Doosan Group and AJU Capital invested in Kakao-backed streaming portal Watcha, taking the company's total funding to $21m.
South Korea-based online entertainment portal Watcha has completed a $12m series C round featuring subsidiaries of diversified conglomerate Doosan Group and financial services firm AJU Capital.
Neoplux and AJU IB Investment were joined in the round by Cognitive Investment, Leo Partners Investment, MG Investment, Songhyun Investment and Hashed.
Founded in 2011, Watcha operates a machine learning-powered online film and television streaming platform that offers recommendations based on a user’s reviews.
Watcha was originally named Frograms but adopted the brand name…
