Singapore: SPH Media Fund participates in $13m Wochit investment

Singapore: SPH Media Fund participates in $13m Wochit investment

Social video creation platform Wochit has secured the receipt of $13 million in strategic investment from media conglomerates ProSiebenSat.1, Singapore Press Holdings’ SPH Media FundCarlo de Benedetti and several existing investors including Redpoint, Marker LLC and Cedar Fund.

According to the company, the funds will be used to further enhance Wochit’s technology and to expand its business with publishers and content creators worldwide.

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