M17 Entertainment secures US$26.5M for expansion
Taipei-based live technology and entertainment content company M17 entertainment limited has announced US$26.5 million in Series D funding from Vertex Growth, Stonebridge Korea Unicorn Venture Fund, Innoven Capital Singapore, Kaga Electronics, and ASE Global Group, according to PRNewswire.
The new money will be used for growth in Japan as well as expansion into markets such as the US and the Middle East.
Established in 2015, M17 currently has offices in Taiwan, Singapore, Hong Kong, Japan, South Korea, Malaysia, and the US, and employs around 500 people worldwide.
“M17 provides a virtual stage for performers to explore what is possible both artistically and financially by allowing them to showcase their talent and interact directly with fans everywhere in real-time. This new funding allows us to continue our mission of empowering artists around the world, through our online live streaming and social commerce platforms,” said Joseph Phua, CEO of M17.