The Business Times
PARTIPOST, a crowd influencer marketing and commerce platform, has secured an extended Series A funding round of US$5 million led by Quest Ventures. Existing investor SPH Ventures and new investors iGlobe Partners and XA Network, an angel investor network, also participated in the round.
The funds raised will be used to develop Partipost’s tech platform and accelerate business expansion into Vietnam, as well as strengthen current operations in Singapore, Indonesia, Taiwan, Malaysia and the Philippines.
Quest Ventures partner Jeffrey Seah will join Partipost’s board as a director. He was previously a board observer from an earlier investment by Quest.
“(The founders) have balanced the need to recruit brand-safe nano influencers who resonate with commercial partners, while pitching to and onboarding business partners looking for authentic direct-to-customer relationships as social commerce notches increasing contribution to sales,” Mr Seah said.