Livestreaming also includes Taiwan, Japan, Indonesia and Hong Kong with close to half a million hours of content each month.
Convergence Ventures announced on Nov 1, the successful final closing of Convergence Capital Fund I with over US$30 million in commitments and surpassing the fund’s original target.
Paktor Pte Ltd said that Indonesian media conglomerate MNC Media Group has invested an undisclosed amount in it, part of a larger investment round Paktor is currently closing.
Singapore-based social dating startup Paktor Pte Ltd said it has secured Series B funding of S$10 million (US$7.5 million) from Majuven, Convergence Ventures, and existing investor Vertex Venture Holdings (a wholly-owned subsidiary of Temasek Holdings).
Singapore-based Paktor, which styles itself the ‘Tinder of South-East Asia,’ said it has closed a Series A investment round, bringing the total it has raised to over US$5 million in the last 12 months.