August 27, 2024
myco, a Web3 streaming platform based in Dubai, UAE, has secured $10 million in Series A funding. The funding round included contributions from Daman Investments, Aptos Labs, B Digital, Mocha Ventures, Art3 Foundation, Ghaf Capital Partners, Mix Media Network, Factor6 Capital Partners, Enjinstarter, and angel investors. Additionally, 88 investors participated through Republic.com. The company plans to use the funds to expand its operations and development efforts.
Project | Latest Raise | Latest Raise Date | Stage | Category |
|---|---|---|---|---|
Myco | $10M | August 27, 2024 | Series A | Web3 |
Founded by Umair Masoom, myco is a content streaming app that combines AVOD (ad-supported video on demand) and SVOD (subscription video on demand) within a decentralized environment. The platform offers a wide range of content, including live sports, films, documentaries, influencer and user-generated content, and over 1 million videos. It has more than 13 million registered users and over 3 million monthly active users from over 190 countries.
About myco
myco is a Web3 streaming platform based in Dubai, UAE. It allows users to watch content like live sports, movies, documentaries, and user-generated videos. The platform combines ad-supported and subscription-based models in a decentralized environment. Users can earn rewards while watching content, and content creators can receive support for their projects. myco has over 13 million registered users and more than 3 million active users each month from around the world.
About Investor
The funding round included contributions from Daman Investments, Aptos Labs, B Digital, Mocha Ventures, Art3 Foundation, Ghaf Capital Partners, Mix Media Network, Factor6 Capital Partners, Enjinstarter, and angel investors.
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