Kumu
Date | Investors | Amount | Round |
---|---|---|---|
- | N/A | - | |
* | $1.2m | Seed | |
N/A | Early VC | ||
* | $5.0m | Series A | |
N/A | Series A | ||
N/A | Series B | ||
* | $73.7m | Series C | |
Total Funding | $79.9m |
Recent News about Kumu
EditKumu is a leading social entertainment application based in the Philippines, designed and developed by Filipinos. The company's primary mission is to provide a platform that promotes Filipino voices globally, fostering a vibrant online culture filled with positivity and possibilities. The platform serves a diverse range of clients, including individuals seeking entertainment, social interaction, and a sense of community.
Operating in the rapidly expanding market of social entertainment, Kumu has successfully raised over $100 million in Series C funding, led by General Atlantic, a renowned global growth equity firm. This funding round signifies the potential of Kumu's business model and its capacity to scale internationally.
Kumu's business model revolves around its virtual currency system, which includes Coins, Diamonds, and Gifts. Users can purchase these virtual items to use within the app, creating a revenue stream for the company.
In addition to its entertainment offerings, Kumu places a high emphasis on user privacy. The company is committed to complying with data privacy laws and standards, ensuring the protection of user data. It has implemented clear policies regarding the collection, categorization, and transfer of user data, with enhanced transparency measures in place.
In summary, Kumu is a social entertainment platform that champions Filipino voices, operates in a growing market, and has a robust business model backed by significant funding. The company also prioritizes user privacy, ensuring a safe and secure environment for its users.
Keywords: Social Entertainment, Filipino Voices, Online Culture, Series C Funding, General Atlantic, Virtual Currency, User Privacy, Data Protection, Global Market, Business Model.