nWay is a game studio led by CEO Taehoon Kim that develops multiplayer mobile and cross-platform titles, including Power Rangers: Legacy Wars and ChronoBlade. Power Rangers: Legacy Wars was developed in collaboration with Saban Brands and Lionsgate. The company is based in San Francisco and maintains offices in Seoul, Korea. nWay intends to use the new funding to develop additional games and to accelerate the success of Power Rangers: Legacy Wars. The company announced expanded board representation from Lionsgate’s Peter Levin, Ridge Ventures’ Phil Sanderson and March Capital Partners’ Gregory Milken. The article reports nWay raised $11m in funding. nWay’s primary product is ChronoBlade, a multiplayer action title where inter-dimensional heroes battle to protect a multiverse. The team emphasizes cross-platform play across consoles, PCs and mobile, with Android and iOS launches planned for 2014 and a multiplayer mode imminent. The company has developed back-end technology designed to enable 60-frame-per-second synchronous multiplayer for low-latency, twitch-based gameplay. nWay is focused on retention over monetization so far; tests show players spending at least 30 minutes on average and monetization features are not yet enabled. The startup employs 34 people and is staffed by veterans with credits on Grand Theft Auto, Diablo II and Dead Space titles. The company is two years old and has raised about $11 million in total to date.

Total raised

$16M

Funding rounds

2

Latest round

Equity

Latest activity

Dec 2017