Toonsutra raises funding from Funimation founder Gen Fukunaga
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Commenting on Toonsutra, Fukunaga said, «The webtoon market is experiencing explosive growth globally, reminiscent of the anime boom we saw with Funimation. Toonsutra's innovative approach to bringing world-class content to Indian audiences, combined with their deep understanding of local preferences, positions them perfectly to capitalise on this trend. I'm excited to bring my experience in building global fan communities to help Toonsutra become the definitive platform for digital comics and pop culture in India.»
The webtoon comic app is backed by a leading group of investors, including the Sony Innovation Fund, Maiora Capital, Kun Gao (Co-Founder, Crunchyroll), Jeremy Liew (partner, Lightspeed), Kevin Lin (Co-Founder, Twitch), Patrick Lee (Co-Founder, Rotten Tomatoes), Holly Lui (Co-Founder, Kabam), Benjamin Grubbs (Co-Founder, CreatorPlus), and Steve Chung (former CEO of Americas, CJENM).
Toonsutra, founded by Sharad Devarajan and Vishal Anand, is the top comic app in India, with over a million downloads across Apple and Android stores. It has partnered with major global publishers to bring over 550 titles and 250,000 episodes of webtoon comic content in local Indian languages.
Vishal Anand, Toonsutra’s CEO, said, "Gen Fukunaga's decision to join Toonsutra as an investor and advisor is a testament to the immense potential of the Indian digital content
