Collab Raises $3 Million Series A Round To Expand Its Footprint Across Asia

LOS ANGELES, Nov. 1, 2017 /PRNewswire/ -- Collab Inc. today announced it has raised US$3 million in Series A funding from Altos Ventures of Menlo Park, California. The company has launched Collab Asia, Inc., spinning off from Collab, Inc. a leading, independent influencer network and rights management company based in Los Angeles, to create localized content for Asia and focus on helping creators produce, distribute, monetize, and build audiences for their original content across multiple digital platforms.

Collab Asia has set up offices in Seoul, Korea, Tokyo, Japan, and Jakarta, Indonesia and is already managing hundreds of YouTube channels in the region.  Representing over 550 channels in Korea, Japan, other key Asian markets.  The channels encompass a cross-section of interests including gaming, beauty, music, kids, lifestyle, animation, comedy and other formats of engaging, viral content. Collab Asia's network currently generates over 250 million monthly views on YouTube alone.

Collab and Collab Asia are constantly leveraging their relationships on both continents to provide a truly global network for digital content creators, audiences, and brands. Collab Asia has utilized the successful model pioneered by Collab at the intersection of digital content, distribution, and monetization, to gain major traction within a small timeframe. Collab US will remain an active part of the new venture, as Co-CEO James McFadden and COO Soung Kang, will both sit on the board of directors for Collab Asia.

Since 2012, Collab has helped digital content creators produce, distribute, monetize and build audiences across multiple social media platforms. Collab works with several top content creators including, David Dobrik, Gabbie Hanna, DeStorm Power, and King Bach, as well as major UGC libraries Storyful (a division of News Corp.) and Vin Di Bona Productions. Collab manages approximately 1,000 YouTube channels with a combined reach of over 3.5 billion monthly views.

Additionally, Collab consults with brands to create monetization strategies and new revenue streams. Collab's content library features some of the most popular viral content on YouTube, and provides brands and agencies with advertiser- safe content for cutting-edge marketing campaigns and commercial use.  It has produced highly engaging content for dozens of brands including Coca-Cola, the National Football League, the Hershey Company, and Red Bull Media House, among others.

For more information, reach out to: [email protected]

SOURCE Collab Inc.