Mobile Dating Apps Attract More VCs

PEHUB – Oct 31 – Venture capitalists are giving online dating apps their confirmation. More than a dozen mobile apps and social sites have collectively raised $70M. Coffee Meets Bagel, which started in 2012, has raised $3.4M from Lightbank and others. The growth in mobile and the increased attention to dating apps come as Tinder is gaining more attention. Josh Breinlinger, venture partner with Sigma West, has not funded a mobile dating app, but he said there “is a huge market for it." "It’s not a new industry, but with mobile, there’s a whole new opportunity.”