AAA Rakuten sends over $6m

Rakuten sends over $6m

Rakuten Ventures, the corporate venturing unit of internet company Rakuten,has invested $6m in ESTmob, the Korea-based developer of file sharing app Send Anywhere.

In May 2014, Rakuten led a $1m seed round for ESTmob.

Suhyuk Kang, ESTmob co-founder, told news provider TechCrunch in an interview: “We’ve considered other parties [for this round], but [adding] more investors can make it more complicated. Plus, Saemin [Ahn, Rakuten Ventures managing partner] wants to focus more on growth rather than monetization.”

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