SG’s Kollective Ventures acquires dating company Paktor Group

Visual of Paktor portal. 26 October 2015.

Singapore’s capital advisory and investment firm Kollective Ventures (KV) said Thursday it has completed the acquisition of dating company Paktor Group from M17 Entertainment and it plans to invest further to expand into the video and voice dating sector.

Paktor owns a few dating assets, including its namesake application, a swipe-based application popular in Taiwan, Korea and Southeast Asia, and Goodnight, the number one voice-dating application in the region, KV said in a statement.

This deal marks KV’s foray into full buyouts, beyond minority equity investments, it added.

“We have known the management at Paktor for many years now. Paktor is a rock solid asset with many high potential products under its wing. The dating industry in Asia has been growing rapidly in recent years. We look forward to announcing several growth initiatives in the near future,” said KV managing partner Kheng Lian Ho.

“We are excited to join the KV family. Paktor has firmly established itself as the leading dating group in the region and we believe with the support of Kheng Lian and her team, we will be able to push into high growth areas like video and voice dating. Global dating leaders have shown the immense size of these businesses but in Asia, the growth is only just starting,” said Paktor CEO Shn Juay.

The combined listed value of global dating companies exceeds $25 billion – the global dating market is fast growing and evolving, most recently to incorporate video and voice elements into its mix, KV said.

“Video and voice dating have proven its potential through many fast-growing products globally and Paktor is well poised to capitalize on this trend with its push into the arena armed with additional capital from KV,” it added.

M17 Entertainment, a Taiwan-based operator of live streaming platform, has officially withdrawn its initial public offering in the US back in July 2018. The IPO initially aimed to raise a total of $115 million.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
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Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.