
TransLink leads $7.1m round to support Kamcord's Asia growth
TransLink Capital has led a $7.1 million Series A round of investment for Kamcord, developer of the mobile gaming platform of the same name.
Other participants in the round included SV Angel, Innovation Works, KLab, M&Y Growth Partners, XG Ventures and Japanese mobile gaming and e-commerce portal DeNA.
Silicon Valley start-up Kamcord claims to helps game developers address issues over user acquisition, retention, and engagement by enabling players to capture and share videos from their mobile games both within the Kamcord app and via social networks.
TransLink is based in the US but specializes in leveraging relationship with its Asian corporate strategic partners to bring US start-ups to the region. According to a release, the new funding will be used to further develop Kamcord's new entertainment app for mobile gaming videos and accelerate its adoption in Asia.
Currently Kamcord claims that its users share one video every two seconds, with over one million videos shared in the last month alone. In addition to the 5 million videos users have shared to date, the company also says that over 3 billion videos have been recorded since Kamcord's 2012 launch.
"Globally, particularly through our Asian corporate strategic investors and partners, we see the daily dynamic evolution of the mobile gaming industry," said Eric Hsia, partner at TransLink and a Kamcord board member. "One constant has been gaming as a media and social experience that gamers want to relive and share."
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