Singapore’s Paktor raises $10m for Japan, Korea expansion
Paktor, a Southeast Asia-focused mobile dating app, has raised $10 million in a new round of funding led by Japan’s YJ Capital, the corporate venture arm of Yahoo Japan.
New investors Global Grand Leisure, Golden Equator Capital and Sebrina Holdings Venture Capital, as well as existing backers Vertex Ventures, MNC Media Group, Majuven and Convergence Ventures also participated.
Launched in 2013, the dating app provides online matchmaking and offline speed dating services. Recently it has covered other offline social events, such as group travel and personal consulting sessions. The Singapore-based company has also expanded its geographic coverage to Indonesia, Malaysia, Thailand and Vietnam. It claims to have over 1.5 million registered users.
With this new round of funding, the company is looking to expand in Japan and South Korea. "This latest funding round will help further grow our leadership in the rapidly growing lifestyle and social dating space, and allow us to bring our brand to even more young professionals through new channels, O2O services and market launches," Joseph Phua, CEO and co-founder of Paktor, told Tech Wire Asia.
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