Modehouse, the Agency of tripleS, Secures 10 Billion Won Investment from Atinum Investment

Modehouse, an entertainment company that has produced numerous artist intellectual properties (IP) such as tripleS, ARTMS, and idntt, has secured an investment of 10 billion won from Atinum Investment.

Photo of TripleS. Modehouse

Atinum Investment announced on the 5th that it exclusively participated in this investment, which is an additional round of Series B. Modehouse had previously raised 21 billion won in its Series B round last August, with investors including IMM Investment and LB Investment.

Modehouse has received a high evaluation for the growth potential of its business model, which combines multi-artist IPs and the fan platform 'Cosmo.' Through Cosmo, fans participate in key decision-making processes such as artists' title tracks, promotional units, and concert setlists. This level of fan participation leads to the expansion of fandoms and increased platform engagement. Notable IPs include tripleS, ARTMS, and idntt.

The company has already achieved notable business results. Last year, Modehouse recorded sales of 32.3 billion won. Album sales reached 1.16 million copies, with tripleS’s third full-unit album 'LOVE&POP pt.1' and regular album 'ASSEMBLE26' selling 560,000 copies in their first week, and idntt’s third EP 'itsnotover' also debuting with 580,000 first-week sales. ARTMS expanded its overseas fandom by holding a world tour across 28 cities.

Modehouse plans to use this investment to expand its portfolio of new artist IPs and to strengthen its global business. Preparations are underway for idntt’s 24-member full-unit activities and for launching new artists. Additionally, based on the Global TIPS program, the company intends to further enhance Cosmo’s overseas services.

Jung Byungki, CEO of Modehouse, said, "We will continue to discover competitive IPs and strengthen Cosmo's global competitiveness to grow as a sustainable global entertainment company."

This content was produced with the assistance of AI translation services.