migme operates a diverse digital-media portfolio that includes mobile apps and eCommerce services such as Sold and Shopdeca, focused on emerging Southeast Asian markets. Its core product set centers on Android mobile clients, app integration and games. The company announced an alliance with SOSV's Mobile Only Accelerator (MOX) to integrate migme's Android client into MOX SDKs for payments and advertising and to access MOX's startup community and Android user base. Migme named strategic partners including Meitu, Sony Music and Creative Artists Agency as part of its expansion plans. The company raised $10 million in capital from Meitu and eight cornerstone investors while suspending ASX trading during the fundraise, and says the proceeds will be applied toward achieving cash-flow positive operations by early 2017. As part of the MOX partnership, migme will give one percent of its issued shares and share revenue to SOSV. migme is a global digital media company that operates a social content and engagement platform serving artists, bloggers, YouTubers, celebrities and general users. The company announced a strategic partnership and share placement with Meitu Investment Limited to deepen content and product collaboration. Plans include sharing content across Meitu and migme platforms, localisation, and joint and cross-marketing initiatives focused on South and Southeast Asian markets, particularly Indonesia, India and the Philippines. migme expects the relationship to increase user engagement and monetisation on its platform by leveraging Meitu’s content production and user base. Financially, migme raised AU$6.99 million through a placement of 11,650,000 shares at AU$0.60 per share to Meitu. The announcement was released from Sydney and frames Meitu as a strategic shareholder and product/marketing partner moving forward.

Total raised

$15M

Funding rounds

2

Latest round

Equity

Latest activity

Aug 2016