Video app Migo raises capital from YouTube co-founder, Gojek commissioners
Summary
On-demand video platform Migo on Monday announced that it closed a Series B2 funding round to further expand in Indonesia. Among the various investors participating are Gojek’s commissioners Ray Zage and Pandu Sjahrir, Youtube’s co-founder and former CTO Steve Chan, as well as Provident Capital. Existing backers, including members from the founding family of Hysan Development in Hong Kong, Vickers Venture Partners, and Singaporean businessman Koh Boon Hwee, also took part in this round. Between 2016 to 2018, Migo raised its Series B1 round led by Temasek and released trials to more than 50,000 paying users in the Philippines. Micro, small, and medium enterprises (MSMEs) can participate in the digital content economy and become Migo Unli Pass retailers.