans who had previously worked on PC online games and successfully serviced them in the global market,” said Kenny Nam, Associate Director of JAFCO Investment. “We were impressed with their in-house game engine technology which we believe that it will soon take the quality of mobile games to the next level.”
Playnery’s first title Mother of Myth is an action role-playing game developed for smartphones, tablets, and web browsers. Powered by Playnery’s in-house game engine, Mother of Myth offers a core gaming experience in beautifully rendered 3D environments across various platforms.
About Playnery
Established in October 2011, Playnery Inc. is a developer of cutting-edge games and cross-platform game engine technology. Our mission is to provide a high-quality social game experience that people can easily access regardless of platform. Playnery is currently focused on developing high-end 3D mobile games that people can enjoy anywhere with any chosen device with their friends.
For more information, visit http://www.playnery.com

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