Tantan Raises Huge $70m Series D Led By YY Inc

Chinese Tinder-style dating app Tantan has reportedly secured a massive $70m in Series D funding.

This round has apparently been led by YY Inc, a public Chinese social entertainment firm founded in 2005, according to ChinaMoneyNetwork.

YY Inc is a live streaming platform that allows users to interact in live group chats using text, voice and video.

The platform has over 53m MAUs, and in 2015 the company posted annual revenues of $910m.

Reports suggest that Tantan, which launched in 2014, now has over 13m registered users and 2.5m DAUs.

Its main target market is young professionals living in small cities in China.

The Chinese dating app uses a swiping functionality like Tinder, as well as using an icebreaker “question game” to help singles get to know each other, details on how many times you have passed potential matches, and a photo-based Moments section – something Tinder released then shelved.

In May 2016, Tantan raised a Series C round of $32m.

This came after a $5m Series A round led by Bertelsmann Asia Investments and Vision Plus Capital in 2015, followed by a $13m Series B round from DCM, KPCB, GX Capital and LB Investment later that year.

And with this latest round, reports suggest that Tantan is considering an IPO at the end of the year.