Dating startup raises VC as Twitter comes into the connection biz

Dating startup raises VC as Twitter comes into the connection biz

App-based dating solution Coffee Meets Bagel has raised approximately $7 million in Series B financing, per an SEC filing. The round values the San Francisco-based startup at $82 million, per PitchBook information.

Coffee Meets Bagel has not yet responded up to a PitchBook ask for remark.

The round comes in the same way Facebook enters the online dating sites game—one that Tinder and Bumble, two popular dating apps, have actually dominated in the last few years. Like Bumble, the Coffee Meets Bagel application is predicated on ladies’ preferences. Female-identifying users select who can talk to them through the software.

Coffee satisfies Bagel, called because matches are described as “bagels” when you look at the software, has formerly raised simply over ten dollars million in equity financing from investors including DCM Ventures, Quest Ventures and Azure Capital.

The founding team is made from three siblings, Arum, Dawoon and Soo Kang

The trio famously pitched to Mark Cuban on “Shark Tank” in a episode that aired in 2015, and then reject their $30 million takeover offer, that was the biggest into the show’s history. Continue reading “Dating startup raises VC as Twitter comes into the connection biz”