GTOKEN, a crowdsourced mobile games publisher and advertising platform, has announced that the first and only World Champion Boxer in eight different weight divisions and Philippines Senator, Manny Pacquiao, has acquired a “meaningful” stake in its company.
From left to right: Archie Teo, Eldee Tang, Kenneth Mark Yong, Senator Manny Pacquiao, Ivan Lee and Arnold Vegafria PHOTO: GTOKEN
With over a million users to date across Southeast Asia, Taiwan and China, GTOKEN has rapidly grown throughout Asia and is currently valued at an estimated US$60 million.
“Since our launch in Singapore in December 2014, GTOKEN has garnered strong partnerships and support from the booming mobile gaming community across the region,” Kenneth Mark Yong, CEO of GTOKEN said.
“We are especially honored to have Senator Manny Pacquiao believing and investing in our vision to build the fastest growing crowdsourcing community for gamers, developers and publishers alike.”
“As a world champion in professional sports and a fighter all my life, I know what it takes to succeed on the global scale,” says the senator. “I’m confident that GTOKEN has that special fighting spirit to be one of the strongest global players in the mobile gaming and advertising space and I’m proud to be part of the team.”
GTOKEN’s founding investors include Ivan Lee, a serial entrepreneur whose previous F&B company was acquired for approximately SGD$100 million. Lee is also the founder of Raging Bull, a private investment fund focused on tech. Another early investor, Eldee Tang, played a key role in the success of this deal.
