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JAFCO Asia and Jungle Venture in $2.5m financing round for app platform POKKT

11 Jul 2014

dollar money cash fundVenture capital firm JAFCO Asia has led a $2.5m funding round for app monetisation platform POKKT.

SingTel Innov8 and original seed capital investor Jungle Venture also invested in the Series A round.

JAFCO Asia’s Supriya Singh will be joining the board as part of the deal.

Mumbai-based POKKT is a platform that helps app developers and publishers to be discovered and bring in more cash for their products.

POKKT said it hopes its partnership with JAFCO Asia and SingTel Innov8 will help it to expand into South East Asia.

Singh said, “The emerging markets in South East Asia are at the cusp of explosion in mobile advertising. POKKT serves a pressing need for the ecosystem and is well-positioned to capture the growing mobile advertising dollars.”

Last year venture capital firm JAFCO invested $5m in Asia-based human resources and e-recruiting software business HiringBoss.

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