Minkonet, a Seoul, South Korea and Los Angeles, CA-based gaming technology company, closed a $1m Pre-Series A funding round.
The round was led by Evergreen Investment Partners, with participation from existing investors Bluepoint Partners and Kite Foundation.
The company will leverage the investment to expand its global operations and accelerate the organization’s next phase of growth, driven by a go-to-market strategy for its 3D in-game replay technology focused on sales, marketing and strategic partnership development.
Founded in 2014 by CEO Peter Kim, Minkonet has developed a proprietary 3D replay technology system for gaming and streaming content. Its 3D Replay suite, which aims to advance the quality and entertainment value of livestreaming, eSports and social platforms, includes a Replay Highlight Cam, Cinemax Cam and Social Cam. The company has also developed an “anti-cheat” Kill Cam for game developers to combat growing cheating and hacking issues currently plaguing the gaming industry.
Minkonet holds over 20 content-related technology patents in the U.S. and South Korea.