Kabam

Vancouver, BC, Canada Video Game & Gaming Acquired

Kabam is a mobile gaming developer and publisher founded in 2006 as Watercooler, Inc., renamed to Kabam in 2010. The company specialized in developing free-to-play mobile games for various platforms. Key titles include Kingdoms of Camelot (Facebook, 2009) and Marvel Contest of Champions. Kabam was acquired by South Korean publisher Netmarble Games in December 2016 for $800 million and operates as a wholly-owned subsidiary.

Acquired

Kabam has been acquired

Acquired by Netmarble Games December 19, 2016 $800M

This company is no longer available on our private secondary market.

Overview

Company data and valuation marks are estimates and may be incomplete, stale, erroneous, or revised.

Founded

2006

Total Funding

$255M

4 rounds

Latest Valuation

$1B

August 2014

Funding

Total raised $255M across 4 rounds

Funding data and valuation marks are estimates and may be incomplete, stale, erroneous, or revised.

Last updated 06-25-2026

Latest Round

Type

Series F (Alibaba)

Date

August 2014

Amount

$120M

Valuation

$1B

Lead Investors

Alibaba Group
DateRoundAmount RaisedValuationLead Investors
August 2014 Series F (Alibaba) $120M $1B Alibaba Group
2013 Series E $50M SK Telecom
2011 Series D (Google) $85M Google Ventures

Leadership

  • Holly Liu

    Co-founder

  • Kevin Chou

    Co-founder

  • Wayne Chan

    Co-founder

  • Michael Li

    Co-founder

  • Seungwon Lee

    CEO

Competitors

Competitor list is illustrative and may be incomplete, stale, or erroneous.

  • King Digital Entertainment

    Mobile gaming publisher, developer of Candy Crush Saga.

  • Scopely

    Mobile gaming developer specializing in licensed games.

  • Zynga

    Mobile and social game developer, acquired by Take-Two Interactive in 2022.

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Data collected with AI, which can make mistakes. Please double-check this information.