1____796104International: Moovz, Asia’s newest apps for gay men has secured a new round of funding worth $1.4 million to help it grow.

The mobile flirty hook-up for Asia by an Israeli startup began less than a year ago and has secured a new round of funding worth $1.4 million to help it grow. It has so far attracted $2.4 million in funding since the app’s launch last October and profiled in February, reports techinasia.com.

The app is proving most popular in the Philippines. Thailand is in the top 10 countries in terms of Moovz users as well.

The app attracted over 30,000 new and active users two months after it first launched. It is available in English, Thai, and several European languages. It competes with some already existing popula Asian-specific social media apps for gay people such as China’s Blued and Hong Kong-based Hornet.

Boyet Dalisay, the Asia-Pacific regional manager for Moovz, told XXXX Tech that the gay dating app now has over 70,000 users and is keen to stand out from an array of similar apps with its live broadcast feature.

Moovz has since seen 15 million one-on-one chats between users, over nine million comments, and 500,000 image uploads.

The startup’s newest funders actually use the app, according to Moovz’s legal advisory company.

“After Moovz saw initial success within Asian countries, our natural next move was to bring investors on board from the countries in which it had been successful,” says Liav Eliash, co-founder and CEO of Moovz.

“With this investment round, the company is able to go forward, improving platform features and making the user experience even better. Our goal is to create the ultimate communities, support and social conduit for gay men across the globe and our investors have made it achievable.”

The startup is working on an ad platform to help it monetize and keep the social network free for its users.

Moovz has apps for iOS and Android.

Source: techinasia.com

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