Microdrama funding news: rounds, listings, M&A
Funding rounds, acquisitions, credit facilities and filings across the microdrama industry. Amounts are given as disclosed, with the basis they rest on.
Start with the guide: Microdrama funding tracker: vertical drama investment rounds
- Minivela takes a stake in Latin American microdrama producer Red Minds Films
The Miami company said it acquired a major ownership stake. Size, price and valuation were not disclosed.
- Korai Flix agrees $3.5bn SPAC merger with APEX Tech Acquisition
The Seoul-based AI entertainment platform, which offers AI short dramas and AI companion avatars, would list on the NYSE as Krflix Group. Closing is targeted for the first quarter of 2027.
- COL Group drops its RMB 2.83bn share placement and its Hong Kong listing plan
The Shenzhen-listed parent of FlareFlow ended a private placement eight days after proposing it, and separately ended its planned H-share listing in Hong Kong. The placement plan cited AI short drama.
- COL Group proposes RMB 2.83bn A-share placement, partly for AI short-drama rights
The Shenzhen-listed parent of FlareFlow filed a private-placement plan on 1 October 2026. It earmarks RMB 575m for rights to AI short dramas, mid-length and interactive dramas. The plan still requires shareholder and regulatory approval.
- SoonShot discloses user and subscription metrics, and a reported pre-Series A
The Korean microdrama app said cumulative users reached 1.15 million and that the US accounts for 60% of revenue. Money Today reported a pre-Series A of about KRW 3bn; investors were not named.
- COL Group discloses $12.4m arbitration over unpaid FlareFlow advertising fees
An advertising agency has filed an arbitration claim against COL Group's Singapore unit FlareFlow Pte. Ltd., the parent and two others, seeking $12.1m in unpaid Facebook and TikTok ad fees for October 2025 to February 2026.
- FlexTV owner Mega Matrix sets a 1-for-20 share consolidation from 15 September
Mega Matrix, which operates the short-drama platform FlexTV, fixed the ratio of its share consolidation at one new share for every 20, in a filing with the US Securities and Exchange Commission on 10 September 2026.
- French microdrama app Sweetz launches on iOS with over 1m euros in seed funding
Nation and Kovalee announced a full iOS release for Sweetz, backed by a seed round of more than 1m euros raised from media and audiovisual companies rather than financial investors. M6 Group was named among the backers.
- Global Mofy AI raises $2.04m, pricing shares far below its last close
The Nasdaq-listed Chinese content group, which runs the short-drama brand Mofy Clip and has co-produced with China Literature, sold 3,796,000 shares at $0.538 against a $2.56 close eight days earlier.
- Film producer Ambitious Entertainment files to list, naming micro-drama in its strategy
The Vancouver-run, Nevada-incorporated company is registering a 4,000,000-share offering at an indicative $4.00 to $5.00 and intends to list on NYSE American. Its auditor has raised substantial doubt about its ability to continue as a going concern.
- Japan's FLASH raises a seed extension, taking cumulative seed to about JPY 1.3bn
The Tokyo company behind the short-drama app Million said on 5 August that a seed extension closed with five backers including Sony Innovation Fund. It disclosed a cumulative seed total of about JPY 1.3bn rather than the size of the extension.
- Kuaishou filing puts Kling AI round at about $3bn for 16.67%
An HKEX filing of 2 July 2026 caps the investment at ¥20.4471bn, roughly $3.0bn, implying a post-money valuation of about $18bn.
- Capital flows to Chinese AI video while Western microdrama rounds stay small
At least fifteen rounds closed between January and July 2026 across microdrama and adjacent AI video, led by Kling AI, Shengshu, PixVerse, Zhixiang and Fish Audio. Western vertical-drama rounds were far smaller or undisclosed.
- Higgsfield AI in talks for $300-500m at a $5bn pre-money valuation
The round is explicitly not closed. The Information and TechFundingNews name DST Global among the investors in the discussions.
- Cineverse steps back from aTwist to a passive minority stake
On its Q4 FY26 call the CFO said the company would rather sell picks and shovels than join an arms race in which Asian platforms spend about $1m a day on marketing.
- Yash Raj Films takes a strategic stake in Rusk Media
Variety reported the investment in the Indian vertical-entertainment company on 29 June 2026. No deal value or stake size was disclosed.
- Evoken, the LiblibAI parent, raises about $300m at more than $2bn
Yicai Global reported the Series B+ on 18 June 2026. The money goes to the AI video tool layer rather than to a consumer microdrama app.
- Chinese capital moves to the AI production-tool layer
AniShort and CreativeFitting both raised funding in rounds dated 9 to 12 June 2026, according to PEdaily.
- Mansa's microdrama arm filed a $2m offering, half of it sold to one investor
A Form D filed with the SEC in May 2026 names Mansa Micro, Inc., a Delaware company whose sole listed officer is Nathaniel Parker.
- FlexTV owner Mega Matrix reports revenue down 28% and a net loss larger than sales
The NYSE American-listed short-drama operator posted about $26.1m of FY2025 revenue against a net loss of roughly $34.3m. Its adjusted EBITDA loss, the figure it led with, was $5.6m.