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Kdan Mobile gets USD$16M Series B. The investment would be spent on international expansion and Kdan founder Kenny Su expects to go public in 2 years.
Kdan Mobile Software announced that it raised USD$16M Series B funding successfully. Investors including Dattoz Partners, Taiwania Capital, Golden Asia Fund Mitsubishi UFJ Capital, and WI Harper Group. Dattoz Partners lead this series and will take a seat on the Kdan Mobile Board to help guide the company as it expands its global footprint.
"Investors of Series B are mainly strategic investors. We are growing rapidly around the globe. I expect Kdan Mobile to grow as big as 91App within 2 years, and we will go to IPO," said Kenny Su, founder and CEO of Kdan Mobile.
"We see tremendous growth in the market for software and solutions that empower the post-pandemic hybrid workforce. Kdan's powerful product suite and the leadership team’s ability to execute have led to its strong momentum in several key markets, including the U.S. and Asia markets," said Yeon Su Kim, Dattoz Partners' CEO, "We believe this performance is indicative of the company's future direction and we are thrilled to be a part of that. Kdan Mobile demonstrates exactly what we seek from a meaningful long-term investment."
According to Kenny Su, the popular e-signature service of Kdan Mobile, DottedSign, will be launched in Korea at the end of this year.
DottedSign is a cloud-based electronic signature service, built for small to medium-sized businesses, startups and business professionals’ signing needs. With the popularity and strong demand of DottedSign, Kenny Su predicts that the revenue generated by DottedSign would reach 20 % of Kdan’s revenue in 2 years.
"We are focused on creating solutions for the hybrid workforce of the future with products that streamline workflow across multiple computing platforms. We enable people to produce creative content on a mobile device and pick it up on a PC or laptop," said Kenny Su. "We recognize that inspiration happens anywhere, and you need to be able to work from your mobile device from the subway, a coffee shop or even from a camping site in the woods then pick that up when you’re back in the office. This funding validates our strategy and underscores the importance of our work."
Based in Taiwan, Kdan Mobile has grown to 200 employees globally this year, including 50 people from the US, Europe, Japan, and Korea offices.
Since 2009, Kdan Mobile has been devoted to developing productivity and multimedia content creation tools. Its most popular app, PDF Reader, has been recommended on Play Store and App Store main pages and received more than 70 million downloads worldwide. In addition, Kdan Mobile's solutions have been downloaded over 200 million times from the App Store, Google Play Store and Microsoft Store.
Kdan's main productivity solutions are DottedSign, a cloud-based electronic signature service, Document 365, a PDF document solution, and Creativity 365.
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