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- Lionheart Studio
Lionheart Studio Valuation, Funding & Investors
Lionheart Studio is valued at $3B as of July 2022.
Last Lionheart Studio valuation
$3B
Secondary · Jul 2022
Last Lionheart Studio funding round
$9M
Strategic investment · May 2018
Cumulative funding Lionheart Studio raised
$9M
across 1 funding round
Key investors in Lionheart Studio
Lionheart Studio Overview
About Lionheart Studio
Lionheart Studio is a Seongnam-based developer of multiplayer online role-playing games headquartered in Gyeonggi Province, South Korea. Founded in 2017, it publishes titles for PC and mobile devices targeting Asian markets.
Founded
2017
HQ
Website
Status
Privately held
Customer focus
B2C
Revenue model
Product sales
Valuation
$3B (Jul 2022)
Sectors
Lionheart Studio Valuation
Lionheart Studio is currently valued at $3B, based on its secondary sale in July 2022.
The $917M round was led by Kakao Games.
Lionheart Studio valuation by funding round
| Date | Stage | Valuation |
|---|---|---|
| Jul 2022 | Secondary | $3B |
Lionheart Studio Funding History
Lionheart Studio has raised a total of $9M across 1 funding round, plus 1 secondary share sale.
Lionheart Studio funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Jul 2022 | Secondary | Kakao Games (lead) | $917M | $3B | Lionheart Studio is a South Korean mobile game developer founded in 2018 by Jaeyoung Kim, known for its hit MMORPG Odin: Valhalla Rising, released in June 2021. On November 1, 2022 (or late 2021 per some reports), Kakao Games acquired an additional 30.37% stake in Lionheart Studio for 450 billion KRW (approximately $917.4 million USD), increasing its total ownership to over 51% (24.57% by Kakao Games Corp. and 30.37% by Kakao Games Europe B.V.) and making Lionheart a subsidiary. This transaction valued the 30.37% stake at 450 billion KRW, implying a full company valuation of approximately 1.48 trillion KRW. Prior to this, Kakao Games held a 21.58% stake. Lionheart generated 215.3 billion KRW in operating profit in 2021 from Odin. |
| May 2018 | Strategic investment | Kakao Games (lead); Wemade (lead) | $9M | - | Lionheart Studio, founded in May 2018 by veteran Korean game developer Kim Jae Young, received initial funding of around $9 million from Kakao Games and WeMade Entertainment, with each investing approximately $4.5 million. The studio, known for its work on high-end mobile games like the former Blade title, focused on developing a mobile MMORPG as its first project. Kakao Games' early investment in 2018 was 5 billion won for an 8% stake. |
Who has invested in Lionheart Studio?
2 investors have backed Lionheart Studio across its funding rounds, including Kakao Games and Wemade.
Lead investors include Kakao Games and Wemade.
Lionheart Studio Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
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Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
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Start Free TrialLionheart Studio Competitors
Lionheart Studio competitors include listed companies like NCsoft, Koei Tecmo, G-bits and JOYY, and private ones like Wildlife Studios and Games24x7.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Private | - | - | $3B | - | ||
| Publicly listed | $1.1B | $368M | $2.9B | 1.1x | ||
| Private | $173M | - | $2.5B | 14.5x | ||
| Publicly listed | $568M | $300M | $3.7B | 5.4x | ||
| Publicly listed | $925M | $371M | $3.8B | 3.1x | ||
| Publicly listed | $2.1B | $160M | $3.9B | 1.1x |
Lionheart Studio Public Comps
Lionheart Studio is still privately-owned, but its public comps include NCsoft, Koei Tecmo, G-bits, XD, JOYY, YOOZOO Games, Netmarble, Kingsoft, Embracer Group and Modern Times Group.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $1.1B | $368M | 1.7x | 1.1x | 5.0x | 5.5x | |||
| $568M | $300M | 5.3x | 5.4x | 10.0x | 12.5x | |||
| $925M | $371M | 3.3x | 3.1x | 8.3x | 8.1x | |||
| $859M | $262M | 2.0x | 1.8x | 6.6x | 6.1x | |||
| $2.1B | $160M | 1.2x | 1.1x | 16.3x | 11.2x | |||
| $209M | ($15M) | 9.2x | 9.0x | (126.6x) | 34.0x | |||
| $2.1B | $389M | 1.0x | 1.1x | 5.6x | 6.6x | |||
| $1.4B | $441M | 1.0x | 0.9x | 3.2x | 5.0x | |||
This data is available for Pro users. Sign up to see all Lionheart Studio competitors and their valuation data. Start Free Trial | ||||||||
Common questions about Lionheart Studio
| When was Lionheart Studio founded? | Lionheart Studio was founded in 2017. |
| Where is Lionheart Studio headquartered? | Lionheart Studio is headquartered in Seongnam, South Korea. |
| Is Lionheart Studio publicly listed? | No, Lionheart Studio is a private, VC-backed company. |
| What is Lionheart Studio's valuation? | Lionheart Studio was last valued at $3B in its secondary sale in July 2022. |
| How much funding has Lionheart Studio raised? | Lionheart Studio has raised $9M across 1 funding round. |
| What was Lionheart Studio's last funding round? | Lionheart Studio's last funding round was a $9M strategic investment round in May 2018, led by Kakao Games and Wemade. |
| Who are Lionheart Studio's investors? | Lionheart Studio's investors include Kakao Games and Wemade. |
| Which companies are comparable to Lionheart Studio? | Companies comparable to Lionheart Studio include Wildlife Studios, NCsoft, Games24x7, Koei Tecmo, G-bits and JOYY. |
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