Neptune Co., Ltd.
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Neptune Co., Ltd. - overview
Established
2012
Location
Seongnam, -, South Korea
Primary Industry
Software
About
Based in South Korea, Neptune Co. , Ltd. specializes in mobile game development and publishing, focusing on delivering engaging casual and mid-core gaming experiences to a diverse audience. Founded in 2012 in Seongnam, South Korea, Neptune Co.
, Ltd. develops mobile games and has successfully completed 10 deals, with their latest funding round being a PIPE raising KRW 193. 5 billion on June 18, 2015, with Kakao Games as an investor. The company was co-founded by Jasmine Daniel, Justin Yonan, and Wook Jung, with Yul-bin Kang serving as CEO.
Neptune Co. , Ltd. specializes in the development and publishing of mobile games, particularly casual and mid-core gaming experiences. Their flagship title, '고양이 오피스' (Cat Office), has accumulated over KRW 500 billion in revenue, with a substantial portion generated from international markets.
Additionally, Neptune provides ad tech services to over 160 partner companies, optimizing mobile advertising revenue and enhancing monetization strategies for game developers and app publishers. For the year 2024, Neptune Co. , Ltd. reported a revenue of KRW 18,722,174.
30, along with an EBITDA of KRW 3,131,390. 90. Their revenue model consists of direct-to-consumer sales for mobile games and B2B partnerships in ad tech, where they engage in revenue-sharing agreements with developers to optimize advertising placements. Neptune Co.
, Ltd. is actively working on new mobile game titles aimed for release in the near future. The company plans to expand into additional markets, specifically targeting regions in Southeast Asia by the end of 2025. The funds raised during the PIPE round will be utilized to support these initiatives, enhancing their product offerings and market reach.
Current Investors
SBI Investment Korea, Korea Investment Management, SNK Corporation
Primary Industry
Software
Sub Industries
Business Support Services, eMarketing/Digital Marketing, Gaming
Website
www.neptunegames.co.kr/
Verticals
AdTech, Mobile Apps
Total Amount Raised
Subscriber access only
Neptune Co., Ltd. - timeline of key events
Neptune Co., Ltd. - financials
| Fiscal Year Ended | Dec 31, 2015 | Dec 31, 2016 | Dec 31, 2017 | Dec 31, 2018 | Dec 31, 2019 | Dec 31, 2020 | Dec 31, 2021 | Dec 31, 2022 | Dec 31, 2023 | Dec 31, 2024 | Dec 31, 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (USD) | 10,001,137,939 | 18,335,549,106 | 20,528,449,753 | 18,174,242,898 | 18,037,054,228 | 19,639,704,057 | 20,287,078,208 | 29,467,097,300 | - | - | - |
| % Revenue Growth (YoY) | - | 83.3% | 12.0% | (11.5%) | (0.8%) | 8.9% | 3.3% | 45.3% | - | - | - |
| EBITDA (USD) | 3,143,640,201 | (3,118,451,720) | (6,406,333,836) | (16,034,522,537) | (7,669,235,968) | (6,984,416,963) | (22,003,285,113) | (24,610,567,109) | - | - | - |
| Operating Income (USD) | 2,845,792,321 | (3,118,451,720) | (8,615,886,394) | (18,370,835,015) | (10,119,370,230) | (8,671,673,084) | (24,607,375,445) | (28,668,824,982) | - | - | - |
| Operating Margin | 28.5% | (17.0%) | (42.0%) | (101.1%) | (56.1%) | (44.2%) | (121.3%) | (97.3%) | - | - | - |
| % EBITDA Margin | 31.4% | (17.0%) | (31.2%) | (88.2%) | (42.5%) | (35.6%) | (108.5%) | (83.5%) | - | - | - |
| NET Income (USD) | 2,852,880,930 | (3,993,818,567) | 32,090,780,899 | (36,924,774,267) | (20,788,822,659) | 43,838,745,368 | 69,768,277,215 | (170,489,310,627) | - | - | - |
| % Net Margin | 28.5% | (21.8%) | 156.3% | (203.2%) | (115.3%) | 223.2% | 343.9% | (578.6%) | - | - | - |
Neptune Co., Ltd. - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Add-on | Completed | EK GAMES | - | ||||||||
| PIPE | Completed | Neptune Co., Ltd. | - | ||||||||
| PIPE | Completed | Neptune Co., Ltd. | - | ||||||||
| PIPE | Completed | Neptune Co., Ltd. | - | ||||||||
| PIPE | Completed | Neptune Co., Ltd. | - |
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Neptune Co., Ltd. - employee data
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