Setlog developer New Chat secures seed investment from Z Venture Capital
The investor backs the private video-sharing app as it targets further international growth.
Z Venture Capital announced on 28 October that it invested in the seed round of New Chat, the company behind Setlog. The investment amount was not disclosed.
Setlog lets small groups of friends build a daily video log from short clips. After spreading in Korea, Japan became its largest market. The New York-based company now plans further expansion, including in the United States.
Use of funds
Expand Setlog into global markets including the United States