CNBC – Dec 16 – HeTexted is pairing women with strangers who can answer their relationship questions. All advisors are required to sign a nondisclosure agreement. Users can leave comments and rate their advisors on how helpful they were. The start-up has raised $720K through 500 Startups and the New York Angels Entrepreneur Catalyst Fund.
Category: All Investment Raises
Stitch Is A Tinder For Seniors
CNBC – Nov 21- Stitch, a companionship app for adults over 50, has been on the market since July 2014. It allows seniors to connect not just romantically but also allows them to search for platonic companionship, travel partners or fellow eventgoers. The start-up behind the app raised $1M and has grown to 25K users.
by Ritika Shah
See full article at CNBC
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Match Group Higher Following IPO
SEEKING ALPHA – Nov 19 – After pricing its 33.3M share IPO at $12, Match Group opened at $13.50 and is now at $13.10, up 9.2%.
by Eric Jhonsa
See full article at Seeking Alpha
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Match Prices Its IPO AT $12 Per Share
TECH CRUNCH – Nov 19 – Match has priced its IPO at $12 per share, raising $400M. The company will begin trading on the Nasdaq today under the ticker symbol 'MTCH.'
by Alex Wilhelm, Katie Roof & Matthew Lynley
See full article at Tech Crunch
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Gay Dating App Blued Plans IPO
GAYSTAR NEWS – Nov 12 – The CEO of Blued, the world's biggest gay dating app, says he would like to see his company make a stock market launch in the next five years. Based in China, Blued has 3M daily active users. By comparison, Grindr has 2M daily users. Blued soon expects to close its third fundraising round. The fundraising is expected to raise $50 to $100M.
by David Hudson
See full article at Gaystar News
Latin America Dating App Kickoff Raised $1.6M
PEHUB – Oct 26 – Kickoff, Latin America’s leading dating app, which connects friends of friends looking for a meaningful relationship, has received a $1.6M investment from Monashees Capital, Brazil’s leading VC fund, and angel investors. Kickoff was launched in Sao Paulo in Dec '14 and has grown via word of mouth across Brazil and Argentina. The investment provides us the resources to grow our team, expand to new cities and develop new features,” says co-founder and COO Alanna Phelan.
by Iris Dorbian
See full article at PeHub
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Threesome App 3nder Raised 500K
REALBUSINESS.CO.UK – Oct 22 – 3nder, a threesome app, has just raised 500K from two tech angel investors. The app is for singles and people in open relationships. The app is close to reaching 1M downloads.
by Zen Terrelonge
The full article was originally published at RealBusiness.co.uk, but is no longer available.
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Squad Is Like Tinder For Groups
TECH CRUNCH – Oct 20 – Squad, a New York base startup, is officially launching its iOS app today, it's also announcing a raise of $1.7M in seed funding. According to founder and CEO Adam Liebman, squad is designed to facilitate more casual group meetups. Dating and hookup is not its main goal. He said the idea came from a trip to Montreal, where he "hacked Tinder" by turning his profile into a group profile that allowed him and his friends to meet new people while traveling. The Squad app is free. Liebman said the current focus is on "creating a great product," but eventually, he plans to make money through ads.
by Anthony Ha
See full article at Tech Crunch
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Match Group Files For IPO
WSJ – Oct 16 – Match Group, owner of Tinder, OkCupid and Match.com has filed to go public on Friday. Their shares would be listed on Nasdaq under the symbol MTCH. The preliminary filing indicated Match would raise up to $100 million. Match Group's parent company IAC will retain over 50% of voting rights after the IPO.
The company logged $888.3 million in revenue in 2014, up about 11% from the previous year, according to its filing with the Securities and Exchange Commission. Match's net income for 2014 was $148.4 million, up 18% year over year. All Match's dating properties have more than 59M MAU and approximately 4.7M paid members.
by Georgia Wells & Maria Armental
See full article at WSJ
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Dating App Happn Raised $14 Million, Wants To Enter Asia
TECH CRUNCH – Oct 1 – French dating app Happn just raised a $14M Series B round. Previously, the company had raised an $8M Series A round. Happn now has 6M users in 25 cities around the world. The next step is Asian expansion.
by Romain Dillet
See full article at Tech Crunch
This post also appears on InternetDatingInvestments.