East Meet East has announced the closing of its Series A funding.
The North America-based Asian dating website and app has raised $4M to develop an AI matching system and to expand into Asia.
East Meet East is looking to launch an additional site and add more entertainment features to its platform.
The investors included DG Lab Fund, Asahi Medialab Ventures, 500 Startups, Mobile Internet Capital, Septeni Holdings Co., Ltd and others.
Mariko Tokioka, CEO of East Meet East said: “East Meet East provides dating services to one of the fastest growing demographics in the world. In the U.S., the Asian population remains the fastest growing major ethnic group, with 72 percent growth between 2000 and 2015, growing from 11.9 million to 20.4 million. The Asia Pacific region is home to over 4.5 billion people, or nearly 60 percent of the world population, and online dating there has boomed in recent years.”
East Meet East has also announced its collaboration with DG Lab to launch ‘Love.AI,’ which is East Meet East’s new AI matching system.
The system will have an algorithm which takes factors such as past matches and communications into account to refine how users are being matched.
Masahito Okuma, Partner of DG Lab Fund added: “Matching and AI are undoubtedly a natural fit. Users are constantly acting and interacting on the matching platform, which provides an abundance of data for Love.AI to refine its learning.”
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