Lionheart Studio
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Lionheart Studio - overview
Established
2018
Location
Seongnam, -, South Korea
Primary Industry
Software
About
Lionheart Studio is a South Korean developer focused on creating interactive entertainment, specifically in the MMORPG and RPG genres, delivering immersive gaming experiences through rich narratives and high-quality graphics. Founded in 2018 and headquartered in Seongnam, South Korea, Lionheart Studio specializes in the development of interactive entertainment products. The company has engaged in 4 deals, with its latest funding round on June 30, 2022, where it raised KRW 754. 1 billion from Kakao Games, marking a significant step in its growth.
The founder's background includes experience in the gaming industry, though specific previous ventures are not disclosed. Lionheart Studio specializes in developing interactive entertainment products, primarily focused on the MMORPG and RPG genres. Their flagship offerings include 'ODIN: VALHALLA RISING,' a fully 3D seamless open-world MMORPG that integrates elements of dark fantasy, and 'VALHALLA SURVIVAL,' a survival game that challenges players with new content. These products immerse players in rich narratives inspired by Norse mythology, offering high-quality graphics and engaging gameplay mechanics such as character growth and loot acquisition.
The company's games are designed for a diverse audience, primarily targeting markets in South Korea, North America, and Europe. For the year 2023, Lionheart Studio reported a revenue of KRW 90,638,430 and an EBITDA of KRW 32,561,259. 4 for the most recent year, reflecting the success of its direct-to-consumer revenue model, which includes in-game purchases and expansions. Lionheart Studio aims to expand its product offerings with new releases in the MMORPG genre, leveraging the recent KRW 754.
1 billion funding from Kakao Games to enhance game development capabilities. The company is actively looking to enter additional markets, with specific plans for expansion in North America and Europe by 2024. Recent funding will support the development of innovative gaming experiences that resonate with players globally.
Current Investors
WeMade Co., Ltd., Kakao Games
Primary Industry
Software
Sub Industries
Web Applications, Gaming, Digital Media
Website
www.lionhearts.co.kr
Verticals
Augmented Reality (AR), Mobile Apps
Total Amount Raised
Subscriber access only
Lionheart Studio - timeline of key events
Lionheart Studio - financials
| Fiscal Year Ended | Dec 31, 2020 | Dec 31, 2021 | Dec 31, 2022 | Dec 31, 2023 | Dec 31, 2024 | Dec 31, 2025 |
|---|---|---|---|---|---|---|
| Revenue (USD) | - | 232,584,684,858 | 201,808,835,603 | - | - | - |
| % Revenue Growth (YoY) | - | - | (13.2%) | - | - | - |
| EBITDA (USD) | (61,620,806,670) | 216,390,367,383 | 168,572,308,092 | - | - | - |
| Operating Income (USD) | (7,044,694,670) | 215,344,005,383 | 165,266,624,092 | - | - | - |
| Operating Margin | - | 92.6% | 81.9% | - | - | - |
| % EBITDA Margin | - | 93.0% | 83.5% | - | - | - |
| NET Income (USD) | (25,378,923,030) | (150,709,510,323) | 122,504,591,128 | - | - | - |
| % Net Margin | - | (64.8%) | 60.7% | - | - | - |
Lionheart Studio - employee data
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