Month: July 2020

German Dating App, LemonSwan, Raised a 7-Digit Round

Posted on July 31, 2020

Lemonswan logo 2020GRUENDER – July 29 – There are currently ~17M single people in Germany. The online dating revenue in the country will be reach ~212M euros in 2020. The market is dominated by large providers such as Parship or Elitepartner, who aggressively advertise on TV and at S-Bahn stations. So are the large pieces of the cake already distributed? Arne Kahlke and Paul Uhlig don't believe that. The two are founders of dating app Lemon Swan. The app, which claims 250K users, launched 3 years ago. Kahlke has a lot of experience in connecting people. He not only built up Parship's marketing, but also founded ElitePartner in 2004 and sold the company to ProSiebenSat1. Lemon Swan's matching process is similar to that of ElitePartner and Parship – the app works with a psychological personality test and a matching algorithm – but so-called bouncers are also used to check users identity. After a capital injection in January 2019, the start-up has now received fresh capital in the seven-figure range. With the money, LemonSwan wants to become profitable in the German-speaking region in the Q1 2021, and to expand internationally.

by Marie-Charlotte Maas
See full article at Gruender

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This post also appears on InternetDatingInvestments.com

91M People Tap This Dating App of Destiny

Posted on July 31, 2020

Happn-logo2020OZY.COM – July 29 – Dating app Happn uses geolocation tools to recreate chance encounters, and now has 91M users in 17 countries. Founder Didier Rappaport foresees a new phase of AI-influenced online dating, but with real-life magic added in. "Romance is about coincidence," says Happn founder Didier Rappaport. "One day you're in front of someone that will become your one." The app launched in 2014, and over time introduced new ways to connect online, like CrushTime, a game where users can see four nearby profiles and guess which one has liked their photo in order to match with them.

by Fiona Zublin
See full article at Ozy.com

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Tinder’s New CEO Catch Drives Match Group to Peak Price

Posted on July 31, 2020

Match group logo blue 2019INVESTING – July 29 – Shares of Match Group jumped Tuesday after the announcement that Jim Lanzone was named the CEO. The stock is up ~8% to a record high. Tinder's direct revenue grew 31% YOY, driven by 28% average subscriber growth and 2% growth in average revenue per user in the Q1. Tinder averaged 6M subscribers in the first quarter.

by Christiana Sciaudone
See full article at Investing

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Israel Researchers Find Hacking Flaws in OkCupid Dating App

Posted on July 31, 2020

Okcupid logo 2018TIMES OF ISRAEL – Researchers at cybersecurity firm Check Point Software Technologies have found vulnerabilities on OkCupid that could have given hackers access to sensitive data stored on the app. The researchers said they informed OkCupid about the flaws, which have been fixed. OkCupid said that no users had been impacted by the potential vulnerability, which was fixed within 48 hours of notification.

by Shoshanna Solomon
See full article at Times of Israel

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Bumble Hits 4 Million Users in India

Posted on July 30, 2020

Bumble icon 2020HINDUSTAN TIMES – July 30 – Bumble reached 2M users last December. Women in India are also sending twice the number of messages on Bumble as compared to users globally. Also, 32% of women users in India use more than one mode on Bumble. In addition to dating, Bumble offers 'BFF' and 'Bizz' modes as well.

by Marcia Sekhose
See full article at Hindustan Times

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Top Grossing Dating Apps Worldwide for June 2020

Posted on July 30, 2020

SENSORTOWER – July 30 – The top grossing dating app worldwide for June 2020 was Tinder with $64.8M in user spending. ~41% of Tinder's revenue was from the US, followed by 6% from the UK and 6% from Germany. Bumble was the second highest earning dating app worldwide with more $16.5M in gross revenue. ~76% of Bumble's revenue was from the U.S., followed by 7% from the UK. The next top grossing app was Pairs, followed by MeetMe and Tantan.

Top-grossing-dating-apps-worldwide-june-2020
by Julia Chan
See full article at SensorTower

Kippo – a Dating App for Gamers

Posted on July 30, 2020

Kippo logoWMMR.COM – July 30 – According to ESA, there are ~164M gamers in the US alone. Kippo is a new dating/social app dedicated to gamers, founded by David Park. One way Kippo is setting itself apart from other apps is a unique "card" system. In the cards, users can list their top ten games, their Myers-Briggs Personality profile, and a multitude of other interests that can get them the most like-minded matches.

See full article at WMRR.com

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HeyBaby: New Dating App for People Wanting to Start a Family

Posted on July 30, 2020

KTVU – July 30 – Chas McFeely, co-founder of the app “heybaby ,” explains why his app is perfect for people who want to have children or who already have kids.

See full article at KTVU

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81% of Daters Would Go on Offline Date, But Video Is Here to Stay

Posted on July 29, 2020

The meet group virtual dateTHE MEET GROUP – July 29 – At the start of the pandemic, video was a replacement for real-life interaction. Now, it is a filter to screen potential dates before meeting in person. This shift toward video will extend beyond the pandemic. Tinder has replaced its CEO with a media executive who led CBS's push into streaming video. The Meet Group has been building a livestreaming dating platform for over three years, and today, they are the largest provider of livestreaming dating games in the world. Meet Group's users play 185K dating games a day, up 95% since the declaration of a pandemic in March. The total time spent in video dating increased by 39% to 1.4M hours a day, with each person spending on average ~20 minutes a day. NextDate, the Meet Group's video dating feature, is like speed-dating but with an audience. People queue up to "date" a streamer who has two minutes to choose Next or Date while the audience can comment and rate the contestant. BlindDate adds a twist: it blurs the video image of the contestant, forcing the first impression to be based on personality rather than looks. According to July SurveyGizmo survey of 1500 US residents interested in dating, 81% of daters would be willing to go on an in-person date tomorrow if they met someone interesting on a dating app today. 25% said they had dated in person in the last 30 days.

by Geoff Cook
See full article at Medium

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The Meet Group Launches DateNight to MeetMe and Skout

Posted on July 29, 2020

The meet group date nightBUSINESS WIRE – July 28 – The Meet Group, a leading provider of interactive dating solutions, is launching DateNight interactive feature, which makes anyone the star of their own dating game. DateNight is a livestreaming dating game that offers rewards to anyone who plays. Daters who match during a DateNight event will receive a free $10 gift card to one of 18 different national chain restaurants, giving away up to $15K worth of first dates every day. DateNight events will occur on Thursdays from 9:00 – 11:00 p.m. EDT throughout July and August.

See full article at The Meet Group website

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