Sinemia, a monthly movie membership club where we’re investors, completed its second funding round in August of this year.
Immediately following the round, 500 Startups expressed its interest to invest in Sinemia. Given Sinemia’s plans to grow abroad with an initial focus on the US market, a global fund with a US presence like 500 Startups has the potential to be a great partner for the company.
Sinemia therefore decided to bring 500 Startups onboard and the small strategic round was announced yesterday. We welcome 500 Startups to the company.
Sinemia’s US expansion is up next.
Also published on Medium.