MyCube, a Singapore-based social network that allows users to store and share their information and content with others retaining major privacy, ownership and control, has raised $8m in funding.
Backers include Black Ocean Group and other prominent individual investors.
The company intends to use the funding for team expansion coinciding with imminent beta launch of the social network.
Founded in 2008 by CEO Johan Stael von Holstein,a Swedish serial entrepreneur and other three individuals, MyCube defines itself a Social Exchange™, which allows individuals and organizations to store and share their information, updates and content with others, while retaining full privacy, ownership and control.
According to a written statement, the company has over 40 employees in its offices in Singapore.