About 5minlab
5minlab is a company based in Seoul (South Korea) founded in 2013 by Moonhyoung Park was acquired by Krafton in February 2022.. 5minlab has raised $5.31 million across 2 funding rounds from investors including Krafton, LINE Games and Aju IB Investment. 5minlab operates in a competitive market with competitors including Zynga, Rovio, Scopely, Animoca Brands and Electronic Arts, among others.
- Headquarter Seoul, South Korea
- Founders Moonhyoung Park
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Sectors
Media & EntertainmentTechnology
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Email
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Phone
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Website
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Social
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Funding Insights of 5minlab
5minlab has successfully raised a total of $5.31M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $5.31 million completed in October 2020. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 2
- Last Round Series A — $5.3M
- First Round First Round
- Investors Count 4
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Oct, 2020 | Amount | Series A - 5minlab | Valuation |
investors |
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| Sep, 2019 | Amount | Seed - 5minlab | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in 5minlab
5minlab has secured backing from 5 investors, including institutional and venture fund investors. Prominent investors backing the company include Krafton, LINE Games and Aju IB Investment. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Diversified investment, VC & financial advisory firm
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Operates as a sector-agnostic accelerator for startups.
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| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Venture capital is directed toward companies in multiple sectors.
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Investments & Acquisitions by 5minlab
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - 5minlab
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
5Minlab Comparisons
Competitors of 5minlab
5minlab operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Zynga, Rovio, Scopely, Animoca Brands and Electronic Arts, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Casual games developer and publisher for mobile and web platforms
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Mobile game developer specializing in casual games
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Casual mobile games are developed, published, and operated across platforms.
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Blockchain-based PC and mobile games are developed and published.
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| domain | founded_year | HQ Location |
Video game developers focused on core games
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Mobile games are developed and published by Jam City.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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On-demand services are booked through an app-based platform.
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App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about 5minlab
When was 5minlab founded?
5minlab was founded in 2013 and raised its 1st funding round 6 years after it was founded.
Where is 5minlab located?
5minlab is headquartered in Seoul, South Korea.
Who is the current CEO of 5minlab?
Moonhyoung Park is the current CEO of 5minlab. They have also founded this company.
Is 5minlab a funded company?
5minlab is a funded company, having raised a total of $5.31M across 2 funding rounds to date.
What does 5minlab do?
5minlab was founded in 2013 in Seoul, South Korea, as a studio focused on casual and VR game development. Titles such as Express Thru, Baam Squad, Brickscape, and Toy Clash have been created, encompassing arcade, puzzle, MMO, and role-playing genres. These games are distributed across Android, iOS, Amazon Play Store, Microsoft Windows, Steam, and Playstation VR. Revenue is obtained via in-app purchases.
Who are the top competitors of 5minlab?
Who are 5minlab's investors?
5minlab has 5 investors. Key investors include Krafton, LINE Games, Aju IB Investment, Korea Credit Guarantee Fund, and HYK Partners.
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