UMG Idealab, the Indonesia-based venture arm of UMG Group Myanmar, has invested an undisclosed amount in SociaBuzz, an online marketplace that connects businesses/individual customers with social media influencers/creators/talents.
SociaBuzz CEO Rade Tampubolon said in a statement that the seed funding will be used for improving its line of products and marketing.
Founded in 2015, SociaBuzz aims to link individuals and businesses with suitable content creators and talents for their personal/business needs. Currently, the startup has around 72,000 influencers/creators/talents and 1,350 active users (both businesses and customers).
The company runs multiple products to help creators and talents profit from their passion and creativity.
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