May 28, 2014

[Tech In Asia] Korean file-sharing app Send Anywhere nabs $1M in funding from Rakuten

ESTmob, the Seoul-based team behind file-sharing app Send Anywhere revealed today it has completed a US$1 million seed round led by Rakuten Ventures. ESTmob cofounder Suhyuk Kang tells Tech in Asia that it will use the funding to expand its userbase around the globe and ramp up the app’s feature set. 
Send Anywhere delivers a basic, somewhat mundane utility to device owners. After one downloads the app, a user selects a file he or she would like to send, and is then given a six-digit code (or a QR code). That code is then shared with the intended recipient, who then inputs it into the app on his own device. ...
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Tech In Asia 5/12/2014 [en]

  • The investment may be one of a few cases for Rakuten to invest in early stage starup without obvious synergy with Rakuten's main businesses. File sharing with mobile is not a big market at this moment, but it may have a potential to become a huge market as more people tend to use smart devices than PC.

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