UPDATED 14:57 EDT / NOVEMBER 08 2010

mig33 Snags $8.9M for Social, Mobile Networks & Games

mig33 a mobile social networking site has been gaining popularity across the globe. In the wake of the need for expansion, the company has managed to raise $ 8.9 million in the round C funding. This funding round was led by Pak Sugiono Wiyono, an Indonesian telecom entrepreneur and GREE, Inc., Japan’s leading social networking service. It must be noted that the company already has financial backing from silicon valley investment firms as Accel Partners, Redpoint Ventures and DCM.

The funding will go towards furthered expansion, which is nigh, as social mobile networking really begins to show its relevance in the space.  mig33’s efforts will be somewhat focused in the entrainment department, which is a trend we discuss as things like high-definition find their way into the mobile space as well.

In a statement, company CEO Steven Goh expressed his and company’s aspirations as follows:

“mig33’s goal is to replicate the East Asian Social Networking Service model to the rest of the world,” said Steven Goh, CEO and co-founder of mig33.  “The partnerships we’ve established today will be strategic in helping us consolidate our lead in emerging Asia, as we tap these big, underserved markets.”

The rise in smart phone users and better internet usage options have lead to the popularity of mobile social networking. One of mig33’s leading edges is its recently launched social gaming platform, which hops on another bandwagon–one that’s already demonstrating high returns, particularly for platform owners.


A message from John Furrier, co-founder of SiliconANGLE:

Support our mission to keep content open and free by engaging with theCUBE community. Join theCUBE’s Alumni Trust Network, where technology leaders connect, share intelligence and create opportunities.

  • 15M+ viewers of theCUBE videos, powering conversations across AI, cloud, cybersecurity and more
  • 11.4k+ theCUBE alumni — Connect with more than 11,400 tech and business leaders shaping the future through a unique trusted-based network.
About SiliconANGLE Media
SiliconANGLE Media is a recognized leader in digital media innovation, uniting breakthrough technology, strategic insights and real-time audience engagement. As the parent company of SiliconANGLE, theCUBE Network, theCUBE Research, CUBE365, theCUBE AI and theCUBE SuperStudios — with flagship locations in Silicon Valley and the New York Stock Exchange — SiliconANGLE Media operates at the intersection of media, technology and AI.

Founded by tech visionaries John Furrier and Dave Vellante, SiliconANGLE Media has built a dynamic ecosystem of industry-leading digital media brands that reach 15+ million elite tech professionals. Our new proprietary theCUBE AI Video Cloud is breaking ground in audience interaction, leveraging theCUBEai.com neural network to help technology companies make data-driven decisions and stay at the forefront of industry conversations.