APAC CIOOutlook

Advertise

with us

  • Technologies
      • Artificial Intelligence
      • Big Data
      • Blockchain
      • Cloud
      • Digital Transformation
      • Internet of Things
      • Low Code No Code
      • MarTech
      • Mobile Application
      • Security
      • Software Testing
      • Wireless
  • Industries
      • E-Commerce
      • Education
      • Logistics
      • Retail
      • Supply Chain
      • Travel and Hospitality
  • Platforms
      • Microsoft
      • Salesforce
      • SAP
  • Solutions
      • Business Intelligence
      • Cognitive
      • Contact Center
      • CRM
      • Cyber Security
      • Data Center
      • Gamification
      • Procurement
      • Smart City
      • Workflow
  • Home
  • CXO Insights
  • CIO Views
  • Vendors
  • News
  • Conferences
  • Whitepapers
  • Newsletter
  • Awards
Apac
  • Artificial Intelligence

    Big Data

    Blockchain

    Cloud

    Digital Transformation

    Internet of Things

    Low Code No Code

    MarTech

    Mobile Application

    Security

    Software Testing

    Wireless

  • E-Commerce

    Education

    Logistics

    Retail

    Supply Chain

    Travel and Hospitality

  • Microsoft

    Salesforce

    SAP

  • Business Intelligence

    Cognitive

    Contact Center

    CRM

    Cyber Security

    Data Center

    Gamification

    Procurement

    Smart City

    Workflow

Menu
    • Cyber Security
    • Hotel Management
    • Workflow
    • E-Commerce
    • Business Intelligence
    • MORE
    #

    Apac CIOOutlook Weekly Brief

    ×

    Be first to read the latest tech news, Industry Leader's Insights, and CIO interviews of medium and large enterprises exclusively from Apac CIOOutlook

    Subscribe

    loading

    THANK YOU FOR SUBSCRIBING

    M17 Raises $26.5M with Vertex Growth to Support Live Streaming

    M17 raises $26.5 million from its Series D funding round  

    M17 Raises $26.5M with Vertex Growth to Support Live Streaming

    By

    Apac CIOOutlook | Thursday, May 14, 2020

    Stay ahead of the industry with exclusive feature stories on the top companies, expert insights and the latest news delivered straight to your inbox. Subscribe today.

    M17 raises $26.5 million from its Series D funding round 

    Fremont, CA: M17 Entertainment, the live streaming platform, closes $26.5 million in investments in a Series D funding round. The round was led by Vertex Growth Fund, which is backed by Temasek. Several other investors also participated in the Series D funding round. These included Stonebridge Korea Unicorn Venture Fund, Kaga Electronics, InnoVen Capital, and ASE Global Group. 

    With consumer preferences shifting to individualized on-demand viewing online, M17 is capitalizing on the need for a robust, financially viable platform for artists. The company will focus on deepening its presence in Japan and the rest of Developed Asia, while planning expansion into the United States and new markets such as the Middle East, with the aim of securing substantial new users and artists.

    Joseph Phua, M17's Chief Executive Officer, said, "M17 provides a virtual stage for performers to explore what is possible both artistically and financially, by allowing them 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."

    Tam Hock Chuan, Managing Director of Vertex Growth, shared, "We are impressed by M17's market leading position and continued strong growth in Japan, Taiwan and Hong Kong. With M17's unique value proposition and battle-hardened management team, the company is well prepared for its next phase of growth."

    Additionally, in the current pandemic climate, users around the world are increasingly hungry for live online entertainment while young artists seek alternative income sources that can also promote their talents at the same time -- M17 has seen a record high of artists and user onboardings, as well as user interaction in the past few months.

    "M17 is by far the largest pure play video live streaming company in Japan. Their technology is helping thousands of artists connect with mass audiences in a unique and personal manner. Even at their level of scale, M17 is showing astonishing rate of growth," said Fortune Sohn, managing director, Stonebridge Ventures.

    "At a time where startups may be facing fundraising challenges, we are heartened by the confidence that our investors, led by Vertex Growth, have in M17's capabilities and strong growth potential. We will continue to leverage technology and deliver the best social interaction solutions to our artists and superior online entertainment to our audiences right in their own homes," said Joseph Phua.

    Founded in Taiwan in 2015, M17 Entertainment is the number one live streaming platform in Asia and it has over 60 percent market share by revenue in both Japan and Taiwan.

    More in News

    Impact of Digital Transformation on Retail

    Impact of Digital Transformation on Retail

    AI's Role in Apac's Digital Transformation Journey

    AI's Role in Apac's Digital Transformation Journey

    Salesforce Services in APAC: Empowering Digital Transformation Across the Region

    Salesforce Services in APAC: Empowering Digital Transformation Across the Region

    Enhancing Customer Satisfaction through Omni-Channel Payments

    Enhancing Customer Satisfaction through Omni-Channel Payments

    I agree We use cookies on this website to enhance your user experience. By clicking any link on this page you are giving your consent for us to set cookies. More info

    Copyright © 2025 APAC CIOOutlook. All rights reserved. Registration on or use of this site constitutes acceptance of our Terms of Use and Privacy and Anti Spam Policy 

    Home |  CXO Insights |   Whitepapers |   Subscribe |   Conferences |   Sitemaps |   About us |   Advertise with us |   Editorial Policy |   Feedback Policy |  

    follow on linkedinfollow on twitter follow on rss
    This content is copyright protected

    However, if you would like to share the information in this article, you may use the link below:

    https://www.apacciooutlook.com/news/m17-raises-265m-with-vertex-growth-to-support-live-streaming-nwid-7461.html