Ubitus, a Taiwan-based provider of online gaming services, has raised $15m from a consortium including Korea-based conglomerate Samsung’s corporate venturing unit.
The other investors alongside Samsung Venture Investment Corporation were undisclosed beyond being “multiple international leading investors”.
In April 2010, NTT Investment Partners, a corporate venturing unit of the Japan-based phone operator Nippon Telegraph and Telephone, made a $2m equity investment in Ubitus after the companies entered a strategic alliance the year before.
Samsung said it would support Ubitus in streaming games, “especially in the TV market” after the two companies had a partnership from 2009 for its games to be pre-loaded onto Samsung phones in Latin America.
Wesley Kuo, chief executive of Ubitus, said: “We are delighted that leading investors like Samsung Ventures shares Ubitus’ conviction that making video games playing as accessible as the movie and music streaming services nowadays can forever change the way people enjoy games in the past 20 years.”