Category: All Investment Raises

Yubo Raises $12.3M for Its Social App for Teens

Posted on December 13, 2019

Yubo logo 2019TECH CRUNCH – Dec 12 – French startup Yubo has raised a $12.3M funding round led by Iris Capital and Idinvest Partners. Existing investors Alven, Sweet Capital and Village Global are also participating. The startup has managed to attract 25M users since its launch in 2015. Yubo is a social media app for young people under 25 with one focus in particular on helping teenagers meeting new people and creating friendships. In 2019, the startup has generated $10 million in revenue. Yubo will use this funding round to also improve safety. The company already partners with Yoti for age verification.

by Romain Dillet
See full article at Tech Crunch

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Chinese Video Dating App Yidui Secures $10M

Posted on December 10, 2019

Yidui iconDEAL STREET ASIA – Sep 9 – Video dating app Yidui has raised $10M in Series A+ round from XVC. The dating app is operated by Beijing Milian Technology & Trade. It has closed Series A round funding from BlueRun Ventures. Milian Technology, which launched the dating app in 2018, claims to have 10K+ active profiles currently. By the end of 2019, Milian Technology is targeting to cross 1B yuan ($142M) turnover mark.

See full article at Deal Street Asia

This post also appears on InternetDatingInvestments.com

S’More Launches in Beta, Backed by a $1M Seed Round

Posted on November 15, 2019

Smore screenshotMOBILEMARKETING MAGAZINE – Nov 14 – Dating app S'More (a.k.a. Something More), has launched its private beta this week in the Boston area, with a waitlist of ~8K singles and a $1M seed round, led by Benson Oak Ventures, and also including a number of private investors. S'More wants user to get to know each other without seeing them first. The more a user engages and chats with a person, the more their profile photos unblur and the more their private content unlocks. S'More founder, Adam Cohen Aslatei, worked at various dating apps and ad tech firms, including gay dating app Chappy, The Meet Group and Spark Networks.

by David Murphy
See full article at MobileMarketing Magazine

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Conservative Dating App Receives $200K in Pre-seed Funding

Posted on October 19, 2019

Right hook logoACCESSWIRE – Oct 16 – Right Hook, a North Carolina-based dating startup, have raised ~$200K from several angel investors to fuel the launch of its mobile platform and expansion to markets across the UK and the US. $150K came from London based VENBEYCAP.

See full article at Internet Dating Newswire

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Digital Identity Startup Yoti Raises £8M

Posted on August 3, 2019

Yoti logoTECH CRUNCH – Aug 2 – Yoti, the London startup offering a digital identity platform and app that lets users prove who they say they are when accessing services or making age-verified purchases, has raised £8M in additional funding. The startup had raised £65M in total since being founded in 2014. Yoti has formed a variety of partnerships including Heathrow Airport, which is working with Yoti to explore biometric travel for passengers; NCR, which is using Yoti to improve age-verification at self-checkouts; and Yubo, which is deploying Yoti to verify the age of users and to "safeguard" young people online.

by Steve O'Hear
See full article at Tech Crunch

This post also appears on InternetDatingInvestments.com

Muzmatch Raised $7M

Posted on July 26, 2019

Muzmatch iconTECH CRUNCH – July 26 – Muzmatch, a matchmaking app for Muslims, has just raised a $7M Series A. The app has now ~1.5M users, across 210 countries. The funding will help fuel growth in key international markets, is jointly led by US hedge fund Luxor Capital, and Silicon Valley accelerator Y Combinator – the latter having previously selected Muzmatch for its summer 2017 batch of startups. Last year the team also took in a $1.75M seed. The team has grown from four people seven months ago to 17 now. With the Series A the plan is to further expand headcount to almost 30. Muzmatch was already profitable two years ago.

by Natasha Lomas
See full article at Tech Crunch

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Dating App Muzmatch Is Changing the Way Muslims Find Love

Posted on July 25, 2019

Muzmatch logoSTANDARD.CO.UK – July 25 – Muslim dating app Muzmatch helped 15K couples meet and get married. Muzmatch is often dubbed the Muslim Tinder but the app's founder and CEO, Shahzad Younas, is not so happy with the comparison. "Muslims don't date, we marry," he says. Younas quit his job as an investment banker and spent six months working 18-hour days to create Muzmatch in his bedroom. Six months after launching, the app had produced its first marriage. Today, Muzmatch has 1.5M members. The start-up has achieved profitability thanks to its premium paid-for tier but the next stage is to continue to improve the app and its features, and expand the team and its reach. The start-up has today announced the close of Series A funding round for $7m. Investors included respected Silicon Valley-based accelerator Y Combinator and Luxor Capital.

by Amelia Heathman
See full article at Standard.co.uk

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SAFE App Raised $3.5M to Start Showing Verified STD Results on Dating Sites

Posted on July 1, 2019

Safe app iconGRITDAILY – June 28 – The SAFE app, calling themselves 'the safe sex app,' just raised $3.5M from investors to partner with HUD and add a feature that will allow users to post their verified STD results. The badge is set to launch of HUD profiles on June 28th, kicking off NYC's Pride weekend. SAFE received funding from Flight Ventures, Harry Schwefel (co-CIO of Point 72), Caivis Investments (led by John Scully, former Apple / Pepsi CEO), Startup Health Ventures, and the Mayo Clinic. HUD is one of the top hook-up sites around the world.

by Yelena Mandenberg
See full article at Grit Daily

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German Group Dating App Go Crush Attracts New Angel Investor

Posted on May 7, 2019

Gocrush logoEU STARTUPS – May 6 – Frankfurt-based startup Go Crush is a dating app that allows people to meet in groups. Dr. Jost Schwaner, the ex-CEO of Elitepartner, has just invested a mid-five-figure sum in Go Crush. The team plans to raise another €500K in September, after raising €250K last year. Founded in 2017, Go Crush so far has ~50k registered users in Germany.

by Mary Loritz
See full article at EU Startups

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Atari Is Investing in Qutie, a LGBT Dating App

Posted on April 16, 2019

Lgbtqutie logoPR NEWSWIRE – Apr 16 – Atari, one of the world's most iconic consumer brands, announced today an additional investment in LGBT Qutie. Since its launch last May, Qutie has seen ~400% growth in monthly user acquisition. "This new larger investment from Atari will allow us to scale our growth," said Jordan Weiss and Rachel Kimelman, Co-Founders of Qutie.

See full article at PR Newswire

This post also appears on InternetDatingInvestments.com

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