Jeffrey Katzenberg's WndrCo has joined a $5.5M seed round for Idilio, a Latin American microdrama platform built around vertical video and AI-generated telenovela-style content.
The funding round includes WndrCo, a16z Speedrun, Goodwater Capital, and Precursor Ventures, along with fintech founder David Vélez. The platform is powered by an AI engine designed to produce short-form melodrama for mobile viewing.
Idilio targets Gen Z audiences shifting away from traditional streaming toward vertical video formats. The timing reflects investor appetite for new short-form video models as alternatives to TikTok gain traction.
Latin America has produced globally successful serialized content, from Colombian narco dramas to Mexican telenovelas. Idilio applies that regional strength to the vertical video format.
Katzenberg, the DreamWorks founder, has invested across media and entertainment formats through WndrCo. The backing signals confidence in vertical video as a sustained entertainment category.
