MODHAUS just got more than 15M USD investment!

nice!

Korean source article:

‘해시드 투자’ 모드하우스, 210억원 규모 시리즈B 유치..올해 국내 단일 엔터기업 최대 - 한국정경신문

[한국정경신문=변동휘 기자] 케이팝 그룹 트리플에스와 아르테미스를 배출한 팬 참여형 엔터테인먼트 기업 모드하우스가 대규모 투자 유치에 성공했다.모드하우스는 국내 주요 벤처캐피털(VC)로부터 210억원 규모의 시리즈B 투자를 유치했다고 8일 밝혔다. 올해 국내 엔터테인먼트 업계에서 단일…

kpenews.com

Allkpop article:

MODHAUS raises over 21 billion KRW (~15.8 Million USD) in Series B investment

On August 8, MODHAUS, home to fan-participation-based K-pop groups tripleS and ARTMS, announced that it has secured a 21 billion KRW (~$15.8…

www.allkpop.com

More about it here:

tripleS’s full-length album ASSEMBLE25, released this past May, sold 510,000 copies in its first week. ARTMS has secured a strong overseas fandom through its world tour covering 28 cities worldwide. Cosmo has now reached 350,000 cumulative subscribers, issued 10 million digital photocards (“Objekts”), and recorded 150,000 monthly active users (MAU), with its platform scale continuing to grow steadily.

Jang Ki-hyun, manager at IMM Investment, explained the investment decision: “We highly evaluated Modhaus’s differentiated production capabilities and the scalability of its ecosystem centered around the fan-participation K-pop platform ‘Cosmo.’”
With this funding, Modhaus plans to accelerate the global expansion of its intellectual property (IP) and platform. On the 11th, the first unit of its boy group idntt will debut, further diversifying its IP portfolio.

CEO Jaden Jeong of Modhaus commented, “I believe we’ve been recognized for building a platform ecosystem where fandoms can directly participate in and contribute to the production of their favorite artists, creating a market we call the global ‘fan-dustry’ beyond K-pop.”
Founded in December 2021, Modhaus is jointly led by CEO Jaden Jeong and Vice CEO Joseph Baek. Jeong has spent 25 years in production at JYP Entertainment and Woollim Entertainment, discovering and developing numerous artists. Baek is the former Chief Operating Officer of Playlist and a former consultant at Bain & Company.

Quote from StanGIDLE

They had a comeback in June, it was solid. I assume they will have a tour next year