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Aditya Hadi Pratama · · 1 min readGeneral Atlantic leads $74m round of livestreaming app Kumu
Update (25th January, 6.28 pm SGT): Adds amount of funds raised in the series C round.
Philippine-based livestreaming app Kumu has raised US$73.7 million in a new financing round to invest more in digital content.
More funding details
- Lead investor: General Atlantic
- Existing investors: Early ByteDance stakeholder Susquehanna International Group (SIG) and Temasek-backed Openspace Ventures
- Stage: Series C
More company updates
- The round pushes Kumu’s total amount raised from investors to date to US$100 million.
- The company says that the deal marks the largest equity financing for a Philippine-based startup not founded as a subsidiary or spinoff of a conglomerate. The round also marks General Atlantic’s first investment in the Philippines.
- Kumu has over 10 million registered users from over 55 countries. The company also says that it is the highest-grossing social app in the Philippines.
- In June, the company secured an undisclosed amount of series B funding from a round co-led by SIG and Openspace Ventures.
For more coverage of the company, head here. You can also click on the link below to view key details about the company as well as its funding history.
Editing by Miguel Cordon and Lorenzo Kyle Subido
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