KumuMedia Technologies Inc.

KumuMedia Technologies Inc. is a Philippines-based company specializing in social entertainment through its live streaming platform, focused on enhancing community engagement among Filipinos worldwide. Founded in 2018 in Mandaluyong City, Philippines, KumuMedia Technologies Inc. operates a social entertainment platform that allows users to create and engage in live streaming content.

The company raised USD 73. 69 mn in Series C funding on October 27, 2021, led by General Atlantic, with participation from investors including Endeavor Catalyst and Gobi Partners. The funding supports their expansion plans in the Philippines and globally. Kumu's primary offering is its social entertainment platform, which enables live streaming and interactive content creation, specifically tailored for the Filipino community both locally and abroad.

The app allows users to host and participate in live streams, engage in discussions, and create content that resonates with their cultural identity. The platform features virtual gifting, enabling users to financially support their favorite streamers, and has gained traction among Filipinos in North America, Europe, and the Middle East. In 2021, Kumu reported a revenue of USD 5,810,943. 20, with an EBITDA of USD -1,732,749.

20. The platform monetizes through virtual coins purchased by users to gift streamers, alongside brand partnerships and sponsorships that enhance user engagement and advertising opportunities. Following the Series C funding of USD 73. 69 mn in October 2021, Kumu plans to utilize the capital to expand its services both in the Philippines and internationally.

The company is focused on launching new products designed to enhance user experience and engagement, although specific details and release dates remain undisclosed. Kumu aims to enter new geographic markets to further grow its user base and consolidate its position in the social entertainment sector.