Pandemic winner Partipost, Asia-based crowd influencer marketing and commerce platform, announced today it has secured extended funding of US$5 million in their Series A round led by Quest Ventures.
Other participants in this round are existing investor SPH Ventures, and new investors iGlobe Partners and XA Network.
Partipost raised US$3.5 million last year in a round led by SPH Ventures and Quest Ventures and other investors.
The extended fundraising round this year of US$5 million will enable Partipost to continue to improve its technology, execute market expansion into Vietnam, and double down on its current operations in existing markets, including Singapore, Indonesia, Taiwan, Malaysia, and the Philippines.
When the legal procedure completes, Jeffrey Seah, Partner at Quest Ventures will be the Director of Partipost’s Board, following his current position as Board Observer since the previous funding.
“Since our initial investment, Jon, Ben and Tony [Partipost’s founders] have demonstrated their business acumen and operating verve across the three markets they originally operate in,” said Seah.
“They have balanced the need to recruit brand-safe nano influencers that resonate with commercial partners,“ added Seah.