Former MBC PD Kim Tae Ho's content production company TEO recently raised 10 billion KRW in funding from venture capital.
According to industry reports on October 10th, Saehan venture capital decided to invest over 10 billion KRW in TEO. Saehan venture capital will be acquiring CPS from TEO, which will make Saehan the second largest shareholder of TEO following the founder Kim Tae Ho. Saehan venture capital is known to have a keen eye on recognizing successful businesses in their early stage such as Coupang, Toss, and more.
TEO is founded in December 2021 after Kim Tae Ho left MBC as a producer. Although the history is short, the company already produced a new hit series 'Seoul Check-in', starring Lee Hyori.
Meanwhile, TEO plans to use this newly raised funding to expand its business and IP rights by investing and acquiring other content production companies.
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Really exciting to see TEO gaining that kind of backing so early on — it says a lot about both Kim Tae Ho’s track record and the direction they’re heading. Every brand has a story — but not every brand knows how to tell it. As video producers, we’re modern-day storytellers, and smart companies are turning to professional video production services to craft narratives that connect emotionally and drive action. With this level of funding and vision, TEO could seriously shape the next wave of premium content coming out of Korea.