2011-05-24 23:00 
Funding allows for team
expansion coinciding with imminent beta launch of the world's first
Social Exchange™
SINGAPORE, May 24, 2011
/PRNewswire-Asia/ -- MyCube announced that it has closed funding
from Black Ocean Group and other prominent individual
investors. This brings the company's total funding to over
US$8 million.
MyCube is the world's first "social
exchange", a next-generation social network which gives individuals
full privacy, ownership and control of their digital lives and
enables them to connect and share with others on their own
terms.
"While social media has been a great
development, it is now clear that there are some fundamental flaws
in the relationship between these services and their users," said
Johan Stael von Holstein, MyCube CEO. "These services don't respect
our privacy, try to get us to share more than we want, stake a
legal claim to our content and determine how we interact with each
other. At MyCube, we believe that your digital life is yours to
own, control and monetize, and we are launching a service that
enables exactly that."
The company was founded in 2008 by
Swedish serial entrepreneur Stael von Holstein and 3 others, is led
by a highly experienced management team, and has over 40 employees
based in Singapore. This round of funding validates
significant company success to-date. "This is an exciting
time for the company and we're thrilled to be involved in the
growth of what we see as an industry-disrupting offering,"
continued von Holstein. "With this new round of funding we will
have fully in place the resources we need to build the next great
internet company."
About MyCube
MyCube is the world's first Social
Exchange™, allowing individuals and organizations to store and
share their information, updates and content with others, while
retaining full privacy, ownership and control. To request an
invitation to MyCube, please visit www.mycube.com, or for
more information please see news.mycube.comor
email [email protected].
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SOURCE MyCube