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).
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