All Investment Raises – Page 32 – Online Personals Watch

Hinge Raises $12 Million

Posted on December 12, 2014

MASHABLE – Dec 11 – Mobile startup Hinge has raised $12M in Series A funding. Hinge had previously brought in $8.6M in seed funding and convertible notes. Shasta Ventures led the round, along with previous investors including Lowercase, Great Oaks, Eniac and CAA ventures. The funding will be used to bring the app into more markets. Hinge is currently available in 28 cities, 24 of which were launched in 2014. The company recently brought in former Spotify employee Eric Bogs to heads up its engineering team.

by Jason Abbruzzese
See full article at Mashable

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Happn Attracts $8 Million To Roll Out Its Tinder-Like App Globally

Posted on December 12, 2014

TECH CRUNCH – Dec 11 – French dating app Happn just raised an $8M Series A round from Alven Capital and DN Capital, as well as business angels, such as Fabrice Grinda. Happn uses phone’s location to show users potential matches. Happn is now available in Paris, London, Berlin, Barcelona, Madrid and New York. Out of its user base of 1M people, 200K people use Happn every day.

by Romain Dillet
See full article at Tech Crunch

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China’s Gay Hookup Apps Seen As Cash Cows

Posted on December 9, 2014

GLOBAL TIMES – Dec 8 – Blued, a gay hookup smartphone app, recently received $30M funding. Similar gay matchmaking apps have also attracted investment. Zank, an app similar to Blued, attracted a $3.25M investment this July. Zank has drawn ~5M users since its launch in 2013. Blued is the most popular gay app in China. The app has 10M users.

by Liang Chen
See full article at Global Times

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Asian Dating App “Paktor” Gets Another Funding

Posted on November 18, 2014

TECH IN ASIA – Nov 18 – Paktor, a Singapore-based dating app with ~1.5M registered users, has raised $5M in the last 12 months. The company has just announced its latest funding from Vertex Venture, a VC subsidiary of Singapore sovereign wealth fund Temasek Holdings. The money will be used to expand into new markets like Malaysia by next quarter. Its key markets have been Singapore, Vietnam, Thailand, and Taiwan. It will also release a desktop version of its app, and will venture into offline matchmaking.

by Terence Lee
See full article at Tech In Asia

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Tinder Co-Founders Invested In College Social App WiGo

Posted on November 18, 2014

BOSTON GLOBE – Nov 17 – WiGo, a college-only app based in Boston that helps students coordinate their social plans, has received an investment from Sean Rad and Justin Mateen, the co-founders of Tinder. The size of the investment was not disclosed, but TechCrunch reported that it totaled ~$700K. WiGo (short for “who is going out”) was launched in January 2014.

by Jack Newsham
See full article at Boston Globe

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The League: Invite-Only Dating App

Posted on November 13, 2014

RE/CODE – Nov 12 – The app intended to attract “high quality” singles is launching in San Francisco Wednesday in hopes of matching singles who are more “ambitious” and “engaged” than users of other dating apps. The League keeps a “flakiness score” for users to determine whether or not they are engaging with others in the community. The waiting list for The League is more than 10K people across the country. $750K in seed funding was received from IDG Ventures, xSeed Capital, and Cowboy Ventures.

by Kurt Wagner
See full article at Re/code

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Maker Of Chinese Dating App Momo Files For U.S. IPO

Posted on November 10, 2014

WSJ – Nov 7 – Momo Inc, the maker of Chinese dating and chat app Momo, has confirmed its plan to go public in the U.S. Momo has grown rapidly since its 2011 launch. It began as an online dating app, but it has pushed to become a platform to help people with shared interests connect in locales across China. Monthly active users reached 60.2 M in September, more than doubling from a year earlier. Membership subscription fees accounted for 63% of its revenue in H1 2014. Total H1 2014 revenue was $13.9M, up from $3.1M in the comparable 2013 period. Net loss was $8.3M, compared with a $9.3M loss in the H1 of 2013. Alibaba owns a 21% stake in Momo.

by Josh Beckerman
See full article at WSJ

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Mobile Dating Venture Vee Raises $1M

Posted on November 10, 2014

VCCIRCLE – Nov 7 – Vee, an Indian mobile dating app, has received $1M in its pre-Series A round of funding from Lightspeed Venture Partners. Launched in April this year, Vee connects people who are single with others having the same tastes. The firm is also looking to monetise the app in the near future by introducing a paid subscription model.

by Sainul K Abudheen
See full article at VCCircle

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Dating Startup Run By Michael Dell’s Son Raises $585K

Posted on November 6, 2014

AUSTIN BUSINESS JOURNAL – Nov 5 – Interested Inc, the parent company of ThreadDating.com, a mobile dating app aimed at college students, has raised $585K of a planned $610K financing. Interested was founded by 17-year-old Zachary Dell. It claimed 1K members last month.

by Christopher Calnan
See full article at Austin Business Journal

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Chinese Gay Dating App Blued Raises $30M In Funding

Posted on November 4, 2014

GAYSTARNEWS – Nov 3 – The app claims 15M users, 300K of whom are overseas and 20% of whom log on daily. In comparison, Grindr has 5M users. The company would use the investment to improve talent and the product.

by Darren Wee
The full article was originally published at GayStarNews, but is no longer available.

See all posts on Blued

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