About LoveByte
LoveByte is a company based in Singapore (Singapore) founded in 2011 was acquired by Migme in October 2014.. LoveByte has raised $240 thousand across 1 funding round from investors including MigMe, Ruvento Ventures and Crystal Horse Investments. LoveByte operates in a competitive market with competitors including Facebook, Tagged, VK, Moco and Renren, among others.
- Headquarter Singapore, Singapore
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Sectors
TelecommunicationsMedia & Entertainment
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Phone
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Website
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Social
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- Legal Name Lovebyte Pte. Ltd.
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Funding Insights of LoveByte
LoveByte has successfully raised a total of $240K through 1 strategic funding round. The most recent funding activity was a Seed round of $240 thousand completed in November 2012. 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 1
- Last Round Seed — $240,000
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First Round
First Round
(06 Nov 2012)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Nov, 2012 | Amount | Seed - LoveByte | Valuation |
investors |
| 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 |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in LoveByte
LoveByte has secured backing from 3 investors, including venture fund investors. Prominent investors backing the company include MigMe, Ruvento Ventures and Crystal Horse Investments. 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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Multiple sectors are supported through acceleration, incubation, and venture capital.
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Founded Year | Domain | Location | |
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Tech focused early stage VC firm investing in Asia
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Founded Year | Domain | Location | |
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Social apps are reviewed and ranked on an online platform.
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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.
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Founded Year | Domain | Location |
Investments & Acquisitions by LoveByte
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - LoveByte
| 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 |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Lovebyte Comparisons
Competitors of LoveByte
LoveByte 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 Facebook, Tagged, VK, Moco and Renren, 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 |
Online social networking and communication services are provided globally.
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| domain | founded_year | HQ Location |
Mobile/web social discovery website
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| domain | founded_year | HQ Location |
Photos and videos are shared via an app-based social platform.
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| domain | founded_year | HQ Location |
App-based social platform connecting people
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| domain | founded_year | HQ Location |
Online social networking is enabled via communication and media sharing.
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| domain | founded_year | HQ Location |
App-based social platform connecting students
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| Company Name | Domain | Founded year | HQ Location | Description |
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| 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 LoveByte
When was LoveByte founded?
LoveByte was founded in 2011 and raised its 1st funding round 1 year after it was founded.
Where is LoveByte located?
LoveByte is headquartered in Singapore, Singapore.
Is LoveByte a funded company?
LoveByte is a funded company, having raised a total of $240K across 1 funding round to date. The company's 1st funding round was a Seed of $240K, raised on Nov 06, 2012.
What does LoveByte do?
LoveByte was founded in 2011 in Singapore as a mobile communication platform targeted at couples. Features including one-to-one chat, live status updates, sticker creation, and virtual gifting are offered through the app. Operations focus on the social networking sector, with primary usage in the Philippines and Vietnam among users aged 13-24. A user base exceeding 200,000 was recorded as of October 2014, when acquisition by Migme took place.
Who are the top competitors of LoveByte?
Who are LoveByte's investors?
LoveByte has 3 investors. Key investors include MigMe, Ruvento Ventures, and Crystal Horse Investments.
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