LIVEhouse.in, a real-time video platform based in Taipei, Taiwan, has raised $350,000 in seed funding from Cherubic Ventures. The company will use the capital to expand its team.
Users can set up channels on LIVEhouse.in, which include chatrooms in addition to a live video feed. LIVEhouse.in claims it is currently Taiwan’s leading live streaming video platform with one million users (to put that number in context, Taiwan’s current population is about 23 million).
CEO and co-founder Sega Cheng says that the startup is targeting a “pan Asia” expansion, but has not decided which countries it will enter first. In order to differentiate from formidable rivals, including Twitch, YouTube’s Live Events, Brightcove, and Chinese real-time video platforms Tiange and YY.com, LIVEhouse.in will target different verticals in each market. In Taiwan, it currently focuses on gaming, music concerts, and e-commerce.
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