Category: All Investment Raises

South Asian Dating App Dil Mil Raised $2.7M

Posted on April 1, 2016

Dil mil iconWSJ – Mar 31 – Dil Mil Chief Executive KJ Dhaliwal realized apps like Tinder, Hinge and Coffee Meets Bagel weren't inclusive of the needs of the South Asian community, where dating can be taboo and arranged marriages still occur. Mr. Dhaliwal said 90% of South Asians marry within their own community and those users needed their own app. His matchmaking app Dil Mil has now made ~1.3M matches. The company recently raised another ~$2.7M. It has raised $3.8M in seed financing to date.

by Cat Zakrzewski
See full article at WSJ

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This post also appears on InternetDatingInvestments.

Summarized by the Courtland Brooks team

Three Day Rule Lands Funding

Posted on March 30, 2016

Threedayrule team picLATIMES – Mar 29 – Three Day Rule has raised $650K from the Dallas Angels Network investment group and $550K from several wealthy individuals. The company's 20 matchmakers use software and intuition to find potential partners for customers, who pay ~$4K for three months of assistance. Agreements with Match.com, JDate, Christian Mingle and OkCupid allow Three Day Rule to choose from people listed on those dating sites too. Match.com led a $1.25M investment in Three Day Rule in 2014.

by Paresh Dave
See full article at LATimes

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This post also appears on InternetDatingInvestments.

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Female Friendly Dating App Siren Raised $500K

Posted on March 23, 2016

Siren dating app iconGEEKWIRE – Mar 22 – Siren, the dating app that lets women make the first move, has raised $500K of a planned $750,000 seed round. The dating app, which won App of the Year at last year's GeekWire Awards, will use the money to further develop their platform and user base. Currently, the app has ~20K users.

by Madeline Vuong
See full article at Geekwire

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This post also appears on InternetDatingInvestments.

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DAN Fund Raises $2.5M, Invests 650K In ThreeDayRule

Posted on March 23, 2016

Threedayrule logoD MAGAZINE – Mar 23 – The DAN Fund's third fund has raised $2.5M and already invested $650K in its first portfolio company – Three Day Rule. Three Day Rule is a LA matchmaking company backed by IAC (It serves as the exclusive provider of personalized matchmaking services to The Match Group). The DAN Fund was the lead investor in Three Day Rule's Series A round of $1.2M in 2014.

by Danielle Abril
See full article at D Magazine

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This post also appears on InternetDatingInvestments.

Summarized by the Courtland Brooks team

Ask.fm Founders Back Dating App Mint

Posted on March 18, 2016

Mint iconTECH CRUNCH – Mar 17 – The founders of Ask.fm, the social Q&A app that became embroiled in a cyberbullying media storm before being acquired by IAC, have backed new dating app Mint. Through their startup builder Balaclava Lab, Ilja Terebin, Mark Terebin and Oskar Liepins have invested $1M in the young company. Launched in December, Mint is pitched as a location-based mobile dating app that helps users meet with people nearby.

by Steve O'Hear
See full article at Tech Crunch

This post also appears on InternetDatingInvestments.

Summarized by the Courtland Brooks team

Paktor Secures Funding From Indonesia’s MNC

Posted on March 8, 2016

Paktor logo new jan 16TECHINASIA – Mar 8 – Paktor, Southeast Asia's version of Tinder, raised an undisclosed amount of funding from one of Indonesia's biggest conglomerates, MNC Media. The funding is part of a larger investment round the app is about to close. Prior to this round, Paktor had raised $12M in funding.

by Judith Balea
See full article at TechInAsia

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This post also appears on InternetDatingInvestments.

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The Catch – The Newest Dating App For Women

Posted on March 2, 2016

Thecatch logoVENTUREBEAT – Mar 1 – The Catch lets women pick men based on the answers to their three questions. The Catch has raised a seed round from investors including Charles Hudson Partner at SoftTech and Precursor Ventures, and others.

by Dean Takahashi
See full article at Venture Beat

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Don’t Buy Momo Based On Rumors

Posted on March 1, 2016

Momo app logoSEEKING ALPHA – Feb 29 – Momo Inc is known for its dating app Momo (launched in 2011) which is one of the most popular dating apps in China. The Chinese giant Alibaba Group has been backing Momo for a long time. They had a small stake in the company before Momo went public. In 2012, Alibaba Group took a 20% stake in the company for a valuation of $100M. In June 2015, CEO Yan Tang proposed to take the company private at $18.90 per share. The deal did not go through. Since the offer came in, Momo stock fell to $6.72 per share. When the offer was made, the stock was trading at $17. Last week, Momo appointed Alibaba Cofounder Joseph Tsai, and the stock jumped 31.5%. Momo will publish its Q4 2015 and full year results on March 15. Investors should wait till then to make any investments. Regardless of its app popularity, which boasts ~180M users, the company has remained unprofitable.

See full article at Seeking Alpha

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Indian Matrimony App Maker GetVee Raises More Funding

Posted on February 18, 2016

Wedlock appTECH CIRCLE – Feb 17 – GetVee Technologies, which runs assistant matrimony platform Wedlock and couples-only app Fym, has raised an undisclosed amount from existing investors Lightspeed Venture Partners and others. The money will be utilised for product development, added Gupta. In November 2014, it had raised $1M in a pre-Series A round of funding from Lightspeed Venture Partners.

by Varun Arora
See full article at Tech Circle

This post also appears on InternetDatingInvestments.

Summarized by the Courtland Brooks team

Dating App Paktor Is Taking On Tinder In Southeast Asia

Posted on February 13, 2016

Paktor logo new jan 16INC – Feb 12 – With 6M users across Asian markets, Paktor is the biggest dating app in the region. It raised $7.1M in its Series B funding round this year. Paktor works like Tinder but the premium features allow users to also filter by occupation and education. Paktor says their research shows this is what matters to their users. Users are spending ~13 hours a month on the app, returning six times daily on average.

by Kirsten Han
The full article was originally published at INC, but is no longer available.

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Summarized by the Courtland Brooks team