File Transfer App Send Anywhere Raises $6M From Rakuten Ventures

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On January 21, file transfer service Send Anywhere’s developer Estmob announced $6M of funding from Rakuten Ventures, a VC firm for Japan’s largest e-commerce company – Rakuten. Estmob has raised $1M back in last May from the same VC firm.

Estmob is the creator behind Send Anywhere, a peer-to-peer file sharing service where files can be transferred by inputting one-time six digit code available in multiple devices including mobile phones and PCs, all without logging in or signing up. According to the figure from December 2015, Send Anywhere holds about 1.5M Monthly Active Users. Having recently unveiled its latest version,Send Anywhere 3.0, the app strengthened various features such as multi-transfer, auto-resume, as well as history room. The updated version is now available in Android devices. iOS and Desktop versions will be updated in the coming months.  

Founded by Rakuten, Rakuten Ventures is constructed with $80M of venture funds that specifically invests on beginning-stage startups in Asia Pacific, US, and Israel. It is especially taking a closer look at Internet service-based startups and has been investing not only in Send Anywhere but also in Carousell, AdsNative, and PocketMath.

In explaining the investment background, Rakuten Ventures’ Managing Partner Se-Min Ahn, who led both of investment fundings for Send Anywhere, said “Send Anywhere possesses monopolistic file transfer technology by tenaciously concentrating on two core values – ‘convenience’ and ‘efficiency’. Based on these values, Send Anywhere was able to fulfill users’ needs as fast as possible, which enabled them to achieve more than fivefold of growth after having received their first funding.”

Based on the funding, Estmob plans to further strengthen its technology by concentrating on recruiting advanced software engineers, as well as to optimize marketing strategies to steepen the growth curve in the global market.

“We are pleased that Estmob’s technology and Send Anywhere’s steady growth potential have been recognized by others. We hope to further cultivate and preserve our core values and deliver higher-end service to become the world’s representative file transfer service,” said Yoon-Sik Oh, CEO of Estmob.

-Inspired by Platum

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