DEALSTREET ASIA - Feb 4 - Malaysia-based "Sugar Daddy" dating app Sugarbook.com has raised a six-digit seed round from an angel investor. The angel investor comes from an investment banking background from a Hong Kong VC firm. According to Sugarbook, the proceeds will be used to scale and develop its product and infrastructure. Founded in 2017, Sugarbook has 300K members across 60 countries including Malaysia, Singapore, the Philippines and the US. The company generates revenue from monthly subscriptions and packages for sugar babies and daddies.
by Kristie Neo
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