Kamcord has received $7.1 million led by TransLink Capital to be used for corporate purposes including app improvement and expansion in Asia.
The company is the manufacturer of software-development kits that allows game makers to add video recording their mobile apps. Last year, there were more than 1 million videos shared by gamers using Kamcord.
The investment round was also participated by other financiers including DeNA, XG Ventures, KLab, SV Angels and M&Y Growth Partners.
Meanwhile, the lead financier for the funding round TransLink is an Asian focused venture capital firm that would help Kamcord’s entry to key markets in the region including Korea, China and Japan. The three countries are the largest in the mobile gaming industry in terms of user spending.
According to Kamcord co-founder Aditya Rathnam, “We’re really excited to work with TransLink to help us grow our operation here in the States as well as in Asia, which is a huge market for us. In terms of gaming, [Asia] is bigger than North America and Europe put together, so we’re really excited to work with them on this front.”
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