LINKEDIN – Mattr.Social is finalizing its fundraising drive, seeking the last 10% (£33k EIS) of their target. This dating platform, designed to be accessible for people with neurodiversity and mental health conditions, has seen significant growth since its Sep 2023 launch. Investors include Ada Ventures, Bumble, Feeld, Badoo, Bain & Company, Depop, Blend Group, Psychiatry-UK, and Monster Energy.
Category: All Investment Raises
Pitch Deck Teardown: Queerie’s $300K Pre-seed Deck
TECH CRUNCH – Queerie, a new dating app aimed at LGBTQIA+ folks, wants to raise $300K. The startup shared its pitch deck with TechCrunch. The deck shows promise with its fresh, mission-driven approach. However, it has key areas that need improvement, according to TechCrunch.
- Team Diversity and Expertise: The team lacks diversity and appears overqualified in areas not directly beneficial to a startup's early stages, particularly missing marketing and startup experience.
- Unique Selling Proposition: The app doesn't clearly differentiate itself from other dating apps, missing an opportunity to highlight what makes it unique.
- User Engagement and Traction: Mention of 95 beta testers lacks evidence of meaningful engagement. Confusing timelines and growth projections also detract from the app's perceived viability.
- Financials and Growth Strategy: The financial projections and growth strategy appear unambitious, with insufficient budget for app development and unrealistic user growth expectations.
Dating App Bindr Accepted Into AlphaLab Accelerator
TECHNICAL.LY – Mary Richardson, frustrated by her experiences on dating apps as a bisexual individual, co-founded Bindr in August 2022. The app, which has garnered 100K users, was recently accepted into Innovation Works' AlphaLab 2024 accelerator. Bindr allows users to interact without labeling themselves and incorporates social features like a grid view and timeline. After securing initial funding through pitch competitions, the co-founders are now seeking a $1.5M seed round, with a recent $100K infusion from AlphaLab.
by Atiya Irvin-Mitchell
See full article at Technical.ly
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Dating App Blush Launches With $7M in Funding
TECH CRUNCH – Invite-only dating app Blush has raised $7M in seed funding to scale and expand its platform. Founded in Oct 2023 by Matthew Alfin, Blush is currently operational in LA and plans to extend to cities like Miami, New York, Chicago, and Austin. It matches users based on shared favorite local venues, aiming to make online dating more personal and connected to real-life experiences. Blush also hosts private community events for members and offers zodiac compatibility charts. Future plans include broadening its reach and introducing an AI dating coach to provide personalized dating advice.
by Aisha Malik
See full article at Tech Crunch
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Antler Backs Humpday: a New Wednesday-Only Dating App
STARTUP DAILY – Antler Australia, an early-stage investment company, has invested in a new startup called Humpday. Founded in Jan 2023 by Kara Zervides and Charlotte Vieira, Humpday is active only on Wednesdays, encouraging users to make more meaningful connections through limited access. This model is designed to reduce dating app fatigue by promoting intentional use and real-world meetings. The app's development is underway, with a launch planned for Feb 2024.
See full article at Startup Daily
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FITFCK Secures Champion Powerlifter Backing
BUSINESSCLOUD – FITFCK, a fitness dating platform, has received investment from champion powerlifter Nathaniel Massiah, valuing the business at £15M. Massiah, a 21-year-old fitness influencer with over 500K followers and recent winner of the Junior European Powerlifting Championship, praised FITFCK's community growth. The startup, which also attracted investment from OnlyFans founder Tim Stokely and others, claims 50K downloads.
See full article at BusinessCloud
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FITFCK Sets Eyes on £5M Funding
LONDON DAILY POST – Fitness dating brand, FITFCK, plans to launch a £5M A-Round fundraise following a successful earlier funding in 2022. Backers include OnlyFans Founder, Tim Stokely. Since its rebranding in March 2022, FITFCK has gained popularity among gym enthusiasts, partnering with Fitness First and launching an app for both iOS and Android. The brand is expanding its offerings with products like underwear and energy drinks. The company aims to expand to the US fitness dating market in 2024.
by Natalie Roberts
See full article at London Daily Post
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Flutrr, Indian Dating App, Raises Rs 4 Cr ($480K)
BUSINESS STANDARD – Flutrr, India's inaugural multilingual dating app, has secured a funding of INR 4 Cr ($480K) in a round led by The Chennai Angels, with participants including The Times of India and other individual investors. Targeting the 500M non-English fluent youth in India, Flutrr offers its services in 16 local languages. The funds will be used to grow its user base to 5M and aim for a monthly revenue of Rs. 100 lakhs ($120K).
See full article at Business Standard
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Queer Social App Lex Gets a New CEO and $5.6M to Grow
TECH CRUNCH – Lex, an app inspired by vintage lesbian personals, has secured $5.6M in seed funding. The app's co-founder, Jennifer Lewis, has been promoted from COO to CEO, while the founding CEO, Kel Rakowski, becomes the chief creative officer. Michelle Parsons, previously from Hinge, has been appointed as the chief product officer. The app is popular among the LGBTQIA+ community in major cities like New York and LA, offering a platform for various social interactions beyond just dating. Recently, the app underwent a redesign emphasizing community over just hookups. The new funds will be used for expansion. Their monetization strategy will differ significantly from major platforms like Facebook or TikTok, emphasizing in-person meet-ups over prolonged app usage.
by Harri Weber
See full article at Tech Crunch
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IRL Dating App, MM Raised £600K/$750K
TECH ROUND – MM, a dating app blending tech with real-life experiences, has secured £600K in seed funding. The app allows users to connect in real life at local venues, curates events, and partners with organizers to facilitate in-person encounters. The app caters to diverse communities, particularly focusing on cultural nuances within African, Caribbean, and African-American demographics. The funding will support team expansion, app enhancements, and marketing efforts in key cities.
See full article at Tech Round
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