The investment values Blank at around PLN 330 million (EUR 75 million).
Blank, noted for being founded by industry veterans including former employees of CD Projekt RED, is currently developing its debut game, tentatively called Rh+.
According to Puls Biznesu, the investment by Neowiz is seen as a strategic move to strengthen its global presence in the gaming industry.
Despite recent market challenges, such as low company valuations and difficulties in financing, Neowiz's move reflects confidence in Blank's potential, the Polish newspaper said.
Blank, which currently employs 16 people, is planning to expand its team.
The acquisition comes as the gaming industry faces subdued market conditions, with production often failing to meet expectations, Puls Biznesu reported.
(jh/gs)
Source: PAP, Puls Biznesu