Angel Investments
Webtoon startup TOONSUTRA raises funding
TOONSUTRA, an India-focused mobile webtoon startup which has been incubating in stealth mode, announced it closed an oversubscribed pre-seed round for USD 1.1 million. The new startup was incubated at character entertainment company, Graphic India and was founded by media entrepreneur, Sharad Devarajan. The funds came from an acclaimed group of global investors and entrepreneurs including, Patrick Lee, Co-Founder, Rotten Tomatoes; Kevin Lin, Co-Founder, Twitch; Kun Gao, Co-Founder, Crunchyroll; Jeremy Liew, Partner, Lightspeed Venture Partners; Holly Lui, Co-Founder, Kabam; Ray Chan, Co-Founder, 9GAG; Rishad Tobaccowala, Fmr. Chief Growth Officer, Publicis Group; Michael Maher, Founder, Start Media; Vishal Anand, Fmr. Chief Product Officer, Dailyhunt; Benjamin Grubbs, Co-Founder, CreatorPlus; George Nolfi, filmmaker; Sandeep Kumar Sood, Co-Founder, Junglee Games; and others. TOONSUTRA is building a ‘Webtoons meets Web3' platform with a mission to become India's new storytelling home for disruptive creators across the country to experiment, innovate and create engaging webtoon comic stories and digital collectables.
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