24 Aug '12, 8am

Bubble Motion receives additional $5M from Japan’s Largest VC, JAFCO, to continue rapid global expansion

Bubble Motion receives additional $5M from Japan’s Largest VC, JAFCO, to continue rapid global expansion

CEO of Bubble Motion, Tom Clayton also shared that they had to turn down a lot of inbound interest. As revealed by TheNextWeb , some of the offers Bubble Motion had to turn down was the one from the Saudi Prince Alwaleed. The new funding by JAFCO was taken purely on the basis of strategic value, rather than a need for capital. Back in July last year, Bubble Motion also secured a partnership deal with Indonesia’s Telkomsel . Both the partnership with Telkomsel and JAFCO reflect the importance of strategic value for Bubble Motion. “But with such a prestigious and well-connected VC like JAFCO, we know they can add tremendous value to our business across Asia, especially in Japan, so it was a no brainer to accept this investment.” The new investment will also bring the total amount of investments to $50Million.

Full article: http://e27.sg/2012/08/24/bubble-motion-receives-additiona...

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