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- VA Corporation
VA Corporation Valuation, Funding & Investors
VA Corporation is valued at $670M as of March 2022.
Last VA Corporation valuation
$670M
Series A · Mar 2022
Last VA Corporation funding round
$82M
Series A · Mar 2022
Cumulative funding VA Corporation raised
$91M
across 2 funding rounds
Key investors in VA Corporation
LG Electronics
Com2uS
NHN Investment
Pearl Abyss Capital
Paratus Investment
Studio LuluLala
About VA Corporation
VA Corporation is a Seoul-based studio offering virtual production, VFX pipelines, content creation, branding strategies, and digital marketing services for entertainment and corporate clients in Asia.
Founded
2021
HQ
Website
Status
Privately held
Customer focus
B2B
Revenue model
Services, Subscription
Valuation
$670M (Mar 2022)
VA Corporation Valuation
VA Corporation is currently valued at $670M, based on its Series A in March 2022.
The $82M round was led by Paratus Investment.
VA Corporation valuation by funding round
| Date | Stage | Valuation |
|---|---|---|
| Mar 2022 | Series A | $670M |
VA Corporation Funding History
VA Corporation has raised a total of $91M across 2 funding rounds.
VA Corporation's first fundraising round was a $9M seed round in August 2021. The most recent completed round was a $82M Series A in March 2022.
VA Corporation funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Mar 2022 | Series A | Paratus Investment (lead) | $82M | $670M | VA Corporation is a Korean metaverse platform company founded in 2021, providing a one-stop solution for metaverse services including virtual production studios, VR content creation for metaverse platforms, live commerce, and film. It operates VA Studio Hanam, a 15,000 square meter facility in Gyeonggi Province, South Korea, and plans to expand to 115,000 m2 in the metropolitan area. The company achieved a post-money valuation of 1 trillion won (approximately $800 million USD equivalent at the time) in its Series A round, raising 100 billion won ($80 million) led by Paratus Investment, marking one of the fastest paths to billion-dollar valuation in the industry. Other investors in VA Corporation include LG Electronics, NHN, Pearl Abyss, Com2uS, and three more, with total funding reaching $80.72M as of the latest raise about three years prior to 2025. The investment will fund expansion of virtual studio capabilities, hiring metaverse experts, upgrading NFT and virtual human technologies, and developing new metaverse businesses to solidify its leadership position. VA Corporation has secured partnerships with major corporates, including a business agreement with LG AI Research Institute for AI human and metaverse services based on advanced AI technology, a joint R&D center with LG Electronics for LED wall development in virtual production, and a VR content business deal with Skonek Entertainment. CEO Dong-eon Kim emphasized using the investment for quantitative and qualitative growth in metaverse content. The company operates in the booming metaverse sector, attracting keen investor interest amid expectations of a major digital world expansion. It positions itself as a specialized metaverse firm amid Korean startups achieving unicorn status rapidly. |
| Aug 2021 | Seed | Pearl Abyss Capital; Com2uS; LG Electronics; NHN Investment; Studio LuluLala | $9M | - | - |
Who has invested in VA Corporation?
6 investors have backed VA Corporation across its funding rounds, including LG Electronics, Com2uS, NHN Investment, Pearl Abyss Capital, Paratus Investment and Studio LuluLala.
Lead investors include Paratus Investment.
VA Corporation Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| 1 | Participant | Aug 2021 | ||
| 1 | Participant | Aug 2021 | ||
| 1 | Lead | Mar 2022 | ||
| 1 | Participant | Aug 2021 | ||
This data is available for Pro users. Sign up to see all 6 VA Corporation investors. Start Free Trial | ||||
Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples
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Start Free TrialAcquisitions by VA Corporation
VA Corporation has acquired 1 company to date.
Last acquisition by VA Corporation was on May 9th 2022. VA Corporation acquired Root MNC for undisclosed valuation.
Latest Acquisitions by VA Corporation
| Description | Root MNC is a production studio based in Mexico City that creates virtual reality experiences and augmented reality applications for enterprise training and marketing. Projects include immersive simulations for automotive assembly lines and AR product visualizers for retail brands. The studio utilizes Unity and Unreal Engine for content deployed on Oculus and HoloLens devices. Established in 2018, Root MNC collaborates with agencies in Latin America. |
| HQ Country | |
| HQ City | Seoul |
| Deal Date | 9 May 2022 |
| Valuation | undisclosed |
| EV/Revenue | |
| EV/EBITDA | |
This data is available for Pro users. Sign up to see all VA Corporation acquisitions and their M&A valuation multiples. Start Free Trial | |
VA Corporation Competitors
VA Corporation competitors include listed companies like Mensch und Maschine, Addnode Group and Lectra, and private ones like GumGum, CoLab Software and Mirage.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| Publicly listed | $275M | $68M | $683M | 2.6x | ||
| Publicly listed | $591M | $108M | $657M | 1.5x | ||
| Private | $113M | - | $700M | 6.2x | ||
| Publicly listed | $584M | $91M | $890M | 1.7x | ||
| Private | - | - | $500M | - | ||
| Private | - | - | $500M | - |
VA Corporation Public Comps
VA Corporation is still privately-owned, but its public comps include Tron, H & R Century Union, Cover, ZUKEN, Mensch und Maschine, Addnode Group, Acast, Surya Citra Media, Huayi Brothers and TV Tokyo Holdings.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $5M | ($17M) | 140.2x | - | (40.0x) | - | |||
| $79M | ($28M) | 8.0x | - | (22.6x) | - | |||
| $317M | $34M | 1.9x | 1.9x | 17.6x | 9.8x | |||
| $277M | $51M | 1.6x | 1.7x | 8.9x | - | |||
| $275M | $68M | 2.7x | 2.6x | 10.9x | 9.8x | |||
| $591M | $108M | 1.5x | 1.5x | 8.4x | 8.2x | |||
| $257M | ($1M) | 2.3x | 1.9x | (481.8x) | 25.7x | |||
| $388M | $64M | 1.8x | 1.5x | 10.8x | 4.3x | |||
This data is available for Pro users. Sign up to see all VA Corporation competitors and their valuation data. Start Free Trial | ||||||||
Common questions about VA Corporation
| When was VA Corporation founded? | VA Corporation was founded in 2021. |
| Where is VA Corporation headquartered? | VA Corporation is headquartered in Seoul, South Korea. |
| Is VA Corporation publicly listed? | No, VA Corporation is a private, VC-backed company. |
| What is VA Corporation's valuation? | VA Corporation was last valued at $670M in its Series A in March 2022. |
| How much funding has VA Corporation raised? | VA Corporation has raised $91M across 2 funding rounds. |
| What was VA Corporation's last funding round? | VA Corporation's last funding round was a $82M Series A in March 2022, led by Paratus Investment. |
| Who are VA Corporation's investors? | VA Corporation's investors include Pearl Abyss Capital, Com2uS, Paratus Investment, LG Electronics, NHN Investment and Studio LuluLala. |
| Which companies are comparable to VA Corporation? | Companies comparable to VA Corporation include Mensch und Maschine, Addnode Group, GumGum, Lectra, CoLab Software and Mirage. |
| How many companies has VA Corporation acquired? | VA Corporation has acquired 1 company, including Root MNC. |
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