# Daily Byte

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/daily-byte

- Industry: Media
- Headquarters: Seoul, South Korea
- Website: www.mydailybyte.com
- Latest round: Seed (Jul 1, 2023)
- Investors on record: 2

## About

Daily Byte is a South Korean company that specializes in providing digital content and analytics services, focusing on economic news and market insights to enhance financial literacy among its subscribers.Founded in 2022 in Seoul, South Korea, Daily Byte delivers economic updates through its flagship product, DAILY BYTE. The company has completed 2 deals, with its most recent deal occurring on July 1, 2023. The company is led by CEO Neeraj Gunsagar, and was founded by Ryan Vanalstine.BYTE+ and DAILY BYTE primarily offer digital content and analytics services that focus on delivering economic news and market insights to their subscribers. Their flagship product, DAILY BYTE, is designed to provide users with concise and accessible economic updates, intended for daily consumption, thereby facilitating informed decision-making in personal and professional contexts. This service is particularly aimed at individuals seeking to enhance their financial literacy in a digestible format, with a focus on the South Korean market as well as broader economic trends affecting global markets. Additionally, BYTE+ caters to a diverse clientele that includes retail investors, corporate clients, and financial professionals, all of whom rely on the timely information and analytics delivered through these platforms. The services are accessible via subscription, serving users primarily in South Korea and extending to international markets where interest in Korean economic developments exists.The company generates revenue through subscription-based models for its DAILY BYTE newsletter and related content offerings. Subscribers pay a fee to receive daily economic updates, which are distributed via email every weekday morning. The transaction structure is direct-to-consumer, allowing customers to sign up online for various subscription plans based on their needs. The pricing structure varies depending on the package selected, with options designed to cater to both individual users and corporate subscribers seeking comprehensive market insights. This approach ensures a steady revenue stream as users engage with the content and value the service for its informed perspectives on market movements, economic policies, and other pertinent financial news.In July 2023, Daily Byte raised an undisclosed amount in a Seed funding round from new investor Korea Tech Incubator for Startup, with participation from returning investor Seoul Technology Holdings. The funding will be utilized to develop a next-generation financial information platform based on generative AI technology, aiming to enhance their service offerings. The company also plans to expand its reach into new markets, specifically targeting international markets interested in Korean economic developments.

## Funding rounds

- Seed, Jul 1, 2023 — Korea Tech Incubator for Startup, Seoul Technology Holdings
- Seed, Jul 7, 2022 — Seoul Technology Holdings

## Investors

- Seoul Technology Holdings (https://capitalatlas.ai/funds/seoul-technology-holdings) — Seed
- Korea Tech Incubator for Startup — Seed