Maharashtra Herald

Dillyhub secures $1.4 million seed funding from SV Investment, Kakao Ventures and Shinhan Capital as its user base grows to 200.000 registered accounts

 Breaking News
  • No posts were found

Dillyhub secures $1.4 million seed funding from SV Investment, Kakao Ventures and Shinhan Capital as its user base grows to 200.000 registered accounts

September 15
01:08 2020

Seoul, South Korea – Dillyhub, a fresh new South Korean startup that offers a publishing and monetisation platform for comic creators has announced today that it raised a total of $1.4 million seed funding from SV Investment, Kakao Ventures and Shinhan Capital. With the investment, Dillyhub will further grow and develop its fast growing proprietary technology platform and ready itself for global expansion.

“Dillyhub has quickly developed itself to the go-to platform for independent South Korean comic artists and we were surprised by how quickly they gained organic traction amongst fans,” said Shina Chung, CEO and partner at Kakao Ventures. “What Jin and her team have developed over the last two years is hugely impressive and we’re excited to help them in becoming a global market leader.”

“I am happy to have the opportunity to invest in an independent platform that is friendly to content creators worldwide”, said MinGoo Kang, Principal at SV Investments. “We see huge potential in Dillyhub’s global growth and we are excited to be a part of it.”

“With a profound presence and background within the IT sector, these investors are the ideal partners to scale our business activities and to fulfill our ambition to become a global player”, said Jin Park, CEO of Dillyhub. “We are excited to have a partner on board that not only provides us the capital to fulfill our dreams, but also offers their market expertise.”

Founded in 2018 in Seoul, Dillyhub has provided comic creators with a platform that allows them to self-publish and monetise content on their own terms, while retaining their independence and IP ownership. With 200.000 registered users, the Dillyhub platform gives indie creators unprecedented reach and monetisation options which will help them in their sustainability and growth.

One success story is that of content creator Dr. Gosari who published her comic “Paradise” through Dillyhub’s platform which became an overnight success and reaching $200.000 in sales within a few months of publishing. Since her success comic artists have broken free from the limitations that are now present in the market and turned to Dillyhub for freedom and better monetisation of their work.

While rapidly growing the domestic South Korean business, the company has already set up an Amsterdam subsidiary to lead Dillyhub’s global expansion. The Western Dillyhub platform is scheduled for a closed beta in Q4 2020.

About Dillyhub

Dillyhub is a service that promotes and facilitates the works of independent comic artists, while maximising their monetisation options. Through Dillyhub’s innovative proprietary technology it connects creators and fans, using intuitive ways to present and increase the discoverability of creative work. Dillyhub has offices in Seoul, South Korea and Amsterdam, the Netherlands.

PR contact:

E: [email protected]
T: +31 615 328 085

About Kakao Ventures

Kakao Ventures is one of the early-stage VCs in Korea, with a focus on everything mobile and software. Kakao Ventures specializes in helping entrepreneurs from super-early stages. They also provide startups with access to the tightly-knit “Kakao Ventures Family” of portfolio companies that share the sense of camaraderie and DNA of game-changers.

PR contact:

E: [email protected]
T: +82-31-806-0775

About SV investment

SV investment is the biggest independent VC firm in Korea that is not under a financial parent company. SV investment gained recognition as an early investor of the music label that created the K-pop sensation BTS. They provide services that include private equity and venture capital investments in companies at early, mid, and late venture stages and also private investments in public equities.

PR contact:

E: [email protected]
T: +82-2-3775-1020

Media Contact
Company Name: Dillyhub
Contact Person: Jin Park
Email: Send Email
Phone: +31615328085
Address:Westhove 41
City: Amstelveen
State: Noord Holland
Country: Netherlands
Website: www.dillyhub.com