Did you miss a session from GamesBeat Summit 2022? All sessions are available to stream now. Learn more.
Japanese mobile firm KLab has raised $9.3 million in funding as it starts a marketing expansion.
The money came from two sources: Oak Capital Corp. and Hakuhodo, according to market analyst Serkan Toto. Hakuhodo is a big marketing and ad company in Japan. The company plans to promote games such as its card-battle mobile game, Lord of the Dragons. For the period from September 2012 to May, Klab lost $7.7 million. The company’s stock is trading up in Japan as a result of the announcement.
Tetsuya Sanada founded KLab, and he says that his vision for the company was inspired by Japanese politician Ryoma Sakamoto, who envisioned a Japan without feudal trappings. Klab, he writes on the company’s site, has built a system for making games and carved out its niche in social and smartphone markets.
GamesBeat's creed when covering the game industry is "where passion meets business." What does this mean? We want to tell you how the news matters to you -- not just as a decision-maker at a game studio, but also as a fan of games. Whether you read our articles, listen to our podcasts, or watch our videos, GamesBeat will help you learn about the industry and enjoy engaging with it. Learn more about membership.