Japanese App TwitCasting That Lets You Stream Live Videos And Tweets Raises First Round Of Funding

Japan’s TwitCasting that lets you stream live video from your iPhone or Android has announced that it has raised $0.64M from East Ventures

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Wonder if you would have ever thought of live streaming yourself while tweeting. Twitter is yet to think on such features but Japan’s TwitCasting created by Moi Corporation, is a service that lets you stream live video for free right from your iPhone or Android. The service that is quite popular in Japan has announced that it has raised $0.64M from East Ventures and Angel Investors (News source: e27).

TwitCasting, apart from being available on mobile devices, has a web app and is also available in English along with Japanese language. The app that has a choice of a Twitter as well as a Facebook login, also recommends on different kinds of live chats to follow such as Movies Only, Music Only and Radio Only.  One can join such live streaming or can click on the Broadcast button to start one’s own live chat. The app is quite closely integrated with Twitter and has really cool features like saving the video, subscribing, live tags, etc. However, the web app which is more like a group video chat and could be useful during events, has a bit cluttered interface with too many ads on the site.

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The service which has more than 2.4 million users – 80% from Japan, 10% from Brazil and 10% from other countries plans to invest the money in developing the platform and acquiring core team members. Speaking on the occasion, Yosuke Akamatsu, CEO of Moi Corporation stated that the funds will fuel the app’s growth which is witnessing ‘hockey stick’ growth from last summer.

Along with the funding, the company has also announced that Taiga Matsuyama, a partner at East Ventures, will take a seat at MOI’s board of directors. Exciting times ahead for TwitCasting that has managed to scale in the recent times due to the youth possibly joining the platform to make new friends online.

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