Tumblbug Raises over US$1.5M in Series A Funding
Summary
Tumblbug, a Seoul, South Korea-based crowdfunding platform for independent creators, raised 1.7bn KRW (just over US$1.5m) in Series A funding.Founded in 2011 by Jaeseung Yum, Tumblbug is a crowdfunding platform for web cartoon, game, publishing, and music industry players with $4.4M funded since 2011.With the funding, Naver and Tumblbug will form a strategic partnership so that Naver’s creators can raise funds for their work through Tumblbug.The two companies are also working together to provide a crowdfunding service on Naver Musician League, an open platform for musicians and bands.They plan to collaborate on other media content such as video and illustrations.
Funding
Amount
$1.5M
Total raised
Date
June 16, 2015
Announcement date
Investors
Tumblbug
Lead investors
Company
http://tumblbug.com
Funded company
Classifications
industries
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applications
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