Investment vehicle Discovery Nusantara Capital (DNC) continues its game-focussed funding feast in Indonesia, already scoring three deals not long after it launched its $10 million funds late last year. An online news portal for gaming, geek culture, and gadgets Duniaku.net today announced that it has raised a seed funding round from DNC.
The online news startups said it will use the funding to expand its operations, to become the “leading game, geek culture, and gadget media” in Southeast Asia. The portal also aims to support the different subsectors in Indonesia’s gaming industry, from game app development, comic, animation, films and e-sport.
Founded in 2010 as a print magazine, Duniaku.net and its sites will now be operating under PT Inspirasi Dunia Media (IDEA Network). Currently, Duniaku.net boasts 39 million readers each year.
Indonesian game developers have only been able to capture less than five percent of total market value, according to a joint research by Duniaku.net and the Indonesian Creative Economy Agency (BEKRAF).
This is the opportunity that DNC Capital wants to grab. The investment unit, which was formed by China’s Zhexin IT Co, has invested in several Indonesian gaming startups in the past few months. Earlier in March, it invested an undisclosed amount in local e-sports media RevivaLTV (Revival), following an investment into indie game developer studio Toge Productions.
Last year, DNC also invested in Indonesian mobile game developer Touchten, which is known for games such as Target Acquired, Warung Chain: Go Food Express, and Rapstronaut. It participated in a series D funding round for Touchten along with other Chinese investors.