PvX Partners has provided Tevo with $10m of non-dilutive user acquisition financing. The Singapore-based platform funds marketing spend for mobile gaming and consumer apps, with repayments tied to the performance of the cohorts it finances.
Vietnam-based Tevo, led by Founder and Chief Executive Thanh Luu, builds consumer and AI apps spanning work utilities, education and entertainment. DealStreetAsia reported the studio operates around 45 apps with nearly 200 million installs globally; Tevo’s site describes more than 60 live products on over 100 million devices.
Proceeds will fund higher marketing spend on proven user cohorts and continued investment in AI-native product features as Tevo scales globally. Last year the company closed a seed round led by EZTech and UX Foundation.
Thanh Luu said non-dilutive UA financing “lets us put more capital behind products that already have product-market fit,” and gives flexibility to scale toward Tevo’s 2030 ambitions in AI apps and services.
PvX Partners says it has surpassed $750m in committed UA financing for mobile gaming and consumer apps. Its Capital product funds up to 80% of monthly marketing spend without equity dilution, underwritten through its Lambda cohort intelligence platform.