Mozat Raises Series A Funding From JAFCO Asia
December 16, 2009 by Gwendolyn Regina T
The company behind popular mobile social networking platform Mozat (formerly known as Morange) has previously raised seed funding from Singapore investment funds such as BAF Spectrum, Symphony Investments, SPRING SEEDS Capital and NUS Enterprise. This time, it raises an undisclosed amount of Series A funds from JAFCO Asia.
JAFCO Asia has around $650 million in aggregate funds under management and is an operating subsidiary of JAFCO Co. Ltd, which is part of the Nomura group of companies and one of the largest private equity firms in Japan with $4 billion under management and is listed on the Tokyo Stock Exchange.
Mozat has around 10 million registered users, mostly located in the emerging markets of Asia and the Middle East. It is also one of the Network Partners of the FutureMobile project under the Interactive Digital Media Programme Office (IDMPO).
About The Author
Gwendolyn Regina T - Co-Founder and Editor-in-Chief
Apart from SGE, Gwen is also a Partner at Thymos Capital, where she focuses on early stage investments in technology firms. She has had two exits out of her investments via the firm, one of which is iHipo. A frequent judge for business competitions both locally and overseas, she graduated from the National University of Singapore. Gwen also spent some time in Silicon Valley and studied in Stanford University under the NUS Overseas College programme. Gwen is a mentor at Spanish incubator Tetuan Valley, Polish incubator Gamma Rebels, the Singapore Ambassador for the Sandbox network and the Singapore curator for StartupDigest. She enjoys languages, travelling, dance and adventure sports. Gwen can be found on LinkedIn and Twitter.
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