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Hannibal X 8 years, 3 months ago.
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Send Anywhere, File Sharing Service, Secures $6M Series A from Rakuten Ventures
by Jon RussellSend Anywhere, a free peer-to-peer file sharing system, is getting a power boost of its own after ESTmob, the Korea-based company behind the service, landed $6 million in fresh funding.
The four-year-old company raised a $1 million seed round back in 2014 and this Series A was provided by in full by Rakuten Ventures, the VC firm and global fund associated with Japan’s top e-commerce firm. Rakuten Ventures led Send Anywhere’s seed round two years ago, which including participation from a number of angel investors.
It’s fairly rare to see a single investor front a Series A round. Many companies look to maximize their network and bring more minds onboard at this point, while, in Asia, it is even more common for investors to group together at this stage. But that’s not the case for Send Anywhere.
“We’ve considered other parties [for this round], but [adding] more investors can make it more complicated,” Estmob co-founder Suhyuk Kang told TechCrunch in an interview. “Plus, Saemin [Ahn, Rakuten Ventures managing partner] wants to focus more on growth rather than monetization.”
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