Taiwanese startup Kdan Mobile raises $5M Series A for its cloud-based content creation tools

TechCrunch | 4/17/2018 | Catherine Shu
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Kdan Mobile, a Taiwanese startup that makes cloud-based software for content creators, announced a $5 million Series A today, raised from investors including W.I. Harper Group, Darwin Venture Management and Accord Ventures. Founded in 2009, the Tainan City startup says its products have been downloaded more 120 million times, with about 40% of its customers located in the United States.

Its Series A takes Kdan Mobile’s total funding so far to $6.5 million. The capital will be used for product development, including blockchain-based encryption for documents and real-time collaboration features, to appeal to enterprise and education users. The company also plans to spend more on user acquisition in the U.S. and China, two of its growth markets.

Kdan - Mobile - Products - Creativity - Software

Kdan Mobile’s products include Creativity 365, a software suite with a mobile animation creator and video editor, and Document 365, launched last year to attract enterprise users. The company also recently began offering new subscription plans for businesses and educational organizations and claims that its cloud platform, called Kdan Cloud, now counts over 3.5 million members.

Founder and chief executive officer Kenny Su says Kdan Mobile is seeking new partners that will allow it to establish a bigger presence in markets like Japan. One of its Series A investors, Accord Ventures, is based in Tokyo, and Kdan Mobile may start marketing to the country’s animation industry, Su tells TechCrunch. The company already has partnerships with Taiwanese mobile services provider GMobi,...
(Excerpt) Read more at: TechCrunch
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