Triller Inc. and GEM Global Yield LLC SCS have secured $310 million in funding from GEM, a private alternative investment group with its headquarters in Luxembourg. Following a public listing of Triller’s common stock, GEM will grant Triller up to $310 million in equity capital for a 36-month period under the terms of the agreement. Triller will be able to expand its toolkit for the creator community and achieve breakeven or profitability in the near future thanks to the capital injection from GEM.
Triller has experienced rapid growth. We had no revenue when we first started in 2019. We are currently on pace to surpass $100 million in sales this year. More than 350 million people have downloaded the Triller app, and the business partners with thousands of top artists and some of the biggest brands in the world, disrupting the entire creator community, according to Mahi de Silva, CEO and chairman of Triller.
Triller is an open-garden AI-powered platform for content creators that encourages its influencers to share the content they produce on the app across various social media networks. Triller also uses its own AI technology to push and track their content virally to affiliated and non-affiliated sites and networks, allowing them to reach millions of additional users.
According to a statement from the company, Triller has 10 business lines, eight of which are break-even or profitable, and conducts 750 million interactions every quarter, each of which has the potential to be monetized by the company in the future.
According to a statement from the company, Global Emerging Markets (GEM) is a private alternative investment group with headquarters in Luxembourg. It manages a variety of investment vehicles with a focus on emerging markets and has completed over 530 transactions in more than 70 countries.
