GAYSTARNEWS – Nov 3 – The app claims 15M users, 300K of whom are overseas and 20% of whom log on daily. In comparison, Grindr has 5M users. The company would use the investment to improve talent and the product.
by Darren Wee
The full article was originally published at GayStarNews, but is no longer available.
This post also appears on InternetDatingInvestments.
WASHINGTON POST – Oct 31 – Christian Rudder, co-founder and current president of the online dating site OkCupid, speaks about the most interesting findings in his book, Dataclysm: Who We Are When We Think No One's Looking, as well as trends in the online dating industry. He is skeptical about algorithms and the science of prediction. "There’s so much randomness in love", he said. "We try to really recognize the limits of what we can do as a dating site." People are now coming into online dating with different expectations. Apps like Tinder are very photo based, they are super fast, super light, super chatty.
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.”
See all posts on Coffee Meets Bagel
See all posts on Tinder
This post also appears on InternetDatingInvestments.
SEEKING ALPHA – Nov 3 – Apalon is a Belarus-based mobile app development firm. Apps developed by Apalon include Weather Live and Notepad+. The terms of the deal were not disclosed.
by Eric Jhonsa
See full article at Seeking Alpha
This post also appears on InternetDatingInvestments.