SoftBank will exit social video app developer Hyperconnect roughly six years after it took part in an $8.6m series A round.
Online dating platform Match Group agreed yesterday to buy South Korea-based online communication technology provider Hyperconnect for approximately $1.73bn, which would allow telecommunications and internet group SoftBank to exit.
Founded in 2014, Hyperconnect operates a one-on-one video and audio chatting app called Azar that has been downloaded more than 540 million times, and Hakuna Live, a group livestreaming app featuring augmented reality avatars that has been downloaded more than 23 million times.
The company generated more than $200m in revenue…
