Month: November 2022

Dua.com Buys Spotted.de and Closes $4M Series A Round

Posted on November 3, 2022

Dua.com Spotted logosDUA.COM – Headquartered in Zurich, dua.com initiated its operations in late 2019. It started by reconnecting Albanians, its first globally fragmented community with a large diaspora. With an initially small team, dua.com joined numerous incubators in Europe and the U.S., namely the Harvard Innovation Labs, Uplift Europe, and Innovation Centre Kosovo. dua.com connects international migrants, expats, and diaspora communities. It has acquired the German dating app 'Spotted.de', and combined the platforms – dua.com and Spotted.de – have 5M registered users. The company completed Seed and Series A rounds, raising a total of $4.9M.

by Argjenda Selmani
See full article at Dua.com blog

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This post also appears on InternetDatingInvestments.com

Australian Dating App Ziinkle Is Raising $2.2M

Posted on November 2, 2022

ZiinkleB&T – The $2.2M funding announcement follows Ziinkle's acceptance into the world-renowned Newchip Accelerator Program, where the tech startup was chosen out of over 1K applicants. Launched in March 2022, Ziinkle gets people meeting in real life by providing real-time information about which venues are buzzing with singles.

See full article at B&T

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This post also appears on InternetDatingInvestments.com

Match Group Q3 Financial Results

Posted on November 2, 2022

Match Group for social mediaMATCH GROUP – Q3 revenue grew 1% YOY to $810M. Operating income was $211M, down 5% YOY. Payers increased 2% to 16.5M, up from 16.3M in Q3 2021. Tinder direct revenue grew 6% YOY, driven by 7% payers growth to 11.1M. All other brands collectively had a direct revenue decline of 5% YOY driven by an 8% payers decline. Hinge revenue grew ~40% YOY.

See full article at Match Group website

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Grindr Unveils ‘Play Safe’ Campaign to Educate Users on Safety

Posted on November 2, 2022

Grindr logo for social mediaBUSINESSWIRE – Grindr announced a new video series campaign, Play Safe, to educate users and the broader public about Grindr's safety policies and practices. These videos will be shared both in-app to users as well as across Grindr's social channels. The following safety features will be included in the first installment of Play Safe:

  • The ability to mute, block, and report bad actors on the app
  • Features that allow users to verify each other before meeting up to avoid catfishing, such as audio chatting and video chatting.
  • Grindr's moderation team

See full article at Businesswire

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Grindr’s Founder Is Launching Dating App Motto

Posted on November 2, 2022

Motto logoGIZMODO – Joel Simkhai is back with a new gay dating app, Motto, that aims to tamp down on behavior most associated with Grindr. Simkhai founded Grindr in 2009, two years after the first iPhone was unveiled. By 2018, he had sold it to Beijing Kunlun Tech for $245M. The app was sold again in 2020 for $608.5M. In the same year, Grindr was reported to have 13M users.

Q: Why are you getting back into the business of online dating?
Joel Simkhai: One of my great joys in life is being a matchmaker and seeing people meet and connect.

Q: Why the name Motto?
A: A motto is what users stand for. And their profile is meant to be a statement.

Q: The app says "No more headless torsos." Why is that?
A: We really want to mimic the real-life experience of meeting someone at a bar, on the street, or at a party. What's the first thing you do when you meet them? You look them in the eye.

Q: How many users do you have now? How long is the wait list?
A: We're not we're not sharing specific user numbers right now. We just launched a few days ago. We're seeing some folks chatting already and meeting.

Q: What can you tell me about the matchmaking algorithm that's going into Motto?
A: We're still in the early days. It's not super advanced. It's something that we're going to be leveraging in the future and building up.

by Blake Montgomery
See full article at Gizmondo

Dating IRL Is on the Rise

Posted on November 2, 2022

Bumble logo white for social mediaSTYLIST.CO.UK – With daters more invested in meeting people in person, dating apps are making more of an effort to incorporate this into their business model – and Bumble is the latest to do so. Bumble has announced a series of London events for daters to meet new people. Running weekly until Dec 14, Bumble users can now meet singles in real life at a variety of unique experiences. The line-up of events includes everything from a flaming cocktail-making workshop ahead of Bonfire Night, to a dog walk and coffee meet-up in Hyde Park.

by Leah Sinclair
See full article at Stylist.co.uk

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SugarDaddyForMe.com Introduces “Disappearing Messages”

Posted on November 1, 2022

SugarDaddyForMe logo 2022GLOBE NEWSWIRE – With this new feature, members can send disappearing photos, texts, videos, and audio messages to their connections while selecting the length of time before they vanish, including One-Time View, 15 Minutes, 1 Hour, 6 Hours, or 24 Hours. Members can also enable this setting for one message, all messages, one person, or all matches. In Sep, the platform launched its Anonymous Texting feature, which allows members to exchange text messages on their phones without revealing their mobile numbers until they are ready to.

See full article at Globe Newswire

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Indian Dating Apps Take on International Rivals

Posted on November 1, 2022

Aisle logoAFAQS – Though the end goal is the same – to find a partner, maybe get married, Indian and international dating apps are positioned distinctly. When it comes to advertising and marketing messages, Tinder and Bumble focus on the fine nuances of relationships, such as compatibility and consent. Whereas local dating apps like QuackQuack and Aisle have simpler messaging – focussing on finding a life partner. Aisle takes cheeky digs at Tinder and Bumble in its campaigns that highlight that it is not a 'casual' app at all. Tinder and Bumble tend to focus more on urban audiences. A Tier-II or III audience may not even understand the ads. 70% of QuackQuack's users now come from Tier-II and III cities, and there's an 11% increase in the app's female user base. The company has been around for 12 years now but, thanks to the smartphone boom and cheaper Internet access, it has added 10M users over the last two years alone.

by Aishwarya Ramesh
See full article at AFAQS

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Hello Group CEO Li Wang Resigns

Posted on November 1, 2022

Hello Group higher resolutionRTTNEWS – Hello Group (MOMO), a mobile social and entertainment platform in China, has announced that Li Wang has resigned as the CEO because of health reasons. Executive Chairman Yan Tang has assumed the role. Li Wang will remain with Hello Group as an executive director and president.

See full article at Nasdaq

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