500 Startups and DeNA Invest in Zeemi.tv and Blisby (Asia)

Source: Tech in Asia | Author(s): Leighton Cosseboom, Daniel Tay

Venture capital firm 500 Startups and the venture arm of Japan-based e-commerce firm DeNA have participated in a seed investment round for two companies: Zeemi.tv, an Indonesia-based live-streaming entertainment company, and Blisby, a Thailand-based online marketplace for handicrafts. Zeemi.tv raised more than US$1 million and will use the fresh investment for marketing and technology improvements and for the development of Zeemi’s mobile platform. Asia-focused seed and early stage venture capital firm East Ventures and DeNA led a US$300,000 seed round for Blisby, with participation from 500 Startups. The new capital will be used for expansion into Indonesia and Malaysia, as well as for product development and promotion.