Radish, a Los Angeles, CA-based a mobile fiction startup, raised $3m in seed financing.
The round was led by Greylock, Lowercase Capital, Softbank Next Media Innovation Fund, UTA, Bertelsmann Digital Media Investments (BDMI) and Sherpa Capital. Individual investors include:
– Amy Tan,
– Peter Bazalgette,
– Charlie Songhurst,
– Nicolas Berggruen,
– Matt Humphrey,
– Duncan Clark, and
– Jeremy Yap,
In conjunction with the funding, Ankur Jain, VP of Product at Tinder, is joining Radish’s board.
Led by CEO Seung-Yoon “SY” Lee, CTO Joy Cho, Head of Product Doohaeng Lee, and Head of Content and Operations Paul Baek, Radish has launched a short-form serialized fiction platform with over 700 authors spanning romance, fantasy, YA, paranormal, mystery and sci-fi content.
Radish, available on the iOS and Android platforms, enables users to test out a book by reading several free installments and then make a micropayment to get early access to each chapter thereafter.
The company also has offices in Seoul and New York.