Kakao Entertainment operates storytelling platforms (web novels and webtoons), music streaming, K-pop artist management, and other media businesses including movies and TV series. The company says it has 100,000 storytelling creators and has built webtoon platforms in South Korea and the U.S. It acquired U.S.-based storytelling platforms Tapas, Radish, and Wuxiaworld in 2021. Founded in March 2021 by merging Kakao Page and Kakao M, the firm is pushing international expansion with a particular emphasis on North America. With the latest financing, Kakao Entertainment plans to accelerate investments and acquisitions and extend its storytelling content and IP globally. The company also intends to seek opportunities to turn popular webtoons and web novels into movies or TV series.

Total raised

$964M

Funding rounds

1

Latest round

Equity

Latest activity

Jan 2023