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CCV Portfolio Lomotif, One of the Top Worldwide Social Video-Sharing Apps, Completes Acquisition by ZVV Media
September 1, 2021 5:01 AM EDTBEIJING, Sept. 1, 2021 /PRNewswire/ -- CCV portfolio Lomotif has been acquired by ZVV Media, a joint venture of ZASH Global Media and Entertainment Corporation ("ZASH"), and Vinco Ventures. CCV is the first institutional investor of Lomotif, who led the company's series A round in 2018. Until the acquisition, CCV is the largest institutional shareholder of the company.
Lomotif is one of the top short form video platforms in the world with hundreds of millions of installs around the world and tens of millions of monthly users (*Sensor Tower data, June 2021), out of which over 31 million are on-platform... More
