Camera360 one of the most popular camera apps among smartphones has raised US$18 Million in its latest round of Series B Financing. The investment was led by SIG (Susquehanna International Group) China, along with existing investors, Gobi Partners and Matrix Partners.
Recently we had reported that Audio Camera feature popular on android and iOS platforms is coming to Windows Phone. With this new move, monetization will become the key focus and Camera360 is confident that it will be able to build a sustainable business while maintaining a similarly high level of user experience.
"This new round of capital will help to support the company's new product development and to expand management team capabilities," said Mr. Hao Xu, CEO of Camera360. "It will enable us to build on our core competencies in mobile camera and cloud management services.It has always been the mission of Camera360 to provide its users with comprehensive mobile photography services, from photo takingto backup, storage, management, and sharing across different devices and platforms." added Mr. Xu.
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