Kakao Page and SoftBank Ventures Asia co-led a $63.2m round for the serialised fiction platform that will fund an increase in headcount.

US-based online literature platform developer Radish has raised $63.2m in a series A round co-led by telecommunications firm SoftBank and internet group Kakao Page, Crunchbase News reported yesterday.

SoftBank provided its share of the funding through corporate venture capital vehicle SoftBank Ventures Asia while Kakao invested through its online content marketplace, Kakao Page.

Radish operates an online platform that hosts serialised fiction, allowing authors to publish stories online a chapter at a time in lengths intended to be digestible on…

Robert Lavine

Robert Lavine is special features editor for Global Venturing.