Singapore-based social dating platform Paktor secured $32.5m in a funding round co-led by media group Media Nusantara Citra (MNC) and venture capital firm K2 Global today.
The round was further supported by a range of unnamed existing and new investors, and boosted Paktor’s total funding to $52.5m.
Established in 2013, Paktor initially focused on romantic dating but has since expanded its platform to also facilitate platonic social dating, one-to-one matchmaking, coaching workshops and personalised consulting services.
Paktor is currently most popular in Southeast Asia and surrounding countries such as Taiwan, South Korea, Japan and Hong Kong, but it also collaborates with partners in the US, Europe and Latin America where it provides a white-label service.
The company plans to use the money to expand its product offering and make a move into social entertainment, though it has not yet revealed specific details.
MNC and YJ Capital, the investment arm of internet company Yahoo Japan, took part in a $10m funding round in July 2016 alongside Vertex Asia Fund, managed by Singaporean state-owned firm Vertex Ventures, Global Grand Leisure, Golden Equator Capital, Sebrina Holdings, Majuven and Convergence Ventures.
Vertex, Majuven and Convergence Ventures had already participated in Paktor’s $7.4m series B round in July 2015.