GRUENDERSZENE – Oct 5 – Pia Poppenreiter has repurchased all shares of her 'escort' dating app Ohlala from all shareholders. Ohlala is a German dating app that allows users being paid (100 – 200Eur) for going on a date. The app was founded by Pia Poppenreiter and Torsten Stüber, and raised 1.7M Eur in 2015 to expand into USA and other cities in Germany. However the app failed to monetize and an argument broke out among Ohlala's angel investors, who paralyzed the startup for almost a year. Pia Poppenreiter says she is currently not focusing on investing new capital from investors. She wants to focus on the future and build a new team for Ohlala.
by Christina Kyriasoglou
See full article at Gruenderszene
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Summarized by the Courtland Brooks team