Ricecakes Secures $7.4 Million Seed Round

We are thrilled to announce that Ricecakes has raised $7.4 million in seed funding from private investors to enable wide distribution for authors and deliver a writer‑first, reader‑centric publishing experience.

For the past several months, our team has been actively developing the Ricecakes suite and building the necessary infrastructure to bring our long-term vision to life.

Our Core Focus Areas

Writer-First Culture

Prioritizing and nurturing creative talent to foster a new standard of web novel that skillfully integrates global storytelling trends.

Affordability

A simple, low-cost monthly subscription model without complicated point systems or restrictive tiered subscriptions.

Elevated Content

Curating inclusive content with richer character development and engaging plotlines for discerning adult readers.

Looking Ahead: A Year of Growth

The year 2025 is poised to be transformative for Ricecakes. Our dedicated team, in collaboration with our talented roster of authors, has been hard at work preparing an exciting launch slate. Starting Q2 2025, we plan to release over 270 original web novels and derivative intellectual properties through our platform and select distribution partners.

Deployment of Funding

This Seed funding provides the crucial resources to scale our operations effectively across three key areas:

Technical Infrastructure

Building robust systems to support rapid user and content growth, ensuring a seamless experience for both readers and writers.

Content Library

Expanding our catalog with diverse, high-quality stories that span multiple genres and appeal to a wide audience of readers.

Author Collective

Growing our network to over 500 authors by the end of 2025, providing them with the tools and support needed to thrive.

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We are incredibly grateful for the confidence our investors have shown in our vision and our team. This investment empowers us to build the robust foundation needed to deliver stories that inspire, entertain, and redefine the web novel landscape.