The integrated creator content platform Class101 announced on the 3rd that it has received an investment of 3.5 billion won from the U.S.-based venture capital firm Strong Ventures. This bridge investment follows a 15 billion won investment in October of last year, bringing the total cumulative investment to approximately 82.5 billion won.
Strong Ventures, Class101's first investor, has been a key partner, participating in a total of six investments from the early growth stage to this investment.
Class101, which has 6,000 online classes, faced a crisis beginning in 2022 when its total capital turned negative and it fell into a state of complete capital erosion. However, its financial health improved with both operating and net profits turning positive in 2024.
With this investment, Class101 aims to focus on enhancing creator home services, such as the development of items like coaching rights; strengthening content and recruiting creators in key areas such as economics, side jobs, art, crafts, and careers; and expanding corporate subscription services for employee education and welfare.
Baek Gi-hong, CEO of Strong Ventures, said, "Class101, which has been with us from the early growth stage, is opening new possibilities in the creator economy and has undergone sufficient market validation." He added, "I hope Class101 can expand its collaboration and content business with creators around the world, beyond Korea." Gong Dae-sun, CEO of Class101, stated, "Since March of last year, we were able to build a stable growth foundation by continuously increasing our financial health with successive operating profit surpluses," and noted, "With this investment, we will further support value creation for creators and leap to become the platform they most want to collaborate with."