Watcha
Seoul, South Korea · Founded 2011 · $94.0M raised
- Headquarters
- Seoul
- Founded
- 2011
- Business Model
- B2C
- Website
- watcha.com
- Total Funding
- $94.0M
- Last Round
- $42.0M Convertible NoteOct 2021
- Rounds
- 5
About
Watcha (왓챠) is a South Korean subscription video-on-demand and over-the-top (OTT) streaming platform founded in September 2011 by Park Tae-hun, offering films, television series, variety shows, documentaries, and animations. The service launched its OTT platform in January 2016 and expanded internationally, reaching second place in user satisfaction in both South Korea and Japan at its peak. Watcha also operates Watcha Pedia, a companion movie review and rating app. In August 2025, the company entered corporate rehabilitation proceedings after creditor Enlight Ventures filed following Watcha's failure to refinance 49 billion won in convertible bonds.
Summary
Watcha is an E-Commerce company based in Seoul, South Korea, founded in 2011. It has raised $94.0M in total across 5 rounds, most recently a $42.0M Convertible Note round in Oct 2021. Investors include eBEST Investment & Securities, NeoPlux and Kakao Investment.
Tech & App Stack
4 technologies & apps tracked
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Funding History
Oct 2021
Sign up to see all 5 rounds
Series A through Convertible Note — per-round amounts, valuations, and who invested in each round.
Investors
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