Category: All Investment Raises

Paktor Secures $10m Series C Funding Led By YJ Capital

Posted on July 11, 2016

Paktor logo new jan 16DEAL STREET ASIA – July 11 – The round, led by the corporate venture capital arm of Yahoo Japan, with participation from Global Grand Leisure, Golden Equator Capital and Sebrina Holdings Venture Capital, will be used to fuel its expansion into North Asia, – Japan and South Korea – as well as expand sales & marketing activities in Indonesia, in addition to meeting rapidly increasing demand for its O2O services in Singapore, Malaysia, Indonesia, Vietnam, Thailand, Taiwan and Korea. With this round, the firm has raised in excess of $20.5 million to date.

by Shiwen Yap
See full article at Deal Street Asia

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Summarized by the Courtland Brooks team

Huggle Survey: Tinder Is Making People Self-conscious

Posted on July 4, 2016

Huggle logoBUSINESS INSIDER – July 2 – A new survey, carried out by social app Huggle, has found that 62% of people say dating apps like Tinder make them feel self-conscious and depressed about their appearance. Huggle doesn't use "face-swiping" and matches people based on the locations they go to. It works in a similar way to French dating app Happn. Huggle has received investment from Andrey Andreev, the Russian entrepreneur who cofounded dating app and social network Badoo. Huggle was founded by model Stina Sanders and gardening blogger Valerie Stark.

by James Cook
See full article at Business Insider

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MeetMindful Raised $820K

Posted on June 16, 2016

Meetmindful logoBUSINESSDEN – June 13 – MeetMindful, a dating app for people who are into meditation, yoga and spirituality, has raised 820K. The app was founded by Amy Baglan in 2014 as an offshoot of YogaDates, a yoga speed-dating event series she founded.

by Amy DiPierro
See full article at BusinessDen

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Gather, Cloud-based Matchmaking Service

Posted on June 9, 2016

Gather screenshotJAKARTA POST – June 9 – The app is designed with Asian users, especially women, in mind; to optimize processes of IRL meetings. Gather lets users organize on-demand social "Gatherings", be they group gatherings or individual meet-ups. To host a Gathering, women choose one of four social activities: lunch, coffee, drinks or after-hours. They set the Gathering time and location and invite other friends to cohost. Users are able to discover nearby Gatherings, see cohost profiles and apply to stop by. Hosts will then be able to decide the number of guests they want to meet. The app recently formed a strategic partnership with local food and beverage conglomerate Ismaya Group and is currently in the seed round with US$500K investment from Silicon Valley angel investors.

by Asmara Wreksono
See full article at The Jakarta Post

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Despite Debt & No Revenue, Philippine Dating App Scores $500K

Posted on May 23, 2016

Peekawoo screenshot bigFORBES – May 21 – Valenice Balace of Manila started an online dating service, Peekawoo, with $640 of her own money. People get to know each other through games and questions. The service has 200K users, 40% active, but has never made money. She has no monetization scheme. In June 2013 at an e-commerce conference, she met a venture capitalist who invested 30K in her business. 6 months later he poured in another $105K. Peekawoo later hit a wall of debt steep enough to make Balace feel depressed and consider shutting the service down. But another venture capital investor from San Francisco suddenly e-mailed this year and offered money without even a pitch. That sum was $500K to be spent over four years.

by Ralph Jennings
See full article at Forbes

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Dating App Once Raises EUR 5M

Posted on May 23, 2016

Once dating appIT ESPRESSO – May 23 – Once, a dating app that offers only one match per day, specially selected by a team of matchmakers, has raised EUR 5M in its latest round of funding from LG Capital and Partech Ventures. Once will use the funds to strengthen the product.

See full article at It Espresso

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Chinese Tinder, Tantan, Secures $32M

Posted on May 19, 2016

Tantan screenshot generalDEALSTREETASIA – May 19 – China's Tinder, Tantan app, announced the latest financing round of $32M from a group of investors led by DST Global, Vision Plus Capital and LB Investment. Tantan has not focused on generating profit, so far. "We'll focus on that around the end of this year after we've hit 7 to 10M daily active users," said Tantan spokesperson. Previously, Tantan raised a $13M round of Series B funding, and in January 2015 a $5M Series A round.

by Chalida Ekvitthayavechnukul
See full article at DealStreetAsia

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Thinking Digital’s Herb Kim Backs Dating App Start-up With Friends Reunited Founder

Posted on May 13, 2016

M14 industries logoCHRONICLE LIVE – May 6 – Thinking Digital founder Herb Kim has made his first angel investment, contributing to a six-figure funding at a start-up dating app company – M14. M14 allows users to set up and run their own dating or social apps. M14 is already responsible for Bristlr, a niche dating site for beard lovers. Others to invest in the funding round included Friends Reunited founder Steve Pankhurst; former match.com managing directors Jason Stockwood and Sam Bedford; Doug Scott from PotentialVC; and IXIS founder Chris Haslam.

by Robert Gibson
See full article at Chronicle Live

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Kamcord Raises $10M And Wants To Livestream Tinder Sessions

Posted on April 28, 2016

Kamcord-930x584VENTUREBEAT – Apr 26 – Kamcord, a video network that enables people to broadcast their gaming action from their tablets and smartphones, has raised $10M in its latest funding round led by Time Warner. This brings its total funding to ~$37M. With Kamcord, people can livestream themselves using apps like Tinder or Instagram.

by Jeff Grubb
See full article at Venture Beat

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EastMeetEast Gets Funds From Japanese Investors

Posted on April 8, 2016

Eastmeeteast logoTHE BRIDGE – Apr 7 – The firm has recently conducted a second funding round of an undisclosed amount from Mercari CEO Shintaro Yamada, East Ventures, 500 Startups, iSGS Investment Works, and DeNA. The number of registered users in 2015 increased 7-fold last year and the sales amount has been increasing at a growth of 30-40% month-to-month. The factor that made EastMeetEast possible to grow without competing with majors may be the targeting specific users, it focuses in particular on individuals from East and Southeast Asia including China, Korea, the Philippines, and Vietnam.

by Yukari Mitsuhashi
See full article at The Bridge

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Summarized by the Courtland Brooks team