AVCJ

Accel, DCM, Redpoint, industry peers invest $8.9 million in Singapore's mig33

  • Maya Ando
  • LinkedIn  
  • Google plus  
  • Save this article  

mig33, a Singapore-based company claiming to be the world's largest mobile-first community, has received $8.9 million in Series C funding led by Pak Sugiono Wiyono, an Indonesian telecom entrepreneur and GREE, Inc., Japan's leading social networking service, and supported by existing investors Accel Partners, Redpoint Ventures and DCM.

mig33 said that funding will help the company to boost its global operations in emerging mobile-first markets and to further develop monetisation channels. Steven Goh, CEO and co-founder of mig33, said "the partnerships we've established today will be strategic in helping us consolidate our lead in emerging Asia, as we tap these big, underserved markets."

Since its first funding made in 2005, mig33 has so far raised more than $34 million. In 2007, it received a $10 million Series A round in May 2007 from Accel and Redpoint. It closed a $13.5 million Series B round in January 2008, led by DCM and joined by Accel and Redpoint. Supported by Singapore's Infocomm Development Authority (IDA), mig33 relocated from Silicon Valley to Singapore in January 2010.

Further reading

  • LinkedIn  
  • Google plus  
  • Save this article  

More on Venture

Latest News

world-hands-globe-climate-esg
Asian GPs slow implementation of ESG policies - survey

Asia-based private equity firms are assigning more dedicated resources to environment, social, and governance (ESG) programmes, but policy changes have slowed in the past 12 months, in part due to concerns raised internally and by LPs, according to a...

  • GPs