Shrapnel Valuation, Funding & Investors

HAEGIN is a Seongnam-based video game developer founded in 2007 that specializes in massively multiplayer online role-playing games. The studio delivers titles such as Dragon Raja Mobile and Blade & Soul Revolution for mobile platforms, alongside PC games like Justice Online. With a focus on high-quality graphics and immersive worlds, HAEGIN collaborates with global publishers including Tencent for distribution in Asia and beyond. The company maintains studios in South Korea and China, supporting a pipeline of cross-platform releases that blend action combat and open-world exploration.

Kabam is a San Francisco-headquartered entertainment company building free-to-play games for mobile and web platforms. The studio produces social, strategy, action, arcade, sports, and role-playing titles such as The Hobbit: Kingdoms of Middle-earth. With offices in Los Angeles, Austin, Vancouver, Beijing, London, and Berlin, Kabam reached over 100 million players before its 2017 acquisition by Netmarble.

Mocaverse is a web3 membership platform powered by Animoca Brands featuring NFT-based digital identities for gamers and creators. Hong Kong-headquartered, it integrates REPS points system across blockchain games and metaverses. Users access exclusive content, airdrops, and interoperability tools within the Animoca ecosystem including The Sandbox and Phantom Galaxies.

Mythical Games is a Sherman Oaks-headquartered studio publishing blockchain-enhanced video games like Blankos Block Party and NFL Rivals. Its Mythical Platform provides developers with Mythos Chain blockchain and MYTH token integration for true in-game asset ownership and secondary marketplaces. The company powers economies in titles across mobile, PC, and console with secure NFT transactions.

Parametrix.ai is a Beijing-headquartered startup founded in 2019, specializing in game AI development for virtual worlds. It creates AI-driven live agents using machine learning and reinforcement learning techniques, integrated into game scenarios by client studios. The company engineers large-scale systems to enable AI bots that interact with human players, fostering open and collaborative virtual environments. Parametrix.ai serves Chinese and international game developers with custom AI solutions for multiplayer experiences.

Playco is a Tokyo-based instant-play gaming company founded in 2020 by Zynga co-founder Justin Waldron and Game Closure co-founder Michael Carter, building a web-based game engine for instant games that run without downloads via simple web links. Its games are distributed through platforms such as Google Play Instant, iOS App Clips, Facebook Instant Games, Snapchat Minis, and cloud streaming services, with partnerships spanning Facebook, LINE Messenger, Rakuten Viber, and Snapchat. Playco targets social and messaging apps to deliver multiplayer games accessible to billions of people without requiring app installs.

Sichuan Xun You Network Technology Co Ltd is an online game accelerator. The company solves the problem that players encounter excessive delays in online games, difficulty in login, and easy to drop.

NHN operates IT-related businesses across Korea, Japan, the United States, and China. Its activities include gaming, payment services, advertising, commerce, technology services, and digital content operations.

ProbablyMonsters is a game development company building independent studios for original titles. Announced in 2019 after founding in 2016, it supports studios like Firewalk Studios and Cauldron Studios with shared services in operations, HR, finance, business development, tech, and QA. Each studio develops AAA projects under deals with major publishers.

Shift Up Corp is a game design and development studio that covers a wide range of areas from game production to promotional videos and music production, based on illustrations and solid planning and programming capabilities.

Ubisoft develops and publishes top-quality video games for play on gaming consoles, PCs, and mobile devices. Its major franchises include Assassin’s Creed, Rainbow Six, Far Cry, Just Dance, The Crew, and Skull & Bones. It also has a license to release games under the Star Wars and Avatar banners, as well as use the Tom Clancy name. The firm also holds the game streaming rights to Activision's existing catalog and any games it develops through 2038. Typically, about half of the firm’s sales come from North America, and 35% from Europe. Furthermore, about 40% of sales are classified as recurring—from in-game purchases—while about 60% are nonrecurring, from the initial game sales.

Playtika Holding Corp is engaged in developing mobile games. Some of its games include Board Kings, House of Fun, Poker Heat, Slotomania, and Bingo Blitz. The company has built live game operations services and a proprietary technology platform to support its portfolio of games. It derives revenue from the sale of virtual items associated with online games. Geographically, the group has a business presence in the USA, EMEA, APAC, and Other regions of which key revenue is derived from the USA. The company offers both Mobile and Web-based platforms.

GungHo Online Entertainment Inc is a Japanese company that plans, develops, publishes, and distributes online video games. Its portfolio includes games for smartphones, PCs, consoles, and handheld gaming devices. The company operates across several business segments, including the operation and distribution of smartphone games; the planning, development, and sale of console games; and the planning, development, licensing, and distribution of PC online games. Additionally, it is involved in the development and delivery of games for smartphones, consoles, and portable gaming platforms.

Seasun Games is a Wuxi, China-headquartered game developer with over 20 years of experience since 2003, producing titles for PC, mobile, and consoles. Known for MMORPGs like 'Swordman' and 'Zero,' it operates studios in multiple cities and publishes internationally through partnerships.

DoubleUGames Co Ltd is a Korea-based game development company. It offers multiple gaming products such as DoubleU casino game and DoubleU bingo game and others. The company also provides Wookie Casino, a social casino game, as well as bingo, and slot machines games. In addition, it distributes its products domestically and in international markets.

1047 Games is a Zephyr Cove-based remote video game development studio behind Splitgate, a free-to-play multiplayer arena shooter combining fast-paced combat with portal mechanics. Founded in 2016, the team operates distributed across the United States, releasing updates, seasonal events, and cross-platform play on PC, PlayStation, Xbox, and Steam.

Gala Games is a blockchain gaming platform that enables players to own and trade non-fungible tokens representing in-game assets. Headquartered in Salt Lake City, Utah, the company launched its proprietary GalaChain blockchain in 2023 to support decentralized applications and games such as Mirandus, Casino Quest, and Legends Reborn. Gala Games operates the largest node network in Web3 gaming, with over 100,000 nodes worldwide. Its ecosystem includes the GALA utility token used for transactions, governance, and rewards across titles developed by studios like Acquired Space and Mythical Games partnership.