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

South KoreaSeongnam

Status

Privately held

Customer focus

B2C

Revenue model

Product sales

Valuation

$3B (Jul 2022)

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

Lionheart Studio valuation by funding round
DateStageValuation
Jul 2022Secondary$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

Lionheart Studio funding rounds
DateStageInvestorsRaisedValuationDeal Summary
Jul 2022SecondaryKakao Games (lead)$917M$3BLionheart 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 2018Strategic investmentKakao 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

Investors in Lionheart Studio by funding rounds participated
InvestorHQRoundsRoleFirst check

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Lionheart Studio Competitors

Lionheart Studio competitors include listed companies like NCsoft, Koei Tecmo, G-bits and JOYY, and private ones like Wildlife Studios and Games24x7.

Public and private companies comparable to Lionheart Studio
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
Wildlife StudiosBrazilBrazilPrivate--$3B-
NCsoftSouth KoreaSouth KoreaPublicly listed$1.1B$368M$2.9B1.1x
Games24x7IndiaIndiaPrivate$173M-$2.5B14.5x
Koei TecmoJapanJapanPublicly listed$568M$300M$3.7B5.4x
G-bitsChinaChinaPublicly listed$925M$371M$3.8B3.1x
JOYYSingaporeSingaporePublicly listed$2.1B$160M$3.9B1.1x

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 FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
NCsoft$1.1B$368M1.7x1.1x5.0x5.5x
Koei Tecmo$568M$300M5.3x5.4x10.0x12.5x
G-bits$925M$371M3.3x3.1x8.3x8.1x
XD$859M$262M2.0x1.8x6.6x6.1x
JOYY$2.1B$160M1.2x1.1x16.3x11.2x
YOOZOO Games$209M($15M)9.2x9.0x(126.6x)34.0x
Netmarble$2.1B$389M1.0x1.1x5.6x6.6x
Kingsoft$1.4B$441M1.0x0.9x3.2x5.0x

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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.

See companies similar to Lionheart Studio

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