Category: All Investment Raises

Gay Dating App Blued Bags Investment From China’s State-run Media

Posted on February 8, 2017

Blued logoTECHNODE – Feb 8 – China's attitude toward GLBT community is improving. Chinese gay chat and hook-up app Blued has sealed eight-digit RMB strategic funding from the investment arm of The Beijing News, a state-backed newspaper group. Blued now supports 13 languages and has set up offices in Thailand, Vietnam, and the U.K. In December last year, Blued made a strategic investment with U.S. dating app Hornet in an attempt to make forays into North American and Latin American markets. The company is recording profits now thanks to thriving live streaming and mobile marketing businesses.

by Emma Lee
See full article at Technode

Update: YIBADA – Feb 10 – Blued raised $30M from The Beijing News.

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This post also appears on InternetDatingInvestments.

Summarized by the Courtland Brooks team

BharatMatrimony Survey: Indian Men Prefer Beautiful, Uneducated Wives

Posted on January 24, 2017

Bharatmatrimony logo June 13THE SIASAT DAILY – Jan 24 – BharatMatrimony recently conducted a survey to find out what people look for when searching for a life partner, in which 13,859 participants shared their opinions. 87% of females said look is important, while 93% men said looks do matter. 53% women said they prefer a professionally qualified partner. However, only 17% of men were looking for a professionally qualified bride. 65% girls were looking for a partner with age difference of up to four years while 54% men preferred up to four years and 26% men preferred "above five years".

See full article at The Siasat Daily

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Dating App For Mindful Living Raises Over $1.075M

Posted on January 19, 2017

Meetmindful logo jan 17FUNDABLE – Jan 19 – MeetMindful is a new dating platform for the mindful living market. The MeetMindful app officially launched in June 2015 after they successfully demoed their prototype in Denver and Boulder. They gained major traction in 2016 and went through Techstars in Spring 2016. Since then, user growth and revenue generation have been growing quickly with over 180k registered users, 4k daily active users, and ~$1M in revenue to date. They have raised over $1.075M in their current round and are still accepting investors to oversubscribe. They have so far secured ~$2M.

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This post also appears on InternetDatingInvestments.

Summarized by the Courtland Brooks team

Queek’d Raised £30k

Posted on January 3, 2017

Queekd logo jan 17BDAILY.CO.UK – Jan 3 – Online dating comparison site, queek'd, has received £30k after its founder, Elisa McLean, pitched to a Norwegian investor. Launched in early 2016, queek'd asks users to complete a short personality quiz to match them with a dating site that suits their needs.

by Billy Wood
See full article at BDaily.co.uk

This post also appears on InternetDatingInvestments.

Summarized by the Courtland Brooks team

Bumble Invests In Gay Dating App Chappy

Posted on December 14, 2016

Chappy logoTECH CRUNCH – Dec 14 – Bumble, the dating app that puts women in the driver's seat, has invested in gay dating app Chappy. The details were not disclosed but Bumble is the sole investor in the round and will take an equity stake. In exchange, Bumble will be offering product development and marketing support. Chappy is a gay dating app based in the UK.

by Fitz Tepper
See full article at Tech Crunch

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Summarized by the Courtland Brooks team

JigTalk – A Dating App Where Users Have To Talk To See Photos

Posted on December 14, 2016

Jigtalk logoBQLIVE – Dec 14 – Max Adamski and Alex Durrant raised £130k to launch their "blind" dating app JigTalk. On JigTalk, users' photos are covered by 16 jigsaw pieces. These unveil one by one as more and more messages are exchanged. Max came up with this idea after using Tinder unsuccessfully. The app launched in Beta on Valentine's Day 2016. The company is hoping to complete another investment round of £1M in July/August 2017 to take the app UK wide and into US and Europe.

by Bryce Wilcock
See full article at BQLive

This post also appear on InternetDatingInvestments.

Summarized by the Courtland Brooks team

DateTix Group Raises $1.75M To Boost Dating App Growth

Posted on December 5, 2016

Datetix logoPROACTIVE INVESTORS – Dec 5 – DateTix Group has raised $1,759,600 via a placement to new and existing Asia and Australian-based investors at $0.34 per share. DateTix is a mobile app that facilitates on-demand dates. DateTix recently completed the acquisition of Lovestruck, a premium online dating platform currently operating in Hong Kong, Singapore and the United Kingdom.

See full article at Proactive Investors

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This post also appears on InternetDatingInvestments.

Summarized by the Courtland Brooks team

Gay Dating App Hornet Raises $8M

Posted on November 23, 2016

Hornet logo June 16VENTURE BEAT – Nov 22 – Hornet has raised $8M in its first round of institutional financing. The Series A round was led by Shanghai-based VC firm Ventech China, and adds to the $500k angel round Hornet raised back in 2012. Hornet says that the cash will be used to "support rapid business growth and user adoption" around the world. Ventech China participated in the Series C round of China's gay dating app Blued in June this year. Blued is big in Asia, and has claimed to be twice as big as Grindr.

by Paul Sawers
See full article at Venture Beat

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This post also appears on InternetDatingInvestments.

Summarized by the Courtland Brooks team

America’s Asian Dating App East Meet East Raised $1 Million

Posted on November 16, 2016

Eastmeeteast logoPR NEWSWIRE – Nov 15 – East Meet East, the app and website that matches Asian and Asian American singles in the U.S., has raised $1M. The funding will be used to further develop the mobile app and accelerate the company's growth, specifically in the U.S., Canada, Australia, the U.K., and Hong Kong. The investors in this round include: 500 Startups, East Ventures, DeNA1, iSGS Investment Works, Shintaro Yamada and others.

See full article at PR Newswire

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This post also appears on InternetDatingInvestments.

Summarized by the Courtland Brooks team

Paktor Raises $32.5M

Posted on October 31, 2016

Paktor screenshot websiteE27 – Oct 31 – Four months after Paktor raised $10M, Singapore-based social dating platform has announced a new funding of $32.5M, led by K2Global and existing investor, Indonesian conglomerate PT Media Nusantara Citra Tbk. The funds, which bring its total capital to $57.5M, will be used to further expand Paktor's product portfolio into social entertainment arena. Paktor is Asia's Tinder. The app launched in 2013 and claims to have 20M users.

by Yon Heong Tung
See full article at Yahoo! News Singapore

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This post also appears on InternetDatingInvestments.

Summarized by the Courtland Brooks team