YOUR STORY – Juleo, a Delhi-based dating app founded in 2023, focuses on AI-driven matchmaking and strict ID verification to ensure safe, real-life connections. The app recently secured $2.5M in angel funding from notable tech entrepreneurs. Juleo prioritizes privacy, especially for women, with profiles set to private by default. It has ~50K downloads and offers premium membership services. Currently available for heterosexual matches, Juleo plans to introduce LGBTQA+ options soon.
Category: All Investment Raises
Schmooze, an India-based AI-powered Dating App, Raises $4M
by Krithika K L
See full article at INC42
This post also appears on InternetDatingInvestments.com
AI-Driven YouMatch App Raises $1.5M
See full article at Globe Newswire
This post also appears on InternetDatingInvestments.com
Spoony, a Startup for Neurodivergent People, Secures Funding
LINKEDIN – Global VC firm Antler has invested in Spoony, a community platform designed for neurodivergent, chronically ill, and disabled individuals. Spoony plans to leverage this support to accelerate product development and expand its global presence. With a major launch on iOS and Android approaching, the investment will also drive user acquisition, marketing, and strategic partnerships. Antler's Mike Abbott highlights Spoony's unique approach, blending social connection with health management, as well as its strong early engagement, with 30K users already on the waitlist.
This post also appears on InternetDatingInvestments.com
Dating App First Round’s On Me Raises $3M
AXIOS – The dating app First Round's On Me (FROME) has raised $3M in seed funding to expand its focus on in-person dating. Unlike traditional swipe-based apps, FROME requires users to suggest or plan a date when they match. Since its launch in 2020, the app has facilitated ~8K dates and 50 in-person events. Now preparing for a nationwide rollout, FROME aims to grow its user base through subscriptions, events, and a media network. The funding will be used for hiring, marketing, and expanding the app's functionality to include planning social events.
by Kerry Flynn
See full article at Axios
This post also appears on InternetDatingInvestments.com
Fuse App Introduces Collaborative Matchmaking With Friends and Family
BIZWOMEN – Elodie Clowes and Amanda Karr have launched Fuse, a matchmaking app that integrates friends and family into the dating process. Unlike traditional dating apps, Fuse allows users' close ones to participate in selecting potential matches. After launching a beta version, Fuse is now officially available in Philadelphia and aims to expand to other cities. With $830K in pre-seed funding, led by Nathan McCauley, co-founder of Anchorage Digital, Fuse plans to raise a $3M seed round this fall.
by Ryan Mulligan
See full article at BizWomen
This post also appears on InternetDatingInvestments.com
Former Clubhouse Employees Launch “Why?!”, a New Social App to Combat Loneliness
TECH CRUNCH – Former Clubhouse employees Maya Watson and Lexi Nisita have launched why?!, a new social app combining messaging, networking, and dating features to address the "loneliness epidemic." The app, inspired by their professional experiences at Netflix and Clubhouse, aims to foster deep, trustworthy relationships through interactive elements like question card games and Facetime-like chats. Why?! recently secured $1.65M in pre-seed funding led by Precursor Ventures, with support from investors including Barclays Black Foundation and Clubhouse's CTO. Currently in private beta, the app plans to officially launch in the fall, with the team focused on expanding its engineering support as it grows.
by Dominic-Madori Davos
See full article at Tech Crunch
This post also appears on InternetDatingInvestments.com
Indian Dating App Juleo Raises $2.5M
BW DISRUPT – Juleo, an exclusive club for singles, raised $2.5M in an angel funding round from 180+ prominent investors, including notable figures like Ramakant Sharma of Livspace and Kunal Shah of CRED. Inspired by traditional Indian matchmaking, Juleo aims to address online dating and matchmaking challenges in India by promoting responsible and genuine connections.
See full article at BW Disrupt
This post also appears on InternetDatingInvestments.com
Flutrr, Vernacular Dating App, Gains Momentum With Huma Qureshi as Investor
YOUR STORY – Flutrr, founded in 2021 by Kaushik and Anirban Banerjee, is a vernacular dating app helping young Indians in Tier II and Tier III cities connect in their regional languages. Flutrr has raised ~$780K (Rs 6.5 crore) from investors, including Indian actress Huma Qureshi, Times of India, and The Chennai Angels. The app operates on a pay-per-use model, offering premium features through micro-transactions. The startup, which has ~400K active users and is nearing 1M downloads, generates a monthly revenue of $24K – $25K,160 (Rs 20-21 lakh). It aims to reach 5-6M users and achieve profitability by the end of 2024. The Indian online dating market is expected to reach $69M in 2024.
by Trisha Medhi
See full article at Your Story
This post also appears on InternetDatingInvestments.com
Pitch Deck Teardown: RAW Dating App’s $3M Angel Deck
TECH CRUNCH – The RAW Dating App aims to shake up the dating scheme by shedding the fake, TikTok-ified, heavily filtered photos and replacing them with a more genuine, unvarnished experience. The app targets young professionals and students, particularly women aged 21 to 27, who seek genuine interactions. The company claims to have raised $3M, though this remains unverified. According to Tech Crunch, the app's pitch deck has notable issues, such as presenting solutions before problems and lacking clear market data, go-to-market strategy, and business model. The competitive analysis is weak, and some slides are poorly defined or titled. Despite these flaws, the solution slide is clear and well-articulated, highlighting the app's approach to solving dating app problems, but the overall presentation needs significant improvement.