Zeemi.tv raises $1 million in seed funding from DeNa & 500 Startups

Visual from the company website

Zeemi.tv, an Indonesian live-streaming entertainment startup, closed a seed funding round in excess of $1 million, led by the venture arm of Japanese firm  DeNA and 500 Startups. The capital will go towards marketing and technology improvements, in addition to mobile app development and the mobile user experience, according to CEO and founder Thomas Damek.

DeNA runs Showroom, one of Japan’s like-minded live-streaming sites. Damek believes the involvement of DeNA will leverage on their expertise to facilitate Zeemi’s growth. Damek stated “Coupled with the 500 Startups’ network, we’re in a great position to make Zeemi a household name for millions of Indonesians.”

Users can share their experiences and talents on live video, across both mobile and desktop platforms. Through Zeemi, Damek seeks to establish it as a community forum for sharing emotion and insights, while also establishing a broadcast platform for performers to broadcast to friends, followers and a wide audience in real-time.

Viewers on Zeemi can send virtual gifts purchased through Zeemi to performer, who exchange these gifts for cash. This model is designed to motivate users and other popular broadcasters to produce high quality content.

James Riney, principal at DeNA’s venture arm, stated: “We’ve been bullish on live-streaming way before the recent hype, and see it as the next frontier in video and social. We’re excited to get behind Tom and his team, and build the leading creative outlet for Indonesians across the country.”

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Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.