Investment brings Gushcloud to the USA
Singapore - Social marketing platform Gushcloud has opened its business operations in San Francisco, after receiving investment from F&H Fund Management.
The locally-launched crowd-sourced platform received sufficient funds from John Wu, founder of F&H Fund Management, for them to open business operations in San Franciso, and to scale up and create businesses in Malaysia and Indonesia.
Gushcloud is unable to reveal the investment sum.
"It's substantial enough for us to roll over in three officers in Singapore, Malaysia and the US for the next six months," Althea Lim (pictured), chief marketing officer at Gushcloud, told Marketing.
She added that half will go to the company's marketing strategies in the US. Vincent Ha, CEO of Gushcloud, and his team have made plans to boost Gushcloud in the States.
"Vincent and the team are looking at working with some music artistes to launch their music albums with Gushcloud. He is also employing three more to join the San Francisco office," Lim added.
The Gushcloud team was introduced to F&H Fund Management about six weeks ago, and a month later, Wu presented the team with a Term Sheet Investment, after been impressed with Gushcloud's presentation.
Since its launch last year, Gushcloud has about 40,000 active members to date, solely dependent on word of mouth and viral forms of marketing.
"With this investment, we are looking at tying up partnership with more media owners like MediaCorp and the Movie Distributors," Lim shared.
She added that Gushcloud will be rolling out a mobile application next month, and has plans to launch a marketing campaign soon, linking up with a major international partner.
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