Paktor operates a Tinder-like mobile dating app alongside an offline matchmaking service. The company claims over 20 million users worldwide, employs 110 staff, and is four years old. It recently hit net profitability and had raised $22 million prior to this new round, including a roughly $10 million round this past summer that it has not yet spent. Paktor is using new funding to expand beyond pure dating into "social entertainment," though specific product details have not been disclosed. CEO Joseph Phua said the cash cushion allows the company to explore one-to-many and multi-person media experiences, citing products like House Party and Momo's live-streaming feature as reference points. The business also powers bespoke dating services with media partners in Latin America, the U.S., and Europe while maintaining a focus on Southeast Asia and neighboring markets. Paktor operates a Tinder-like dating app that has expanded into offline events and services such as group travel and speed dating. The company is pushing a wider global expansion with recent launches planned for Japan and South Korea and hires of former IAC executives to run international growth. Paktor has pursued M&A and media partnerships to extend distribution, acquiring South America-based Kickoff and nearing two further acquisitions that would bring its combined footprint to about 15 million registered users. The company previously reported around six million registered users in its core Southeast Asia base (no updated figure provided). Paktor says engagement has risen — average daily swipes increased from 160 to 200, average daily time from 30 to 40 minutes, and active chats (3+ exchanges) have grown 200%. Financially, it is targeting at least $10 million in revenue for the year and has introduced smaller, more affordable subscription options for emerging markets. Paktor operates iOS and Android dating apps and has also launched a web-based version and a desktop site to boost engagement. The app has 1.5 million registered users (60% aged 18–24), has generated over 40 million matches and records about 10 million swipes per day. The company has physical presences in Singapore, Thailand, Malaysia and Taiwan and has piloted an offline, specialist one-on-one matching service called Gai Gai in Singapore. Paktor is focused on a sustained marketing push across Southeast Asia and plans to roll out differentiated versions of its offline service in its four largest markets over the next year. The team was founded in July 2013 by Joseph Phua, Ng Jing Shen and Charlene Koh. For now the company is not heavily monetizing but may introduce subscription services in the future.

Total raised

$46M

Funding rounds

3

Latest round

Equity

Latest activity

Oct 2016