Announced
Completed
Financials
Sources
Tags
Online and Social Platforms
Private Equity
Acquisition
Cross Border
Private
United States
Venture Capital
social platform
Friendly
Minority
Completed
Synopsis
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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