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Miguel Cordon · · 1 min readFilipino livestreaming platform Kumu closes SIG, Openspace-led series B round
Filipino livestreaming app Kumu said it has raised an undisclosed amount of new funding to help it roll out new features and scale its operations.
More funding details
- Lead investors: ByteDance backer SIG and Temasek-backed Openspace Ventures
- Returning investors: Summit Media, Kickstart Ventures, Foxmont Capital Partners, and Gobi-Core Philippine Funding
- Other investors: Endeavor Catalyst and Gentree Fund
- Stage: Series B
More company updates
- Kumu said the round comes as it logs 11.2 million registered users globally, with over 100,000 active streamers being watched 60 million times per month in total.
- App analytics firm App Annie also listed Kumu as the top-grossing social app in the Philippines’ Google Play Store, according to the statement. It also ranked among the top 10 in markets such as Canada, Australia, Norway, Hong Kong, and Kuwait.
- Kumu most recently raised funding in April last year, securing US$5 million in a series A round led by Openspace Ventures. At the time, it had about 3 million registered users, with over 100 livestreamers earning 20,000 pesos (or nearly US$400) each month.
- Kumu also recently announced the appointment of Crystal Widjaja, former chief of staff and senior vice president of growth at Gojek, as its chief product officer.
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 September Grace Mahino
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