# Radish Media

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/radish-media

- Industry: Media
- Headquarters: New York, US
- Website: www.radishfiction.com
- Total disclosed funding: $3M
- Latest round: Seed (Mar 9, 2017)
- Investors on record: 13

## About

Radish Media, Inc. is a US-based company that specializes in delivering serialized romance fiction through its innovative digital platform, Radish, catering to a global audience of avid readers.Founded in 2015 and headquartered in New York, US, Radish Media, Inc. focuses on providing serialized storytelling through its app. The company was acquired by Kakao Entertainment in May 2021 for USD 440 mn, which aims to synergize Radish's original content with Kakao's entertainment expertise. Seung-yoon Lee serves as both founder and CEO, leading the company through seven successful funding deals.Radish Media, Inc. operates a digital platform that delivers serialized romance fiction via its application, Radish. It features a large library of stories by both established and emerging authors, including New York Times and USA Today bestsellers, as well as Radish Originals from Emmy-winning writers. The platform encourages engagement through interactive features such as episode comments and live chat rooms with authors, fostering a community of romance novel enthusiasts across North America, Europe, and parts of Asia.Radish generates revenue through a subscription model that allows users to access premium content. Customers purchase tokens to unlock episodes, with a pay-per-episode option enhancing direct-to-consumer revenue streams. The pricing structure promotes engagement with regular new episode releases, while the diverse content from established and new authors supports consistent revenue growth.Following the acquisition by Kakao Entertainment in May 2021, Radish Media, Inc. aims to expand its original IP content in sync with Kakao's entertainment knowledge base. The synergy is expected to strengthen its position in the entertainment industry, targeting further growth and potentially new product launches in the serialized fiction space.

## Funding rounds

- Seed, Mar 9, 2017 — Kairos
- Seed, Jan 31, 2017, $3M — Softbank Capital, Greylock Partners, Lowercase Capital, Bertelsmann Digital Media Investments, ACME Capital, United Talent Agency, LLC, RiverPark Advisors, Naver, letters Capital
- Seed, Feb 11, 2016 — Bertelsmann AG, BonAngels Venture Partners, Kairos, Actions Capital

## Investors

- Bertelsmann AG — Seed
- BonAngels Venture Partners (https://capitalatlas.ai/funds/bonangels-venture-partners) — Seed
- Kairos (https://capitalatlas.ai/funds/kairos) — Seed
- Actions Capital (https://capitalatlas.ai/funds/actions-capital) — Seed
- Softbank Capital (https://capitalatlas.ai/funds/softbank-capital) — Seed
- Greylock Partners (https://capitalatlas.ai/funds/greylock-partners) — Seed
- Lowercase Capital (https://capitalatlas.ai/funds/lowercase-capital) — Seed
- Bertelsmann Digital Media Investments (https://capitalatlas.ai/funds/bertelsmann-digital-media-investments) — Seed
- ACME Capital (https://capitalatlas.ai/funds/acme-capital) — Seed
- United Talent Agency, LLC — Seed
- RiverPark Advisors (https://capitalatlas.ai/funds/riverpark-advisors) — Seed
- Naver — Seed
- letters Capital — Seed