# Midu Novel

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/midu-novel

- Industry: Media
- Headquarters: Shanghai, China
- Website: www.midureader.com
- Total disclosed funding: $100M
- Latest round: Series B (Oct 17, 2019)
- Investors on record: 2

## About

Established in 2018 and based in Shanghai, China, Midu Novel is a mobile reading platform that focuses on reading service of novels.

The company’s main business is ?designing innovative entertainment content and digital platforms, focusing on anime IP development, music creation tools, and interactive storytelling. The company’s self-developed products include ?popular anime series (Cute Girl Life Diary, Sweet Restraint), ?AI-driven music production software, and ?community-driven content platforms for creators to share and monetize their work. Its products are used in the field of ?digital entertainment, fan-driven media ecosystems, and creative content commercialization.

The company generates revenue by ?licensing its anime IPs to streaming platforms, selling premium features in music software, and earning ad revenue from user-generated content platforms.

## Funding rounds

- Series B, Oct 17, 2019, $100M — CMC Capital Partners, LightHouse Capital Management

## Investors

- CMC Capital Partners (https://capitalatlas.ai/funds/cmc-capital-partners) — Series B
- LightHouse Capital Management (https://capitalatlas.ai/funds/lighthouse-capital-management) — Series B