Lomotif, the $125m exit that Singapore’s VCs missed? – XA Network – The foremost tech leaders investment network in Southeast Asia

Lomotif, the $125m exit that Singapore’s VCs missed?

March 11, 2021

Paul Yang, the CEO and founder of Singapore-based short-video sharing app Lomotif, sold 80% of the company to Zash Global Media and Entertainment Corporation, the US-based entertainment company co-founded by former MoviePass chairman Ted Farnsworth, early Musical.ly (the app that became TikTok) and investor Jaeson Ma, and business acceleration specialist Vincent Butta. XA Network members invested before the exit.

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