mig33

mig33 is a digital platform that facilitates online social networking and gaming, offering users a variety of interactive experiences. It focuses on connecting users through engaging content and real-time interactions. Founded in 2005 and headquartered in Singapore, mig33 operates as a social networking service that integrates gaming features. The company underwent a significant pivot in January 2014 when it merged with Latin Gold, leading to its official listing on the Australian Securities Exchange in August 2014 through this reverse merger.

mig33 raised AUD 7. 00 mn in a PIPE funding round on September 14, 2015, from investor Meitu, Inc. , bringing its total amount raised to AUD 7. 00 mn.

The company has completed 10 deals to date. mig33 specializes in offering a comprehensive online social platform that combines gaming and networking services. Users can engage in various interactive games, allowing for an entertaining experience while facilitating social connections. Through its official website, mig33 provides a direct link to its diverse offerings, designed to meet the interests of a broad audience.

In 2015, mig33 reported a revenue of AUD 3,636,754. 60. During the same year, the company faced challenges, resulting in an EBITDA loss of AUD 14,250,604. 40, indicating a need for strategic adjustments in its operational model.

Looking ahead, mig33 aims to expand its offerings by designing new interactive gaming products, with targeted launches in specific markets throughout 2016. The company is also interested in entering new geographic regions, with a focus on Southeast Asia to enhance user engagement. The AUD 7. 00 mn raised in the recent PIPE funding round is intended to support these initiatives, bolstering their technological capabilities and marketing efforts to attract a larger user base.