# 72 Seconds

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/72-seconds

- Industry: Media
- Headquarters: Seoul, South Korea
- Website: www.72sectv.com
- Total disclosed funding: $1.7M
- Latest round: Series A (Mar 1, 2017)
- Investors on record: 3

## About

Based in South Korea, 72 Seconds is a digital studio acclaimed for its innovative content creation, focusing on original digital media that captivates audiences and challenges conventional storytelling.Founded in 2015 in Seoul, South Korea, 72 Seconds specializes in the production of digital content. The company has successfully raised KRW 2 billion in a Series B funding round in May 2018, with Naver as a significant investor. CEO Chiehwan Sung leads the firm, which has completed a total of 3 deals to date, reflecting a commitment to growth in the digital media landscape.72 Seconds is a digital studio specializing in innovative content creation, particularly recognized for its development of platform originals, digital formats, and ready-made content. The company focuses on producing unique digital media that challenges conventional narratives and engages viewers with fresh perspectives. Their flagship offerings include award-winning series such as '72 Seconds Drama' and 'dxyz,' which have garnered international acclaim, exemplifying their commitment to quality and creativity in digital storytelling. The studio serves a diverse client base across various global markets, having gained viewership in regions such as North America, Europe, and Asia. By leveraging contemporary themes and engaging storytelling techniques, 72 Seconds aims to connect with a wide range of audiences and fulfill their desire for innovative entertainment options.In 2016, 72 Seconds reported a revenue of KRW 1,764,173.20. The company generates revenue through direct partnerships and collaborations in the digital content space, focusing on B2B relationships with streaming platforms and media outlets. The firm's Emmy-nominated series represent significant contributions to its revenue streams, attracting interest from both regional and international partners seeking high-quality digital entertainment.In May 2018, 72 Seconds raised KRW 2 billion in Series B funding from Naver, which will be utilized to enhance content production and distribution. The company is strategizing to expand its offerings with new products targeting diverse markets, particularly focusing on North America and Europe by 2023. This funding will support collaborations with Naver in producing and distributing innovative digital content.

## Funding rounds

- Series A, Mar 1, 2017, $1.7M — Michigan Venture Capital, CJ Investment, Capital One

## Investors

- Michigan Venture Capital (https://capitalatlas.ai/funds/michigan-venture-capital) — Series A
- CJ Investment (https://capitalatlas.ai/funds/cj-investment) — Series A
- Capital One (https://capitalatlas.ai/funds/capital-one) — Series A