When was Bluehole Studio founded?

Bluehole Studio was founded in 2007 and became a unicorn in 2017, reaching the milestone in 10 years. It raised its 1st funding round 7 years after its incorporation.

Where is Bluehole Studio located?

Bluehole Studio is headquartered in Seongnam-si, South Korea.

How many employees does Bluehole Studio have?

As of May 31, 2026, the latest employee count at Bluehole Studio is 20.

Is Bluehole Studio a funded company?

Bluehole Studio is a funded company, having raised a total of $13M across 2 funding rounds to date. The company's 1st funding round was a $13M Series B round, raised on Jun 25, 2014.

How much is Bluehole Studio worth?

The latest valuation of Bluehole Studio is $4.6B as of Sep 28, 2017.

When was the latest funding round of Bluehole Studio?

Bluehole Studio's latest funding was a Series C round on Aug 14, 2017, with participation from 1 investor.

Is Bluehole Studio a PC & Console Gaming company?

The primary sector of Bluehole Studio is PC & Console Gaming.

Where does Bluehole Studio rank among its competitors?

Bluehole Studio ranks 129th amongst 1214 active competitors, of which 124 are funded. It stands 5th in terms of total funding among its competitors. The most recent competitor to raise funding was Epic Games, which secured $1.5B in Feb, 2024.

Who are the top competitors of Bluehole Studio?

Bluehole Studio's top competitors include Krafton, Epic Games and WeMade Entertainment. Among them, Epic Games secured the most recent funding round in February, 2024.

Bluehole Studio - 2026 Company Profile, Team, Funding & Competitors

Sectors and market segments that Bluehole Studio operate in

Bluehole Studio serves in the Gaming market segments.The primary business model of Bluehole Studio is:

Gaming > PC & Console Gaming > ***** **** > ***** ******

Company Details

Bluehole Studio is a video game developer and publisher specializing in MMORPG. Has developed and released multiple fantasy MMORPG games including "PUBG", "TERA" and "Devilian". Games are available on Steam and PlayStation Store. It generates revenue through the freemium model.

Website: bluehole.net
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Key Metrics

Founded Year

2007

Location

Seongnam-si, South Korea

Stage

Series C

Total Funding

$13M in 2 rounds

Latest Funding Round

Series C, Aug 14, 2017, Undisclosed

Post Money Valuation

$4.6B as on Sep 28, 2017

Investors

Tencent & 11 more

Ranked

129^th among 1214 active competitors

Employee Count

20 as on May 31, 2026

Investment & Acquisitions

Delusion Studio & 1 more

Similar Companies

Krafton & 490 more

View Bluehole Studio's full profile

Bluehole Studio is associated with 1 legal entity given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
Krafton Co., Ltd. CIN: 220-87-45316 , South Korea, Active	Mar 25, 2007	$1B+ (As on Dec 31, 2025)	-	-

Bluehole Studio has raised a total funding of $13M over 2 rounds. Its first funding round was on Jun 25, 2014. Its latest funding round was a Series C round on Aug 14, 2017 for an undisclosed amount. 1 investor participated in its latest round. Bluehole Studio has 12 institutional investors.

Here is the list of recent funding rounds of Bluehole Studio:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Aug 14, 2017	Undisclosed	Series C	$4.6B	-	Tencent	-
Jun 25, 2014	$13M	Series B	-	-	Premier Partners, IMM Investment	-

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View details of Bluehole Studio's funding rounds and investors

The founders of Bluehole Studio is Chang Byung gyu.

Here are the details of Bluehole Studio's key team members:

Chang Byung gyu: Founder of Bluehole Studio.

View details of Bluehole Studio's Founder profiles and Board Members

Bluehole Studio's employee count trend

Bluehole Studio has 20 employees as of May 26. Here is Bluehole Studio's employee count trend over the years:

Employee count trend for Bluehole Studio

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Top competitors of Bluehole Studio include Krafton, Epic Games and WeMade Entertainment. Here is the list of Top 10 competitors of Bluehole Studio, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Krafton 2007, Seoul (South Korea), Public	Provider of online games	$35M	IMM Investment, Tencent & 14 others	83/100
2nd	Epic Games 1991, Cary (United States), Series F	Digital distribution platform for desktop PC games	$8.13B	Sony, Fidelity Investments & 80 others	83/100
3rd	WeMade Entertainment 2000, Seoul (South Korea), Public	Video game developer focusing on MMORPGs	-	Microsoft, SkyLake Investment & 3 others	75/100
4th	Riot Games 2006, San Francisco (United States), Acquired	Developer of online multiplayer games and related entertainment content	$15M	TriplePoint Capital, Benchmark & 3 others	73/100
5th	Valve 1996, Bellevue (United States), Funding Raised	Developer of games, a digital distribution platform, and related hardware	-	Taicca, Sierra & 1 others	73/100
6th	Blizzard Entertainment 1994, Irvine (United States), Unfunded	Developer of online games across multiple platforms and game genres	-	-	72/100
7th	Electronic Arts 1982, Redwood City (United States), Acquired	Developer of interactive entertainment software, games, and online content	-	TCV, Glynn Capital & 9 others	72/100
8th	Codemasters 1986, Southam (United Kingdom), Acquired	Video game developer specializing in core games	$98.6M	Goldman Sachs, Swedbank Robur & 7 others	70/100
9th	Gamigo 2000, Hamburg (Germany), Acquired	Provider of free-to-play massively multiplayer online role-playing games and browser games	-	-	70/100
10th	NetEase Games 1997, Guangzhou (China), Funding Raised	Developer of multi-platform games across various genres and gaming experiences	-	GreenHills Ventures, Bloom8 & 1 others	70/100
129th	Bluehole Studio 2007, Seongnam-si (South Korea), Series C	Video game developer specializing in MMORPG	$13M	Kolon Investments, JKL Partners & 10 others	45/100