Class101 Secures 15 Billion KRW Investment... Transition to 'Creator Platform'

Led by Silicon Valley VC Goodwater Capital
Major Participation from Existing Investors

Content platform Class101 announced on the 7th that it has secured an investment of 15 billion KRW. This round serves as a bridge following the previous Series B, bringing the total accumulated investment to approximately 79 billion KRW.

The investment was led by Goodwater Capital, a venture capital (VC) firm based in Silicon Valley, USA, with participation from existing investors Mirae Asset Venture Investment, Mirae Asset Capital, Strong Ventures, and SBVA. New investors including GoWith, Delight Investment, Prologue Ventures, and Puzzle Investment also joined. Notably, Goodwater Capital and Strong Ventures demonstrated their trust in Class101 by participating in four and six consecutive rounds of investment, respectively.

Marking its 9th anniversary this year, Class101 has focused on improving user experience since last year and successfully turned a monthly profit starting in March. This year, it is expected to achieve its first annual profit since its launch, with operating profits exceeding 2 billion KRW.

With this investment, Class101 plans to recruit a large number of creators and focus on enhancing its brand value as an "all-in-one creator content platform." Within the year, it will launch the "Creator Home," enabling creators not only to offer classes to subscribers but also to communicate and sell merchandise, thereby strengthening the bond between creators and classmates.

Gong Dae-seon, CEO of Class101, stated, "We will focus on incorporating the online spaces that creators in various fields need into the Class101 Creator Home service," adding, "We will do our best to communicate deeply with more classmates and maximize the learning effect."