Singapore's Affirma Capital invests $38m in U.S. 'webtoon' company

Terapin Studios will use funds to buy South Korean digital comic platform

20220802 Affirma capital and Terapin studios

Private equity company Affirma Capital has invested nearly $40 million in U.S.-based digital content producer Terapin Studios. (Source photos by screenshot from Affirma capital and Terapin studios websites)

MARS W. MOSQUEDA JR., DealStreetAsia

August 2, 2022 12:57 JST

CEBU, Philippines -- Singapore private equity company Affirma Capital said that it has pumped $38 million into U.S.-based digital content producer Terapin Studios.