August 29, 2013
KDDI Open Innovation Fund invested in 5Rocks, Inc., a developer of native mobile game analytic and managing tools.
KDDI Open Innovation Fund L.P. (KOIF) announced that KOIF invested in 5Rocks, Inc., a Korean venture run by Changsu Lee, a CEO, and Chester Roh, a CSO.
5Rocks has been highly reputable in the Korean market, where mobile games have been so advanced. 5Rocks has provided its tools to Korean top tier mobile game developers which include SUNDAYTOZ, LinkTomorrow, GAMEVIL, LoadComplete, RocketOz. 5Rocks provides consulting services on the analysis and optimal design data for the mobile game developers.
5Rocks plans to enter the Japanese market off the back of KOIF's investment , and already prepares to provide closed beta services to Japanese mobile game developers, KLab, Pokelabo, Mynet, Mutations Studio, and NewsTech, as of September 1st.
KOIF is a corporate venture capital fund, and was established by KDDI Corp., and managed by Global Brain Corp.(GB), an reputable venture capital.
Both KDDI and GB will maximize a corporate value of 5Rocks by supporting 5Rocks.
Overview of the KDDI Open Innovation Fund
- Name
- KDDI Open Innovation Fund
- Investment target
- IT startup companies in Japan and overseas that collaborate with KDDI
- Total investment
- 5 billion yen
- Managed by
- Global Brain Corporation
Overview of 5Rocks
- Company name
- 5Rocks,Inc.
- Head Quarter
- Seoul, KOREA
- Chairman
- Changsu Lee, CEO / Chester Roh, CSO
- Founded
- September , 2010
- Operations
- Providing an analytics/operation and consulting service for mobile game companies
Overview of Global Brain
- Company name
- Global Brain Corporation
- Head Quarter
- Nisshin Aoyama Bld. 9th Floor, 3-2-4 Kita-Aoyama, Minato-ku, Tokyo, Japan
- CEO
- Yasuhiko Yurimoto
- Founded
- January 14, 1998
- Operations
- Venture capital