Muzy, a mobile micro blogging services developer, recently announced its $4.4 million fund acquisition after it closed the fundraising round. Lead investors in the fund were WPP, NTT Docomo's Silicon Valley investment and venture arm DOCOMO Capital, Recruit Strategic Partners, the corporate venture capital subsidiary of Recruit Holdings, Xuyang Ren, a Chinese investor who is also previously vice-president of Baidu's Corporate Development section, and ex-CTO of Qihoo 360 Jianfeng Lu.
Muzy is headquartered in San Francisco. The company was launched in 2011 by Andrew Chen and Matt Rubens.
As of this month, the company offers about 50 mobile publishing applications and tools that service the global blogging and sharing market. The company also claimed to be among the 'Top 100 photo apps' in over 70 countries.
"This investment allows us to build stronger distribution in Asia, with our new partners in Japan and China," stated Andrew Chen. "We also look forward to partnering with WPP and its significant clients to develop our advertising model," he added.
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