About Meme Chat
Meme Chat is a Media & Entertainment company based in Hong Kong (China) founded in 2016, and was acquired by 17Live in November 2019. User-generated videos are streamed, curated, and monetized in real time. Meme Chat has raised $25 million across 1 funding round from investors including FunPlus, 17Live and GSR Ventures. The company was acqui-hired. Its focus areas include OTT Video, OTT Streaming Platforms, User Generated Content (UGC) and Diversified. Its competitors include Bilibili and Tudou; 1 of its 2 listed competitors has raised funding.
Company details
Founded in 2016 in Hong Kong, China, Meme operates as an online video streaming platform focused on user-generated content. Real-time discovery, creation, and curation are facilitated within the video player interface. Live streamers are supported in uploading videos, developing followings, interacting with audiences, and generating revenue via advertisements and digital gifts.
Funding Insights of Meme Chat
Meme Chat has successfully raised a total of $25M through 1 strategic funding round. The most recent funding activity was a Series A round of $25 million completed in December 2016. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $25M
- Total Rounds 1
- Last Round Series A — $25M
- First Round $25M
(Dec 2016)
- Investors Count 5
All 1 funding rounds of Meme Chat with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec 2016 | $25M | Series A | – | GSR Ventures, Mayfield | – |
6 investors in total: 6 institutional.
Investors in Meme Chat
Meme Chat has secured backing from 6 investors, including institutional and venture fund investors. Prominent investors backing the company include FunPlus, 17Live and GSR Ventures.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Mayfield is focused on AI innovation and venture capital investments. | mayfield.com | Menlo Park, United States | ||
Early stage VC firm investing in the US | signiaventurepartners.com | Menlo Park, United States | ||
Investments in early-stage technology companies are made by GSR Ventures. | gsrventures.com | Beijing, China | ||
Provides a social metaverse platform for like-minded individuals. | 2015 | inkeverse.com | Beijing, China | |
Mid-core role-playing and strategy games are developed by FunPlus. | 2010 | funplus.com | San Francisco, United States | |
Video-sharing platforms for livestreaming are developed by 17Live. | 2015 | 17live.com | Taipei, Taiwan |
Investor details for Meme Chat
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Timeline of Meme Chat
3 dated milestones of Meme Chat across 3 years, from founding to its latest funding, stage changes and deals.
- Founded Meme Chat is founded.
- Funding First funding round of $25.0M.
- Exit Acquired by 17Live.
Competitors of Meme Chat
Meme Chat has 2 listed competitors in our database, 1 of them funded. They include Bilibili and Tudou.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| bilibili.com | 2010 | Shanghai, China | 1,890 | Anime videos are streamed and user content is hosted online. | ||
| tudou.com | 2005 | Shanghai, China | $126M | Social platform for sharing videos |
Detailed competitors of Meme Chat
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Frequently Asked Questions about Meme Chat
Meme Chat was founded in 2016.
Meme Chat is headquartered in Hong Kong, China.
Meme Chat is a funded company, having raised a total of $25M across 1 funding round to date. The company's 1st funding round was a Series A of $25M, raised on Dec 2016.
Founded in 2016 in Hong Kong, China, Meme operates as an online video streaming platform focused on user-generated content. Real-time discovery, creation, and curation are facilitated within the video player interface. Live streamers are supported in uploading videos, developing followings, interacting with audiences, and generating revenue via advertisements and digital gifts.
Meme Chat has 6 investors. Key investors include FunPlus, 17Live, GSR Ventures, Mayfield, and Signia Venture Partners.
Yes. Meme Chat was acquired by 17Live in November 2019.