Singapore-based social dating service provider Paktor has secured $10m in a funding round featuring YJ Capital, the corporate venturing arm of internet company Yahoo Japan, Marketing reported today.
The round also included media group Media Nusantara Citra, Global Grand Leisure, Golden Equator Capital, Sebrina Holdings, Majuven, Convergence Ventures and Vertex Asia Fund, which is overseen by Singaporean state-owned firm Vertex Venture Holdings.
Founded in 2013 as a dating app, Paktor has since expanded its services to include a range of functions such as platonic social dating, one-to-one matchmaking, coaching workshops and personalised consulting services.
Ryu Hirayama, chief executive of YJ Capital, said: “We see Paktor as a high-potential technology company that’s disrupting the social dating industry.”
Paktor currently operates in Singapore, Malaysia, Indonesia, Vietnam, Thailand, Taiwan and South Korea, and will use the funding to expand in Japan and Korea while strengthening its sales and marketing in Indonesia.
Joseph Phua, co-founder and CEO of Paktor, said: “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, [online-to-offline] services and market launches.”
Paktor has now raised just over $20m altogether, including $7.4m from Vertex Venture Holdings, Majuven and Convergence Ventures in a July 2015 series B round.