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Tech Industry

Boxing great Manny Pacquiao is now a tech investor

The retired boxer has acquired a "meaningful" stake in GToken, a Singapore-based mobile gaming company.

Kevork Djansezian, Getty Images

Filipino boxing legend Manny 'Pacman' Pacquiao has thrown his hat into the tech ring with an investment into Singapore-based mobile gaming company GToken.

Pacquiao, a newly minted senator, announced on Monday that he had acquired a "meaningful" stake in GToken. The deal was formalised at Pacquiao's hometown of General Santos City.

With reportedly over a million users to date across Southeast Asia, Taiwan and China, GToken is a publisher of crowdsourced mobile games. The company, which is reportedly valued at $60 million, has also created its own gaming social network with in-game currency.

The actual value of the stake was not disclosed.

"As a world champion in professional sports and a fighter all my life, I know what it takes to succeed on the global scale," said Pacquiao in a statement. "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."

Pacquiao currently sits at second on the Forbes list of wealthiest athletes, trailing only rival boxer Floyd Mayweather. He joins a growing list of athletes who moonlight as tech investors. English football star David Beckham, for instance, invested in Periscope rival MyEye, while Basketball superstar Shaquille O'Neal famously invested in a pre-IPO Google.