About Corona Labs
Corona Labs is a company based in Palo Alto (United States) founded in 2008 was acquired by Appodeal in March 2017.. Corona Labs has raised $4.75 million across 4 funding rounds from investors including Western Technology Investment, Perk and Appodeal. Corona Labs has completed 1 acquisition, including Game Minion. Corona Labs offers products and services including Corona Engine, Plugins, and Marketplace. Corona Labs operates in a competitive market with competitors including Epic Games, Unity, Rec Room, Animoca Brands and Playco, among others.
- Headquarter Palo Alto, United States
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Sectors
Media & Entertainment
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Phone
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Website
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Social
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- Legal Name Corona Labs Inc.
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$4.75 M (USD)
in 4 rounds
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Latest Funding Round
$750 K (USD), Debt – Venture
Nov 13, 2012
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Investors
Western Technology Investment
& 3 more
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Employee Count
Employee Count
- Investments & Acquisitions
- Acquired by
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Products & Services of Corona Labs
Corona Labs offers a comprehensive portfolio of products and services, including Corona Engine, Plugins, and Marketplace. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
A framework for building cross-platform 2D apps and games efficiently.
Add-ons that enhance core functionality for various development needs.
Platform for distributing assets and templates for app development.
Funding Insights of Corona Labs
Corona Labs has successfully raised a total of $4.75M across 4 strategic funding rounds. The most recent funding activity was a Debt – Venture round of $750 thousand completed in November 2012. 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 4
- Last Round Debt – Venture — $750,000
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First Round
First Round
(01 Dec 2009)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Nov, 2012 | Amount | Seed - Corona Labs | Valuation | Western Technology Investment | |
| Nov, 2012 | Amount | Series A - Corona Labs | Valuation |
investors |
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| Nov, 2012 | Amount | Debt – Venture - Corona Labs | 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 Corona Labs
Corona Labs has secured backing from 4 investors, including venture fund investors. Prominent investors backing the company include Western Technology Investment, Perk and Appodeal. 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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Venture debt is provided globally across multiple sectors.
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Founded Year | Domain | Location | |
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Seed and early-stage tech investments are made in the US.
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Founded Year | Domain | Location | |
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Mobile ad mediation and SSP services are offered to publishers.
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Founded Year | Domain | Location |
| 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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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Corona Labs
Corona Labs has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Game Minion. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| 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 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Offers reviews and strategies for applications, games, and online slots platforms.
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2012 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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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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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Corona Labs
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| 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 |
Corona Labs Comparisons
Competitors of Corona Labs
Corona Labs 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 Epic Games, Unity, Rec Room, Animoca Brands and Playco, 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 |
Provider of cross-platform game engine technology
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| domain | founded_year | HQ Location |
Unity is recognized as a leading real-time development platform.
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| domain | founded_year | HQ Location |
Tools for creating and playing games are provided without coding.
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| domain | founded_year | HQ Location |
Blockchain-based PC and mobile games are developed and published.
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| domain | founded_year | HQ Location |
Developer of social web games for PC and console
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| domain | founded_year | HQ Location |
Blockchain infrastructure for NFT games and applications is developed.
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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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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
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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Latest news on Corona Labs
Frequently Asked Questions about Corona Labs
When was Corona Labs founded?
Corona Labs was founded in 2008 and raised its 1st funding round 1 year after it was founded.
Where is Corona Labs located?
Corona Labs is headquartered in Palo Alto, United States. It is registered at Palo Alto, California, United States.
Is Corona Labs a funded company?
Corona Labs is a funded company, having raised a total of $4.75M across 4 funding rounds to date. The company's 1st funding round was a Seed of $2.5M, raised on Dec 01, 2009.
What does Corona Labs do?
Corona Labs was founded in 2008 in Palo Alto, United States, as a provider of cross-platform mobile development frameworks. Applications and games are built for iOS, Android, NOOK, and Kindle Fire using a single codebase. Services target businesses and enterprises, with an enterprise edition enabling customization of the engine to specific needs within the software development sector.
Who are the top competitors of Corona Labs?
Corona Labs's top competitors include Epic Games, Animoca Brands and Unity.
What products or services does Corona Labs offer?
Corona Labs offers Corona Engine, Plugins, and Marketplace.
How many acquisitions has Corona Labs made?
Corona Labs has made 1 acquisition, including Game Minion.
Who are Corona Labs's investors?
Corona Labs has 4 investors. Key investors include Western Technology Investment, Perk, Appodeal, and Merus Capital.