M17 Entertainment, formed by the merger of corporate-backed startups Paktor and 17 Media, has raised $40m in a series A round featuring Yahoo Japan.
Singapore-based digital media company M17 Entertainment has received $40m in a series A round that featured internet company Yahoo Japan, E27 reported on Wednesday.
Venture capital firm Infinity Venture Partners led the round, which included Majuven, Golden Summit Capital, KTB Ventures and Vertex Ventures, the VC firm owned by Singaporean state investment firm Temasek.
M17 Entertainment was created in April 2017 through the merger of dating app provider Paktor and online streaming platform 17 Media. It aims to establish itself as…