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
URL
http://www.5rocks.io/

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
URL
http://globalbrains.co.jp/