Moi Raises $6 Million in Series A Financing to Accelerate the Growth of Japanese Leading Live Streaming Communication Platform, TwitCasting
TOKYO, April 10, 2019 (Newswire.com) - Moi Corporation, which provides TwitCasting, an over-25-million-registered-users live streaming communication platform in Japan, today announced the closing of a $6 million* Series A funding round. Participants in the round include GB-VI Growth Fund Investment Limited Partnership, KDDI Open Innovation Fund and SBI AI & Blockchain Fund. The current round brings the company's total funding to $12 million** to date.
* 650 million in Japanese Yen.
** 1.34 billion in Japanese Yen.
TwitCasting is a live streaming communication platform which is designed for users to develop and meet a “comfortable” online community with real-time, open communication through the service. It is unique in its ability to live stream in poor network environments by dynamically adjusting to network quality and reducing its bandwidth requirements. TwitCasting streamers can broadcast and record without worrying about network quality issues and focus on building a community. Viewers can communicate and share with streamers through comments, send gifts and even join a broadcast as “Collaborative Streaming.” The apps’ performance, simplicity and ease of use have helped to drive strong mobile growth, and the registered users are now over 24 million.
This funding will support continued product improvement of TwitCasting and fuel its marketing to further expand the user base as well as development of new services and core technologies for live streaming communication.
Moi Corporation, headquartered in Tokyo, Japan, is the fast-growing startup company responsible for TwitCasting, the largest live streaming community in Japan. Its service has grown to more than 24 million registered users and is still growing mainly through word-of-mouth communication. Learn more at Corporate page (http://about.moi.st/en).
-App Name TwitCasting
-Price Free (In-App Purchase)
-Platform iOS / Android / Web
Source: Moi Corporation