South Korean immersive media entertainment company dotmill secures 15.8 billion KRW in pre-IPO funding
Reading Time: 2 minutes
South Korean immersive media entertainment company, dotmill, has successfully secured 15.8 billion KRW in pre-IPO funding. The company intends to utilize this investment to go public on the KOSDAQ stock exchange during the first half of the upcoming year.
Mirae Asset Securities, the lead underwriter for dotmill’s IPO, spearheaded the pre-IPO round. Additionally, notable new investors, including Smilegate Investment, S&S Investment, Kiwoom Investment, Solidus Investment, SBA, and IBK Industrial Bank, have joined in. KDB Industrial Bank is also considering an investment of 3 billion KRW.
Established in 2015, dotmill specializes in developing and managing “midway theme parks” utilizing immersive media technologies like holograms, AR, VR, media servers, and AI. These “midway theme parks” are typically compact-scale attractions situated in urban areas. Presently, dotmill operates such parks in Jeju, Seoul, and Ansung, South Korea.
Notably, dotmill’s “Glow Safari” in Ansung, South Korea, has become a highly popular leisure destination in the Gyeonggi region, attracting over 1,500 visitors on average during weekends. In November, dotmill is set to inaugurate “Ice Jungle,” an immersive media theme park located in Phu Quoc, Vietnam, marking its entry into the global market.
Moreover, dotmill plans to launch a touring immersive media exhibition featuring renowned global artist IPs soon. The company is also in discussions with several foreign countries, including China and the United Arab Emirates, regarding licensing agreements for its theme parks. dotmill aims to establish multiple midway theme parks tailored to the unique characteristics of major cities worldwide.
- Planby Secures Pre-Seed Funding from 500 Global for AI Interior Design SaaS ‘HomiAi’
- ‘SILI ENERGY’ Raises Seed Funding for Battery Tech from Seoul Techno Holdings
- Babaground Secures Seed Funding for Wellness Service Targeting Women in Their 40s and 50s
- Mega Funding Boost for South Korean Startups in April 2024
- [Korean Startup Weekly News #16] T’order Raises Over KRW 30 Billion in Series B, Valued at KRW 300 Billion
- Korean Foundries Collaborate with MSS in Launching 2024 Fabless Challenge
- Floatic to Demonstrate the Most Efficient Warehouse Automation Solution at Automate 2024
- SURFF COMPANY Completes Seed Round, Enhances Maritime Logistics with Real-Time Rates
- Allmytour Secures KRW 1 Billion Bridge Round for Global Expansion, Enhanced Services
- Gyeonggi Province Hosts 2024 PlayX4: A Gaming Festival of Communication, Esports, and More
