Cumulative Investment Reaches 82.5 Billion KRW
Both Operating and Net Profits Turn Positive in 2024
Content platform Class101 announced on the 3rd that it received an investment of 3.5 billion KRW from Strong Ventures, a Los Angeles (LA)-based venture capital firm. This bridge investment follows a 15 billion KRW investment made last October, bringing the total cumulative investment to approximately 82.5 billion KRW. Strong Ventures, Class101’s first investor, has been a key partner participating in a total of six investments from the early growth stage to this latest round.
Class101 has grown into a leading domestic creator content platform with 6,000 online classes and 130,000 cumulative creators, achieving profitability in both operating profit and net profit in 2024.
With this new investment, Class101 plans to focus on ▲ enhancing creator home services such as developing items like coaching rights ▲ recruiting creators and strengthening content in key fields including economics, side jobs, art, crafts, and careers ▲ expanding corporate subscription services for employee training and welfare.
Baek Ki-hong, CEO of Strong Ventures, said, “Class101, which we have supported since its early growth stage, is opening new possibilities in the Creator Economy and has already undergone sufficient market validation. Through this investment, we hope Class101 will expand its collaboration with creators worldwide and further grow its content business beyond Korea.”
Gong Dae-seon, CEO of Class101, stated, “Since March last year, we have maintained continuous operating profit, improving financial soundness and establishing a stable growth foundation. With this investment, we will further support creators’ value creation and leap forward as the platform creators most want to collaborate with.”
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