Modhaus, a K-pop platform embracing blockchain for fan engagement, has successfully raised over $8 million in a Series A funding round.
The investment was led by Sfermion, a U.S. venture capital firm with expertise in metaverse and Web3 technologies. Joining Sfermion were prominent investors such as SM Culture Partners, Laguna Investment, Globalbrain (KDDI), and Foresight Ventures.
This latest round pushes Modhaus’ total fundraising to $12 million. Past supporters include UNOPND, a venture division of Web3 VC Hashed, Naver D2SF, CJ Investment and Futureplay.
The company aims to distinguish itself from traditional entertainment companies by enabling fans to directly influence and elevate artists, rather than solely producing content for passive consumption.
Its Cosmo platform allows fans to purchase digital photocards, which double up as voting tokens. These are…
