# Chaofan

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/chaofan

- Industry: Financial Services
- Headquarters: Beijing, China
- Website: www.leverfun.com
- Total disclosed funding: $4.9M
- Latest round: Angel (Jul 1, 2015)
- Investors on record: 3

## About

Chaofan is a digital streaming service that specializes in providing access to a diverse range of Chinese television dramas, movies, and series, connecting audiences with rich cultural content.Chaofan operates as a digital streaming platform focusing on Chinese entertainment content. The company is headquartered in Beijing, China. It successfully raised CNY 30 million in Angel funding on July 1, 2015, from investors including Future Capital Discovery Advisory (Hong Kong) Limited, Plum Ventures, and Source Code Capital. No notable pivots or parent-subsidiary relationships have been reported.The company primarily provides an extensive range of streaming content, focusing on Chinese television dramas, movies, and series, which are accessible to users through their online platform. Their core offerings include various genres, such as historical dramas, romantic series, and action-packed productions, catering to diverse audience preferences. The platform serves a broad client base, including individual consumers seeking entertainment and media content. Additionally, the company actively collaborates with various production houses to ensure a steady influx of new and popular titles, enhancing user engagement and retention. The geographical markets for their products predominantly include regions with significant Chinese-speaking populations, such as Southeast Asia, North America, and Europe, facilitating access to a wider audience.The company generates revenue through a subscription model, where users pay a regular fee to access a catalog of streaming content. Transactions occur directly between the firm and consumers, with customers subscribing to different tiers that provide varying levels of access to the content library, including exclusive or early-release materials. Specific pricing plans are structured to encourage both monthly and annual subscriptions, allowing for flexibility in user commitment. The firm’s flagship offerings include popular dramas and series that are heavily promoted on the platform, contributing to customer acquisition and retention. Revenue is bolstered by additional partnerships with advertising agencies, monetizing content through advertisements featured during streaming sessions.Chaofan plans to utilize the recent funding of CNY 30 million raised in July 2015 to expand its product offerings and improve its platform. Upcoming features include enhanced user experience tools and new content releases targeting the diverse preferences of its audience. The company aims to enter additional markets, specifically targeting Japanese and Korean audiences by 2024, leveraging the growing global interest in Asian entertainment. Additionally, the funding will support marketing initiatives to increase brand awareness in these new regions.

## Funding rounds

- Angel, Jul 1, 2015, $4.9M — Future Capital Discovery Advisory (Hong Kong) Limited, Source Code Capital, Plum Ventures

## Investors

- Future Capital Discovery Advisory (Hong Kong) Limited (https://capitalatlas.ai/funds/future-capital-discovery-advisory-hong-kong-limited) — Angel
- Source Code Capital (https://capitalatlas.ai/funds/source-code-capital) — Angel
- Plum Ventures (https://capitalatlas.ai/funds/plum-ventures) — Angel