South Korea-based gaming company Wemade has raised 66 billion won ($46 million) in a funding round. Separately, Silverhorn and responsAbility have invested $5 million in Mister Loo, a tech-enabled public toilet sanitation provider in Emerging Asia.
Microsoft invests in Wemade
South Korea-based gaming company Wemade has raised 66 billion won ($46 million) in a funding round from Shinhan Asset Management, Kiwoom Securities, and Microsoft Corporation, according to an announcement.
Founded in 2000, Wemade offers many popular games, including MIR4, which is based on the popular Legend of Mir series IP.
The MIR4 Global has become the world’s first well-made blockbuster blockchain game since the company entered the blockchain industry in 2018.
“This is a meaningful investment by reputable financial and strategic investors with proven track records,” said Henry Chang, CEO of Wemade. “Wemade and Wemix will continue to exert efforts to attract more capital and actively invest to build the global digital economy platform.”
Recently, the company has successfully launched its own blockchain mainnet, WEMIX3.0, including 100% collateralised stablecoin WEMIX$ and a DeFi platform WEMIX.Fi. A new economy platform NILE, which supports NFT and DAO, will be introduced soon as well.
Silverhorn, responsAbility invest in Mister Loo
Silverhorn, an owner-operated Asia-focused investment firm, and responsAbility, an impact asset manager, invested $5 million in Mister Loo, a tech-enabled public toilet sanitation provider in emerging Asia, according to an announcement.
Mister Loo was founded in 2015 by Swiss entrepreneurs Dominik Schuler and Andreas Wanner as a health and wellbeing solution to the lack of accessible and clean toilet facilities in areas with high foot traffic.
A rising middle-class Asian population has increased the demand, and the company has fast become an attractive impact opportunity with upselling capabilities that contribute to overall public health.
With over a decade of experience championing impact investments in Emerging Asia, Silverhorn acts as the on-the ground institutional investor to support the scale-up of Mister Loo from 60 to 1,000 high- impact locations by 2026.
Founded in 2010, Silverhorn is an owner-operated investment firm that utilises on-the-ground access and expertise in Asia to deliver multi-asset class solutions.
responsAbility is a leading impact investor focused on private debt and private equity across emerging markets. Founded in 2003 and headquartered in Zurich, it has invested over $12 billion since inception and has a strong performance record.