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Shift Up

Consumer Services · Seoul, South Korea · Founded 2013 · IPO 2024

A game design and development studio that engages in game production and promotional video and music production MoreLess

Shift Up Co., Ltd. is a South Korean video game developer and publisher founded in 2013 by the acclaimed game designer and illustrator Kim Hyung-tae, creator of the Blade & Soul artwork. The studio, headquartered in Seoul, is best known for developing the action-adventure game Stellar Blade (2024) and the hit live-service mobile shooter Goddess of Victory: Nikke, published by its strategic shareholder Tencent. Shift Up began as a console-focused developer, releasing its first title, Destiny's Child, in 2016, before pivoting to mobile and high-fidelity console games. In 2023 the company became Sony Interactive Entertainment's first Korean second-party developer. In July 2024 Shift Up completed its initial public offering on the KOSPI market in Seoul, raising around US$300 million in one of South Korea's largest game IPOs in years. The company's commercial success, driven by Nikke's global revenue, funded a major expansion of its workforce and development pipeline, with Stellar Blade recognised for its technical quality and strong global sales. Shift Up continues to develop new IP across console, PC and mobile platforms, targeting a global audience with premium production values.

Valuation $1.43B
Revenue $100–500M
EBITDA $178M

Talent graph

Shift Up's talent

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Team profiled 4 named & role-tagged
Founders Hidden — book a demo/100 quality score
Key operators 2 quality Hidden — book a demo/100
Potential founders Hidden — book a demo likely future founders
Startup mafia Hidden — book a demo alumni-founded startups
Talent movements Hidden — book a demo in · Hidden — book a demo out past 12 months

Source: Dealroom Talent Intelligence.

Investors

5 investors on Shift Up's cap table

Sourced from Dealroom's funding history. Investor profile links are shown where available.

Series B+ 5 investors entered at this stage
Kakao Corp
Kakao Ventures
SmileGate Investment
IMM Investment
Tencent

Global footprint

Where Shift Up has talent and traffic

Workforce by country
2 countries with
team presence
🇰🇷 South Korea95.7%
🇯🇵 Japan2.2%
2 countries shown
Web traffic by country
82K monthly visits
across markets
🏳️ Korea31.1%
🏳️ Republic of12.6%
🇺🇸 United States4.5%
🇦🇺 Australia4.5%
🏳️ Russian Federation3.5%
Top 5 markets shown

Patent intelligence

$7k patent portfolio · 2 active families

Estimated portfolio value
$7k
<0.01% of market cap · 11151.6× smaller than top peer MIXI ($78M)
2 active patent families

Source: Dealroom Patent Intelligence · Patsnap. Request a demo for the full per-sub-category breakdown, individual records, and quality-score history.

Market sentiment

What the market is saying about Shift Up

An AI-synthesized read of the highest-engagement posts about Shift Up on X over the past 7 days. We rank by likes & retweets, ignore corporate channels, and surface the themes that broke out from real people.

Reading the room on X — pulling top posts and synthesizing themes…

Source: X recent search ranked by engagement (likes + retweets) · Synthesis by Claude · Cached for 1 hour

See Shift Up on the full Dealroom platform

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