Venture • Digital Media

General Atlantic Invests In Kumu

On October 27, 2021, growth capital firm General Atlantic invested in digital media company Kumu

Investment Context
  • This is General Atlantic’s 4th transaction in the Digital Media sector.
  • This is General Atlantic’s 1st transaction in Philippines.

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Investment Summary

Date October 27, 2021
Target Kumu
Sector Digital Media
Investor(s) General Atlantic
Deal Type Venture

Target Company

Kumu

Makati, Philippines
kumu is a social entertainment app in Philippines, made by Pinoys. kumu has also innovated ways to engage and reward its users online, such as the endlessly fun livestream challenges of kumu Campaigns, and the user-driven hub of the Kumunity. By working closely with its partners and users alike, kumu continued to expand its offerings into multiple industry sectors, such as kumu Gaming and Shopkumu e-commerce. Kumu was founded in 2018 and is based in Makati, Phillippines.
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Investor Overview 1

Investor

General Atlantic

Investor Investor Investor Investor Investor


Category Growth Capital Firm
Founded 1980
PE ASSETS 105.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

General Atlantic is a large private equity firm that invests globally in growth-oriented public and private companies. Broad areas of interest include financial services, media and consumer, healthcare, enterprise solutions, communications and electronics, and energy. General Atlantic looks to invest $40 to $400 million in transactions that support growth, expansions, buy-outs, consolidations and build-ups. General Atlantic seeks to make 8 to 12 investments per year with an investment horizon of five to ten years. The Firm's geographic coverage spans North America; Europe; Asia/Pacific; and India. General Atlantic was formed in 1980 and is based in New York, New York.


Deal Context for Investor #
Overall 302 of 365
Sector: Digital Media 4 of 5
Type: Venture 82 of 98
Country: Philippines 1 of 1
Year: 2021 38 of 46
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2021-10-27 Devo

Cambridge, Massachusetts, United States

Devo is a cloud-native logging and security analytics company that collects and analyzes an enterprise’s machine, business, and log data to provide real-time security insight for both security and IT operations professionals. Devo was founded in 2011 and is based in Cambridge, Massachusetts.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2021-10-28 HireRight

Nashville, Tennessee, United States

HireRight is a global background screening company that offers innovative solutions to help organizations screen and manage their workforce. HireRight was founded in 1990 and is based in Nashville, Tennessee.

Sell -

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