# SmileGate

> SmileGate is a VC fund in Seongnam backing Gaming and FinTech. See 11 investments, round sizes, portfolio and contact details. Updated Oct 2026.

- Type: VC Fund
- Location: Seongnam, South Korea
- Total investments: 11
- Last investment: Feb 2026
- Lead investor: 55%
- Last updated: Oct 2026
- LinkedIn: https://www.linkedin.com/company/smilegate
- Website: http://smilegate.com

SmileGate is an online game development company known for its FPS (first-person shooter) title 'CrossFire.'

## Contacts

5 contacts available for SmileGate. Shizune tracks 1 team members at SmileGate. Sign up free to unlock them: https://app.shizune.co/sign-up/investor-profiles/find-team-emails/smilegate?utm_source=investor_profile

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| Gaming | 3 | 27% |
| FinTech | 3 | 27% |
| Video Games | 3 | 27% |
| Financial Services | 3 | 27% |
| Media and Entertainment | 3 | 27% |

33 industries tracked in total.

### Stage

| Stage | Investments | Share |
| --- | --- | --- |
| Series A | 3 | 27% |
| Series B | 2 | 18% |
| Corporate Round | 2 | 18% |
| Seed | 1 | 9% |
| Series E | 1 | 9% |

7 stages tracked in total.

### Country

| Country | Investments | Share |
| --- | --- | --- |
| South Korea | 4 | 36% |
| United States | 3 | 27% |
| India | 1 | 9% |
| Israel | 1 | 9% |
| Sweden | 1 | 9% |

## Team

| Name | Title | Investments | Profile |
| --- | --- | --- | --- |
| Kwon Hyuk Bin | Founder, Chief Executive Officer & Chairman of the Board of Directors | 0 | https://shizune.co/investors/profile/kwon-hyuk-bin |

## Investments

| Company | Description | Round size | Stage | Date | Website |
| --- | --- | --- | --- | --- | --- |
| True Balance | True Balance is a digital wallet owned and operated by Balancehero India Private Limited (BHI), that enables users to access utility bill payment, loan recharge, insurance, and other financial products. With 70 million users, True Balance aims to serve India with utility payments financial platform for the unbanked users to serve their money forliving requirements. Affinit is a non-banking financial company (NBFC) licensed by the Reserve Bank of India (RBI), provides digital financial services through TrueBalance.It was launched in 2014 by Mr. Charlie Lee as CEO, an alumnus of the University of Chicago. | $21.9M | Series E | Feb 10, 2026 | http://truebalance.io |
| Appcharge | Appcharge offers a platform that enables mobile game publishers to sell virtual items directly to their players. It facilitates the creation of branded web stores, supports global payment processing, and enables gamified promotional experiences. The platform includes tools such as customizable subscription plans and trials, secure and localizedcheckout flows, iOS payment links, and game portals for exclusive player content. Appcharge also supports alternative distribution models like Android sideloading and provides publisher-facing tools for A/B testing, analytics, and offer segmentation via dashboard and APIs. | $58M | Series B | Aug 13, 2025 | https://appcharge.com |
| Absurd Ventures | Absurd Ventures is an entertainment firm that creates new intellectual property across various channels. Absurd Ventures' original properties include the sci-fi thriller universe "A Better Paradise" and the crime fiction universe "American Caper," the characters, stories, and lore of which are currently being produced anddeveloped for video games, live-action and animated TV and film, fiction podcasts, books, comic books, and other media. The firm has already published a successful audio fiction series set in the "A Better Paradise" setting and will release an American Caper comics series in 2025. |  | Corporate Round | Dec 03, 2024 | https://www.absurdventures.com/ |
| VCAT.AI | VCAT.AI is a business-to-business (B2B) subscription software (SaaS) based on AI technology. Create mass marketing creatives as video and banner images just with an product URL or TEXT. | $8M | Series A | Apr 04, 2023 | https://vcat.ai/ |
| Quantit | Quantit is a fintech company that develops and operates AI platform solutions for investment and automatic management of securities and digital assets. Quanta intends to lead the ' digitization of the capital market & capitalization of the digital asset market, which is rapidly taking place recently through the platform. | $22.8M | Series A | Mar 07, 2023 | https://www.quantit.io |
| Postcard Game Studio | Postcard Game Studio is an independent developer and publisher of video games for all major platforms. | $3.5M | Seed | Mar 08, 2022 | https://postcardgamestudio.com/ |
| That's No Moon | That's No Moon is a content creation company that provides products and services for the entertainment industry. | $100M | Corporate Round | Jul 28, 2021 | http://www.thatsnomoon.com/ |
| Fount | Fount Inc. Is an asset management Robo-Advisor startup founded in 2015. Their investing algorithm based on BigData Technology helps you plan for every event of your life. fount team believes in passive investing, which takes the right level of risk for your goal's time horizon, and allows their advanced computer algorithms do all the work. | $12.2M | Series B | May 26, 2020 | http://fount.co |
| Starbreeze Entertainment | Starbreeze is an independent developer, publisher and distributor of PC and console games targeting the global market, with studios in Stockholm, Barcelona, Paris and London. Housing the smash hit IP PAYDAY, Starbreeze develops games based on proprietary and third-party rights, both in-house and in partnership with external game developers.Starbreeze shares are listed on Nasdaq Stockholm. | $40M | Venture - Series Unknown | Jan 21, 2016 | http://starbreeze.com/ |
| Casual Steps | Casual Steps provides Snapshop, the easiest cross-border shopping ever. Initially serves Koreans buying fashion products from US. | $1.4M | Series A | Nov 06, 2014 | http://www.casualsteps.com |

10 of 11 investments shown.

## Co-investors
- [IVP](https://shizune.co/investors/profile/institutional-venture-partners) — VC Fund, 3 deals together
- [Big Move Ventures](https://shizune.co/investors/profile/big-move-ventures) — VC Fund, 1 deal together
- [BITKRAFT Ventures](https://shizune.co/investors/profile/bitkraft-ventures) — VC Fund, 1 deal together
- [Bokwang Investment](https://shizune.co/investors/profile/bokwang-investment) — VC Fund, 1 deal together
- [Capstone Partners](https://shizune.co/investors/profile/capstone-partners-korea) — VC Fund, 1 deal together
- [Corundum Innovation](https://shizune.co/investors/profile/corundum-innovation) — VC Fund, 1 deal together

## Similar investors

### Similar industry
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### Similar stage
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### Similar country
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## FAQ

### What does SmileGate invest in?

SmileGate invests primarily in Gaming, FinTech and Video Games startups, most often at Series A and Series B stage. Most of the 11 investments tracked by Shizune back companies in South Korea. The Investment Focus section breaks down every industry, stage and country in the portfolio.

### How do I contact SmileGate?

Public channels for SmileGate include LinkedIn and the website linked on this profile. For a verified work email and phone number, create a free Shizune account — contact data is searched across 20+ sources and validated before delivery, so your outreach lands in the right inbox.

### Who are the partners at SmileGate?

The team at SmileGate includes Kwon Hyuk Bin (Founder, Chief Executive Officer & Chairman of the Board of Directors). The Team section lists each member with their title, investment count and links.

### Is Shizune's investor data accurate?

Yes — every stat on this profile is calculated from confirmed public funding rounds monitored across hundreds of sources since 2020. This profile was last refreshed in Oct 2026 and is updated monthly. Spotted something off? Use the “Suggest an edit” link near the top of the page.

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