Playsnak secures $1.3M Seed Investment from K Cube Ventures

playsnak-and-kcube

Berlin (Germany) – October 31, 2016 – Playsnak, a next generation game company focusing on mobile & VR games, today announces that it has raised $1.3M of seed investment from South Korean Venture Capital investment firm K Cube Ventures.

Playsnak is a Berlin, Germany / Los Angeles, California based next generation game company focusing on mobile & VR game development & publishing. Led by industry veteran Paha Schulz and co-founded with diverse industry veterans with average 15 years+ work experience from the game & entertainment industry with collective CVs counting Crytek, NCsoft, Electronic Arts & Nintendo, Playsnak is comprised of veterans with massive experiences & know-how of game publishing business & game development.

In the time of the global games industry with maturing mobile games market & rising VR games market, Playsnak focuses on publishing 3rd party mobile games from Asia in the Western market and developing high-quality VR games to become a leading next-generation game company.

K Cube Ventures is a Seoul, South Korea based venture capital firm focusing on early investments mainly in mobile, tech and game related startups.

“Through this funding Playsnak will focus on developing and finding innovative VR & mobile games, as well as focusing on bringing the Asian and Western game market closer together and becoming a true global player in the game industry” said Paha Schulz, Founder & CEO of Playsnak.

“Playnak is an internationally diverse and highly experienced team with extensive cutting-edge experiences in VR content development and global game business” said Andy Shin, Partner at Kcube Ventures who led this deal. “We expect that Playsnak will lead the game market with their in-house competency to develop innovative VR content and diverse global business competency in the evolving next-generation game market.”

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About Playsnak

Founded in 2015, Playsnak is a global Next-Generation game company based in Berlin, Germany & Los Angeles, California. Playsnak is targeting to systematically building a true global next-gen game company in the time of maturing global mobile gaming market and shift to VR & AR immersive gaming market. Playsnak focuses on publishing 3rd party mobile games from Asia in the Western market and developing high-quality VR games to become a leading next-generation game company. For more information, visit http://playsnak.com.

About K Cube Ventures

K Cube Ventures is an early-stage venture capital firm, founded in April 2012, with the vision of harnessing the power of startups to change our world. As an investment arm of Kakao Corporation, K Cube Ventures has focused on investing in promising ICT/SW startups, primarily in mobile, tech, and game categories, between $100,000 and $2 million per startup. K Cube Ventures believes that early-stage startups not only need financial support, but they also need experienced mentors. With this in mind, K Cube Ventures assists startups in the areas of business development, networking, team building, strategy consulting, investment and financial affairs, HR and PR, and management. K Cube Ventures will continue to contribute to the creation of the virtuous circulation of venture ecology by permanently supporting various resource projects as well as financial support to portfolio companies. For more information, visit http://kcubeventures.co.kr/en.

For press inquiries: contact@playsnak.com