Shiftup

About

Shiftup is a game design and development studio that engages in game production and promotional video and music production.

Seocho,Seoul-t'ukpyolsi,South Korea
101 - 250
http://www.shiftup.co.kr

Highlights

Details

Last Funding Type: Private Equity（PE）
Industries: Gamification,Information Technology,Music,Online Games,Video Games
Founded date: Dec 2, 2013
Number Of Employee: 101 - 250
Operating Status: Active
Legal Name: Shiftup Co.
Also Known As: 시프트업

Shift up is a game design and development studio that engages in game production and promotional video and music production.

Shiftup was established in 2013 by art director Kim Hyeong-tae.

Funding Rounds

Number of Funding Rounds

Total Funding Amount

4

₩30B

Shiftup has raised a total of ₩30B in funding over 2 rounds. Their latest funding was raised on Dec 16, 2022 from a Private Equity（PE） round.

Announced Date	Round	Money Raised	Number of Investors	Lead Investors	Post Valuation
Dec 16, 2022	Private Equity（PE）	—	1	Tencent	—	Detail
Jul 10, 2022	Secondary Market	—	2	IMM Investment Smilegate Investment	—	Detail
Sep 1, 2020	Series Unknown	—	1	LINE FRIENDS	—	Detail
Jul 19, 2016	Series Unknown	₩30B	2	Kakao Corp Kakao Ventures	—	Detail

Investments

Number of Investments

Number of Lead Investments

3

0

Shiftup has made 3 investments. Their most recent investment was on Aug 5, 2021, when Cent raised $3M.

Date Company Name	Round	Money Raised	Industry	Lead Investor
Aug 5, 2021 Cent	Seed	$3M	Blockchain	—
Sep 1, 2018 Bluecoat	Series A	$20M	Blockchain	—
Jul 11, 2018 Penrose Studios	Series A	$10M	Augmented Reality	—

Investors

Number of Lead Investors

Number of Investors

6

Shiftup is funded by 6 investors. Tencent and IMM Investment are the most recent investors.

Investor Name	Lead Investor	Funding Round
Tencent	Yes	Private Equity（PE）
IMM Investment	Yes	Secondary Market
Smilegate Investment	Yes	Secondary Market
LINE FRIENDS	Yes	Series Unknown
Kakao Corp	Yes	Series Unknown
Kakao Ventures	Yes	Series Unknown