PUBLY has attracted 3.8 billion won from DSC Investment, Interbest, Yellow Dog, and Mediati, which has made its accumulative investment amounts 6 billion won.
PUBLY provides a monthly subscription for the millennials to provide knowledge content. In addition to the original content provided exclusively through its mobile web and app, the company provides translation of such overseas media as New York Times and Financial Times, and curated content by entering into partnership with domestic media, magazine, and publishing companies. Its subscription fee is 21,900 won per month and the
number of subscribers is 5,500, 85% of whom re-subscribes, making it total
number of re-subscribers 20,000.
“We expect that PUBLY will become the Netflix in the knowledge content industry as they have a solid technical workforce, continuously develop its platform, and make informed decisions based on data and growth experiments by focusing on its customers”” said Lee Han-byul, director of DSC Investment that took lead the investment, explaining the reason behind their investment. “”They systematically make their content and distribution system through these activities.””
“We will be gearing ourselves up to provide the best learning experiences for the millennials who has a job” said Park So-ryeong, president of PUBLY. “We will recruit more talented people for both our content and platform.”