LoveByte Raises 6-Figure Seed Funding to Improve Couple Relationships

Nov. 17, 2012 - PRLog -- LoveByte is supported by the Interactive Digital Media Programme of the Media Development Authority (MDA) and funded by the National Research Foundation. This partnership is expected to help LoveByte accelerates its operations and growth in the next six to nine months. In the words of founder Steve Sng: “We are definitely more confident now with Ruvento’s and Crystal Horse’s involvement. Coupled with our well-received results, we are now sure that LoveByte is on the right track and will be fulfilling our dream of building stronger relationships around the world.”

LoveByte launched as open-beta in late July 2012 and has been bootstrapping till now. As noted by Steve, "Plug-In@Blk71 has been of great help to us. Apart from the hot-desking offerings, they have built a supportive community where start-ups help one another. They are also active in holding open pitches to provide various opportunities for local start-ups to grow," Steve added.

Most recently, LoveByte was among one of the two startups that participated in Google’s “ Google for Entrepreneurs Week” event held in Google’s Singapore Office.

LoveByte is a free mobile application that helps couples freeze a moment of time, document their lives and treasure these memories in a private, special space for two. It received more than 20,000 downloads on its first month of open-beta.

With this investment, LoveByte will continue to grow and scale. It’s focus will be on expansion into neighbouring regions with the vision to improve relationships around the world.