Entertainment tech company Bigk (CEO Kim Mi-hee) announced that it has secured a total of 18 billion won in Series A funding. This round was participated by seven institutions, including Stonebridge Ventures, BonAngels Venture Partners, NextTrans, Now IB Capital, Hana Ventures, IBK, and Alois Ventures. This brings Bigk's total investment to 33 billion won.
Bigk operates an "all-in-one digital venue" platform that connects artists and fans. This platform integrates various functions, including ticketing, AI-based live streaming, fan interaction services, video OTT, global commerce, and fan data analysis. Its competitive edge lies in its analysis capabilities based on fandom data from over 200 countries and its AI-based live streaming technology.
To date, the platform has partnered with approximately 130 teams, including domestic K-pop artists, and is expanding its collaborations to include J-pop and global artists. The platform is available in 224 countries, with cumulative membership exceeding 1.1 million. Approximately 80% of users are international, with a high proportion coming from Japan, Greater China, and North America.
The company has been experiencing rapid growth since its launch two years ago, with an average quarterly growth rate of 48% over the past six quarters. As of this year, the number of membership users has increased 13-fold compared to the previous year, and revenue has increased more than fivefold.
This investment round, which began in April 2024 and closed in August, was co-led by Stonebridge Ventures and BonAngels Venture Partners.
Lee Jong-hyun, Managing Director of Stonebridge Ventures, commented, "BIK's digital venue is a model that blurs the lines between offline and online, and has the potential to become a new standard for entertainment technology in the global market." Lee Su-heon, Senior Managing Director of BonAngels, stated, "It is demonstrating exceptional performance in terms of global scalability and growth speed."
According to market research firm Grand View Research, the global live performance market is projected to grow from approximately $40 billion in 2020 to $140 billion by 2030. The share of the online performance market is also expected to expand from 11.2% to 35% over the same period.
In response to these market changes, Bigk's strategy is to provide a new user experience based on a global fandom, centered on a digital platform that connects the online and offline performance industries.
CEO Kim Mi-hee said, “Through this investment, Bigk has laid the foundation for growth into a platform connecting global artists and fans,” and added, “We will continue to achieve sustainable growth targeting the global market.”
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