Kigle, a South Korean company specializing in apps and videos based on kids’ character IPs, has secured a 2 billion KRW (approximately 1.56 million USD) Series A investment from Union Investment Partners and KC Investment Partners.

This brings Kigle’s total funding to 3.5 billion KRW (approximately 2.73 million USD), with Union Investment Partners participating in both the pre-Series A round in 2020 and the current Series A round.

Founded in 2015, Kigle initially focused on licensing external IPs such as Pororo, Tayo, and Robocar Poli. However, after securing pre-Series A investment in 2020, the company shifted its focus to its original character IP, Cocobi, and has since been expanding its global app and video business.

Yongsoo Kim, CEO of Kigle, stated, “Our initial investment allowed us to validate our hypothesis based on original characters. In 2023, we achieved double the revenue growth compared to the previous year, turning from a loss to a profit. Currently, over 80% of our revenue and exports come from the Cocobi IP.”

He added, “We plan to use the Series A investment to further strengthen Cocobi’s global business. We aim to quickly expand our revenue from last year’s 5 billion KRW (approximately 3.9 million USD) to 10 billion KRW (approximately 7.8 million USD). We will continue to strive to build a sustainably growing company.”