The investment is the series C round for mig 33, which seems to use the capital for expanding the services to smartphones. Other investors are not disclosed. GREE invests several million dollars to obtain several percent.
mig33 is mobile SNS targeting for feature phones, which has 40 million users in total mainly in south east Asia expanding to India, Africa, Middle East and eastern Europe. Monthly active users are said to be around 4 million.
Before the series C, mig33 has got investment of $23.5 million from venture capitals such as Accel Partners, Redpoint and DCM.