Class101 Secures 16 Billion KRW in Series B Bridge Round Funding

Online class subscription platform Class101 (CEO Gong Daeseon) announced on the 9th that it has secured 16 billion KRW in a Series B bridge round of investment. Class101 explained that after the previous Series B investment, it continuously attracted interest from multiple investors and successfully completed this bridge round. The funds raised this time will be intensively used to enhance Class101’s unique subscription services.

This investment round involved global investors such as Goodwater Capital, known for investing in numerous unicorn companies, Maven Growth Partners, Korea Development Bank, and SoftBank Ventures.

In December last year, Class101 launched a global integrated subscription platform by unifying its services in Korea, the United States, and Japan. It offers over 5,300 classes across diverse fields including hobbies, career, money, and kids. After surpassing 150,000 paid subscribers, it reached the break-even point in September, marking the first anniversary of subscription conversion.

Gong Daeseon, CEO of Class101, said, "Following the monthly profitability turnaround in September and the Series B bridge investment, we will leverage these positive opportunities as a foundation to create more systematic and overwhelming growth for Class101," adding, "We will plan various distinctive activities unique to Class101 to further strengthen our market competitiveness."

This content was produced with the assistance of AI translation services.