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Bubble Motion receives $10m B round financing from Singtel, Infocomm Investments and existing investors
31 March 11
Singapore-based Bubble Motion with its headquarters in California has raised $10 million (USD) in growth capital to accelerate the roll-out of its voice-based social communications service that has attracted millions of consumers across Asia. Led by SingTel Innov8, the SingTel Group’s corporate venture capital fund, this round also includes Singapore’s Infocomm Investments in addition to insiders Sequoia Capital, Palomar Ventures, and NGC.
“We have been impressed with the strong growth of the Bubbly service across Asia and are excited to be joining up with the Bubble Motion team” said Yvonne Kwek, CEO of SingTel Innov8. “We are looking forward to working with the company to build and expand on their early success.
“We are excited to have SingTel Innov8 and Infocomm Investments join our group of existing investors as we continue to shape the mobile social media landscape in Asia and beyond,” states Bubble Motion CEO Thomas Clayton. “Given our focus in mobile social media in Asia, these two new investors are the perfect fit for our current strategy and we’re very excited to have them onboard.”
“Bubble Motion has assembled a world-class team in Singapore. It is yet another leading tech startup leveraging Singapore’s position as a base for technology innovation and to address the fast-growing Asian market,” said Dr Kuo-Yi Lim, CEO of Infocomm Investments. “Infocomm Investments is pleased to join a distinguished team of investors and be a strategic partner to Bubble Motion.