On August 8, MODHAUS, home to fan-participation-based K-pop groups tripleS and ARTMS, announced that it has secured a 21 billion KRW (~$15.8 million USD) Series B investment from major domestic venture capital firms. This marks the largest investment raised by a single entertainment company in Korea this year.
The round was led by IMM Investment, Korea’s largest VC, with three other Top 10 Korean VCs by assets under management – LB Investment (an early investor in HYBE), Intervest, and Smilegate Investment – joining. Existing investors such as Laguna Investment, U.S.-based content VC Sfermion, and renowned music investor Cooper Turley participated in follow-up investments, reaffirming confidence in MODHAUS’s growth potential.
MODHAUS earned this large-scale investment through its proven capabilities in IP creation and the growth potential of its fandom platform.
“We evaluated MODHAUS’ unique production capabilities and the scalability of its ecosystem centered on its fan-participation K-pop platform, Cosmo, very highly," said Jang Ki Hyun, manager at IMM Investment. "We’ll actively support them, so this investment becomes a catalyst for new innovation in the Korean entertainment industry.”
With its fandom platform Cosmo, MODHAUS has quickly grown global fandoms for girl groups tripleS and ARTMS, proving its competitive edge in IP creation. Fans directly participate in every step – concept selection, unit formations, and content creation – writing the artists’ growth stories together.
tripleS’s full-length album ‘ASSEMBLE25,’ released this May, sold 510,000 copies in its first week. Most recently, ARTMS completed a 28-city world tour.
On August 11, MODHAUS' first boy group, idntt, debuted, further diversifying their IP portfolio.
Cosmo continues to scale steadily, with over 350,000 cumulative users, 10 million digital photocards (Objekts) issued, and 150,000 monthly active users. The Cosmo platform is also set to expand more aggressively into international markets, allowing more artists to connect directly with their global fandoms. Through this, MODHAUS aims to expand the value chain of K-content IP and become a leading force in transforming the global fan experience.
CEO Jaden Jeong of MODHAUS said, “Even during a tough investment climate, it’s meaningful that Korea’s top VCs recognized our results and vision."
He added, "We believe our platform ecosystem – where fans can directly take part in producing and shaping the artists they support – is seen as a breakthrough for the global ‘Fandustry’ (fan + industry) beyond just K-pop. With this investment, we’ll refine that system further and take it to the next level.”
MODHAUS’s seed round was led by blockchain-specialized investment firm Hashed, with Naver D2SF, CJ Investment, and SM Culture Partners also joining as major investors, backing the company’s growth potential.
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