About Friendster
Friendster is a company based in Kuala Lumpur (Malaysia) founded in 2001 was acquired by MOL AccessPortal in December 2009.. Friendster has raised $46.1 million across 4 funding rounds from investors including Facebook, Kleiner Perkins and MOL AccessPortal. Friendster operates in a competitive market with competitors including Friendable, studiVZ, Spring.me, tribefy and Melon AI, among others.
- Headquarter Kuala Lumpur, Malaysia
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Sectors
Media & Entertainment
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Phone
*********
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Website
*********
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Social
*********
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$46.1 M (USD)
in 4 rounds
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Latest Funding Round
$20 M (USD), Series C
Aug 05, 2008
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Investors
Facebook
& 6 more
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Employee Count
Employee Count
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Acquired by
MOL AccessPortal
(Dec 10, 2009)
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Funding Insights of Friendster
Friendster has successfully raised a total of $46.1M across 4 strategic funding rounds. The most recent funding activity was a Series C round of $20 million completed in August 2008. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 4
- Last Round Series C — $20.0M
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First Round
First Round
(30 Sep 2003)
- Investors Count 5
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug, 2008 | Amount | Series C - Friendster | Valuation |
investors |
|
| Aug, 2006 | Amount | Series B - Friendster | Valuation |
investors |
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| May, 2006 | Amount | Series B - Friendster | Valuation |
investors |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Friendster
Friendster has secured backing from 7 investors, including venture fund and institutional investors. Prominent investors backing the company include Facebook, Kleiner Perkins and MOL AccessPortal. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Venture capital investments are offered to promising startups.
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Founded Year | Domain | Location | |
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Venture capital firm
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Founded Year | Domain | Location | |
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Venture capital firm investing in early-stage tech startups
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
|
Founded Year | Domain | Location |
Investments & Acquisitions by Friendster
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
|
Bionic investment advisor platform
|
2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
|
2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
|
2016 |
Financial Statements - Friendster
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
|
| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Friendster Comparisons
Competitors of Friendster
Friendster operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Friendable, studiVZ, Spring.me, tribefy and Melon AI, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Functions as an app-based platform to connect people socially.
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| domain | founded_year | HQ Location |
Functions as a German-based social network for users.
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| domain | founded_year | HQ Location |
Social networking portal
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| domain | founded_year | HQ Location |
Operates as an online social platform to connect and engage friends effectively.
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| domain | founded_year | HQ Location |
Artificial intelligence solutions for business process automation are developed.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about Friendster
When was Friendster founded?
Friendster was founded in 2001 and raised its 1st funding round 2 years after it was founded.
Where is Friendster located?
Friendster is headquartered in Kuala Lumpur, Malaysia.
Is Friendster a funded company?
Friendster is a funded company, having raised a total of $46.1M across 4 funding rounds to date. The company's 1st funding round was a Series B of $3.1M, raised on Sep 30, 2003.
What does Friendster do?
Social network prioritizes user experience and data privacy over profit. It offers a social networking platform focused on fostering a friendly online environment. The platform aims to differentiate itself by not selling user data and avoiding algorithm-driven feeds that promote negativity. It seeks to provide a social space that respects user attention and avoids addictive design.
Who are the top competitors of Friendster?
Friendster's top competitors include Spring.me, Loktantra Mediatech and Izuiyou.
Who are Friendster's investors?
Friendster has 7 investors. Key investors include Facebook, Kleiner Perkins, MOL AccessPortal, Benchmark, and IDG Capital.
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