GXC Raises $9.1M in Series A Funding


GXC, a Jeju, South Korea-based game ecosystem platform raised an additional $9.1m in Series A funding.

The round follows a $4.73m Series A funding announced in April 2021. The round was led by KNET Investment Partners LLC., with participation from Korea Development Bank, Tiger Asset Management Discretionary Invest, Vision-Creator, and Megazone.

Led by Rick Nahm, GXC is the tech-based holding company of game service platform G.Round and gaming accelerator program Global Top Round (GTR).

G.Round is a community-based tool that helps development studios refine and polish their upcoming video games with market-data feedback. Since its release in July 2020, about 235,000 gamers in more than 240 regions have actively used the platform.

The GTR accelerator chooses ten gaming startups from around the world every year, and actively supports their growth with investment, networking, and guidance with the goal of reaching publishing deals with the world’s leading industry partners. GTR has already invested in more than 55 game companies in the United States, the UK, Brazil, France, Germany, Finland, Sweden, Italy, Korea, Malaysia and more.

The company plans to use the funds to expand G.Round’s offerings which include mobile optimization, personalization, crowdfunding, and data services. GTR also plans to expand its investment in the game content business to secure content acquisition with high quality partners.