MiMedia Raises $15M To Accelerate Growth For Next Generation Consumer Cloud

Funds to Support Growth Initiatives and Global Partnerships

Jan 14, 2016, 09:00 ET from MiMedia

BROOKLYN, N.Y., Jan. 14, 2016 /PRNewswire/ -- MiMedia Inc., the next generation personal cloud for digital content, including photos, video, music and documents, has closed a $15M Series C funding round led by some of the most distinguished global family offices, including Thorney Investment Group (Australia), Whitebarn Associates, R&R Venture Partners, as well as a strategic investment from Micromax Informatics, India's leading smartphone manufacturer. 

This round brings the total invested capital to date to $35M. The new funding will enable MiMedia to accelerate growth, expand its management team and support its existing and launched global distribution partnerships with some of the world's largest tech, media and telecom companies.

"We are looking forward to taking MiMedia to the next level, expanding its reach and capabilities," said Chris Giordano, CEO of MiMedia. "In an effort to organize our digital lives from anywhere, on any device, we have built the best in market personal cloud. With proceeds from this round, we will be adding new and exciting features that create even richer experiences as well as launch other global partnerships to broaden MiMedia's reach to new audiences."

MiMedia is a service built exclusively for consumers, providing an elegant visual experience, a secure platform, easy organization and private sharing features for family and friends. It's available on all devices (smartphones, tablets, desktop, web and smart television) and digital files can be shared from any operating system. One key feature of MiMedia is its private sharing groups called "MiDrives", where users can share personal media among invited family and friends and add a narrative to turn visual moments into meaningful, personal and lasting stories. 

MiMedia is available on iOS and Android mobile devices (smartphones and tablets), accessible via all web browsers and its desktop uploader allows users to easily upload content from any personal computer (PC or MAC).

ABOUT MIMEDIA
MiMedia is a next-generation personal cloud. It's the digital home our memories deserve, finally. All the photos, videos, music and files you care most about in one awesome spot – safe, organized and accessible always on all devices. MiMedia cares about families and private sharing and has built a unique feature called "MiDrives," which allow for personal media to be kept securely and shared privately among invited family and friends. We're about simplifying, enjoying and sharing our digital lives and not getting buried by data or putting special moments in boxes. We offer consumers a rich and engaging experience plus powerful tools to curate, personalize and (re)discover your digital memories. MiMedia is NYC made, with people passionate about changing consumers' digital lives for the better.

SOURCE MiMedia



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