StarNews Mobile Funding Round

10/31/2023

Venture Equity

$3,000,000

Seed

This funding will equip the Los Angeles-based company, currently with 40 employees, to better support its creators and gradually enhance payouts in the coming years, a crucial step in bolstering the region's creative industry.

Private & Independent

Consumer

1450 2nd Street
Santa Monica, CA 90401
USA

Undisclosed

StarNews Mobile is a leading media platform in Africa that empowers content creators by providing exceptional opportunities to connect with their fanbase and monetize their valuable content. As Africa emerges as the most promising continent in the world, we recognize the tremendous potential of its vast audience of young individuals who are hungry for engaging and premium video options. Unlike conventional video platforms that merely replicate business models from elsewhere, we understand the importance of honoring how Africans consume content. With strategic alliances established with major telecom companies, StarNews Mobile is uniquely positioned to deliver exclusive video content directly to mobile users. This seamless integration ensures effortless access to their favorite creators, bridging the gap between content creators and their loyal fanbase, and allows us to offer micro-transactions that are integrated into their mobile billing systems.