Mig33, a social network with more than 40 million users that started out on mobiles and is now moving to the web, has raised $8.9 million in third-round funding. This brings the social network’s funding to more than $34 million since its founding in 2005.
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Mig33, a mobile social service with 34 million members, in October of 2009 decided to shift its center of gravity to where its customers were: Asia. It also went from selling voice minutes to social games and virtual goods. The moves seem to be paying off.
What do mig33, iSkoot and Truphone have in common? They are all startups that have raised gobs of money from venture capitalists. They all offer mobile VoIP clients. And now, all three are looking beyond plain vanilla voice services as they try and navigate the new, post-credit crunch economic reality.
These startups are realizing that in order to make real money they would need to create billions of minutes in calls to off-net services. It is a game only the biggest -– Skype (s EBAY), for instance –- can play. And even then, making profits isn’t all that easy. More than a few startups have died trying to play the low-margin minutes game. (Related post: VoIP – Dead or Alive?)
For these three , the sheer size of their VC funding — over $100 million among the trio — provides a cushion while they plot their evolution. Read More about Mobile VoIP Startups Looking Beyond Cheap Calls
Steve Boom, Yahoo’s former SVP of Connected Life, which includes mobile, has been appointed to the position of CEO at mig33, a mobile social…
Mobile messaging company mig33 has raised $13.5 million to push its mobile social networking platform into the U.S. After receiving a $10 million round of funding last year, the company moved its operations from Australia to Burlingame, Calif. Now, with an eye on what CEO and Co-founder Steve Goh calls the “different dynamics” of the mobile environment in North America, mig33 is developing a web-based platform that will augment its existing mobile platform.
Mobile social network mig33 announced today it has received $13.5 million in a second round of funding led by Menlo Park-based VC firm DCM.…
[qi:090] Mobile VoIP is going to become a major force over the next five years, rapidly outpacing voice over Wi-Fi, according to a recently released report by research firm Disruptive Analysis. The report predicts that the number of VoIP over 3G users will top 250 million by the end of 2012 — from virtually zero in 2007. The caveat, of course, is if carriers allow it. If T-Mobile’s recent fracas with Truphone is any indication, the carriers are worried about VoIP over 3G.
* mig33, a mobile communications service provider, is adding over 20,000 users a day and now has eight million subscribers. The company is adding new features and slowly becoming a mobile social network. And as they get their makeover, Jajah is adding a new service that reminds me of the old mig33, Rebtel and Talkplus.
* Jajah’s new service, called Jajah Direct, will allow you to make international calls for free or at local rates. Go to the their Local Access Number web site, enter the international number you want to call and get connected. After your first call, you will receive a unique local number for each of your contacts that you can store in your phone or address book for future dialing.
Jajah’s Frederik Hermann just emailed and said that “you never have to be online to sign up for JAJAH Direct, you can sign up over the phone and manage your account from there. We will give out the local access number to our premier target groups, immigrants and expats on a flyer and they can go from there, no Internet access needed.”
Read More about A Mobile VoIP Forecast & What’s Up With Jajah, Raketu & mig33
[qi:86] In countries where international long-distance rates are high, mobile services like mig33’s mobile instant messenger and VoIP calls are starting to gain a sizable user base. The Burlingame, Calif. startup, which was an eTel/GigaOM Launch Pad startup, says it has signed up more than 7 million users to date and has added several new features, including Google Talk (GOOG).
The startup’s 7 million members and growing user base actually surprised me a bit — the company said it had 6 million members in July — given that its main approach is to use downloadable mobile software. Mobile clients can often be a barrier to entry when attempting to build a sizable amount of users, particularly for services that are supposed to save users money. For those that don’t want to download, the company also recently added a WAP site. Other mobile callback/calling type services that offer lower-cost minutes include Jajah and Cellity.