Kumu Holdings, a are living streaming startup based in the Philippines, announced on the present time it has raised about $5 million in Series A funding, earmarked for imprint spanking fresh sides and extending its operations.
The round was led by Openspace Ventures, an early investor in Breeze-Jek, with participation from Kickstart Ventures, media conglomerate ABS-CBN, Gobi-Core Philippine Fund, and returning merchants Summit Media and Foxmont Capital Partners.
With powerful of the nation below COVID-19 lockdown or curfew orders, Kumu says usage of media and leisure apps has elevated. To deal with quiz, the startup has launched fresh sides over the final month to permit organizations esteem churches and industrial groups to lift on-line events.
Kumu says it now has three million registered users and about 25,000 are living streams broadcast daily, with life like daily usage of about one hour.
Based two years previously by Roland Ros and Rexy Josh Dorado, Kumu aspires to be a “enormous app” for Filipinos round the enviornment, integrating are living streaming, video chats and gaming, with plans so to add on-line payments and e-commerce capabilities, too. Kumu’s upcoming sides encompass a are living commerce platform that lets in users to purchase objects for the length of are living streams, giving affirm material creators an additional source of earnings.
