Category: All Investment Raises

Egyptian Matchmaking App Harmonica Raises $150K From 500 Startups

Posted on April 30, 2018

Harmonica iconWEE TRACKER – Apr 27 – Cairo based matchmaking startup Harmonica is set for expansion having qualified for seed acceleration from the global accelerator, 500 Startups to the tune of $150K. The startup is a part of 18 startup companies that received seed acceleration in the 23rd batch of 500 Startups global accelerator in the Silicon Valley. Currently, the app claims 70K unique users which 10k are daily active users. The recently raised funds will be used to improve its technology and algorithm and add to its team members. Harmonica was founded by Sameh Saleh, Tamer Mohamed, Shaymaa Aly and Aly Khaled. The app prides itself on being strictly an Arab oriented matchmaking app.

by Joshua Moses
See full article at Wee Tracker

See all posts on Harmonica

This post also appears on InternetDatingInvestments.

Summarized by the IDEA team

East Meet East Raises $4M

Posted on April 12, 2018

Eastmeeteast logo 2017TECH CRUNCH – Apr 12 – East Meet East, a New York-based matchmaking service focused on connecting Asian people in the U.S., raised a $4M Series A funding round. The money comes from existing backer 500 Startups and new investors Asahi Medialab Ventures, DG Lab Fund, Mobile Internet Capital, internet ad firm Septeni. The startup previously raised $1M in Nov 2016. The company is testing a service in the Philippines with a view to expanding across other Southeast Asian markets, which could potentially include Malaysia, Thailand, Singapore and Indonesia. Beyond the expansion, the company is also working to enable smarter matching.

by Jon Russell
See full article at Tech Crunch

See all posts on East Meet East

This post also appears on InternetDatingInvestments.

Summarized by the IDEA team

Dating App Reveal Is Raising Money Through Crowdfunding

Posted on March 15, 2018

Reveal app logoOPW – Mar 15 – Reveal is a new dating app that allows females to browse anonymously, only becoming visible to males they like. Matched users can then reveal mutual intentions. The app launched in December 2017 and has already been downloaded 4K times. The app has launched a Crowdcube campaign to raise £50K.

See all posts on Reveal

This post also appears on InternetDatingInvestments.

Post by the IDEA team

“Invite And Meet” Dating App Is Looking To Raise $1M

Posted on March 14, 2018

Inviteandmeet logoOPW – Mar 13 – Invite and Meet, the experience-focused dating app, is looking to raise $1M at a $7.5M pre-money valuation to finance U.S. development. The app, positioned at the cross of Tinder and Meetup, is currently in soft launch in Miami. The company claims it is already generating revenue and will use additional funds for PR & local events, and to launch in 6 metro areas including New-York and Los Angeles. "With a 40% (MAU) retention at 60 days, we forecast to be profitable in the next 12 to 18 months" say Co-CEOs and Co-founders, father and son, Stéphane and Alexandre Lang-Willar.

This post also appears on InternetDatingInvestments.

Post by the IDEA team

Axon Invests In Latam Dating Site Mi Media Manzana

Posted on February 22, 2018

Mimediamanzana logo Feb 2018PRESS RELEASE – Feb 22 – Axon Partners Group is investing in Mi Media Manzana, the leading online dating platform in Peru. Mi Media Manzana will use the funds to accelerate its growth and strengthen its operations in Latin America. Mi Media Manzana has a dominant position in Peru, Colombia, Chile and Mexico. Its users are single and professional 35+ who are looking for a long-term relationship.

The full article was originally published at Axon Partners website, but is no longer available.

See all posts on Mi Media Manzana

This post also appears on InternetDatingInvestments.

Summarized by the IDEA team

On Dating App Hater, Every One Is A ‘Hater’

Posted on February 13, 2018

Hater dating appCNBC – Feb 12 – Hater was created by a Goldman Sachs alum to unite people by things they dislike. The company has raised ~$1M, and has been downloaded more than a million times. Currently the Hater app has 4,000 topics such as cargo shorts, crocs, and vegan food. Like the Tinder dating app, people swipe through the topics, either right or left, to say if they like it or hate it.

by Erin Barry
See full article at CNBC

See all posts on Hater

Summarized by the IDEA team

Gay Dating App Blued Raised $100M

Posted on February 5, 2018

Blued fb pageDEALSTREET ASIA – Feb 5 – Blued secures $100m in Series D funding round. The latest round was led by CDH Investments and UG Capital Investment, marking the seventh round of financing. Launched in 2012, Blued has become one of the world's most popular free gay social apps, attracting ~15M users worldwide. Blued CEO Geng Le said the company will make further efforts to optimize and upgrade products and services.

by Mars Woo
See full article at Dealstreet Asia

See all posts on Blued

This post also appears on InternetDatingInvestments.

Summarized by the IDEA team

Muslim Dating App Muzmatch Raises £1.5M

Posted on February 1, 2018

Muzmatch logoSTANDARD.CO.UK – Jan 30 – Muzmatch, a dating app for Muslims, has raised from a clutch of investors to expand overseas and grow the team. The three-year-old company, based in Aldgate, central London, was set up by Shahzad Younas, 33, an ex-investment banker for Morgan Stanley, and Ryan Brodie, 24, a software engineer. Users can choose not to show photos on their profiles or blur them. It also has a chaperoning option, whereby the in-app chats are sent to a guardian.

by Laura Onita
See full article at Standard.co.uk

See all posts on Muzmatch

This post also appears on InternetDatingInvestments.

Summarized by the IDEA team

Mobile Dating App Clover Raised $7M

Posted on January 17, 2018

Clover logoPR WEB – Jan 17 – Mobile dating app Clover has closed a $7M equity and convertible debenture financing. The round was led by Atlanta based Jackson Investment Group LLC, a private investment firm with ~$1.5 billion of assets under management. Clover is one of the highest rated, top-grossing dating apps in the U.S. The company will use the funds to expand the team, launch new features and accelerate user acquisition. Clover claims 4M mobile users; 80% are in the largest U.S. markets; 75% in the 18-34 age group. With features like on-demand dating and mixers, Clover uniquely focuses on shortening the time between first contact and a real live date.

The full article was originally published at PRWeb, but is no longer available.

See all posts on Clover

This post also appears on InternetDatingInvestments.

Summarized by the IDEA team

Snap Announces $1M Capital Investment To Accelerate Blockchain Initiative

Posted on December 27, 2017

Snapinteractive logoACCESSWIRE – Dec 20 – Snap Interactive, a provider of live video social networking apps building on blockchain, has completed a private placement of 200k shares of common stock to Hershey Strategic Capital, LP at a price of $5/per share. Adam Hershey, Managing Member of Hershey Strategic Capital, has agreed to advise the company on capital markets strategy. SNAP intends to use the net proceeds for the blockchain product initiatives.

See full article at Snap Interactive website

See all posts on Snap Interactive

This post also appears on InternetDatingInvestments.

Summarized by the Courtland Brooks team