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Announced

Completed

General Atlantic led a $100m Series C funding round in Kumu.

Financials

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Transaction Value£79m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Online and Social Platforms

Private Equity

Acquisition

Cross Border

Private

United States

Venture Capital

social platform

Friendly

Minority

Completed

Synopsis

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General Atlantic, a global growth equity firm, led a $100m Series C funding round in Kumu, a developer of a social platform, with participation from Openspace and SIG. “We believe an immense digital opportunity exists in the Philippines, a market that is hungry for content and ripe for disruption, with Kumu’s innovative live-streaming offering paving the way for the company’s continued growth as a broader online media platform. We are thrilled to partner with Roland, Rexy and the driven team at Kumu as they focus on empowering creators and transforming the Filipino digital ecosystem," Sandeep Naik, General Atlantic Managing Director and Head of India & Southeast Asia.

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