TECH CRUNCH – Oct 13 – Bumble is expanding its C-suite with two new hires: Anu Subramanian as Bumble's CFO, who hails from Univision, and Selby Drummond as chief brand officer, who is joining from Snap. Bumble can now claim it has equal male-to-female representation across its C-suite. According to reports, Bumble hit 100M users this summer and is preparing to IPO in 2021, possibly at a $6B-plus valuation.
Category: Bumble
Bumble Partners With the National Domestic Violence Hotline
PR NEWSWIRE – Oct 1 – Today, Bumble is announcing a multi-year partnership with The National Domestic Violence Hotline in response to the increase in unhealthy and abusive relationships. The Hotline saw a 101% increase in reported digital abuse from 2019 to 2020. Bumble will be supporting the nonprofit's "love is respect" initiative that engages, educates, and empowers young people to prevent and end abusive relationships.
Bumble Launches Podcast in India
BIZ ASIA – Oct 1 – The new podcast called 'Is Romance Dead?' is aimed at facilitating dynamic, insightful and engaging conversations around dating, relationships and love. In addition to the podcast, Bumble has partnered with India Film Project to present a series of virtual workshops, exclusively for the Bumble community, led by incredible women creators from the Indian film industry and performance arts.
Top Grossing Dating Apps for August 2020
SENSOR TOWER – Sep 29 – The top grossing dating app worldwide for August 2020 was Tinder with~$83.5M in user spending, which represented 7.8% growth from August 2019. ~43 percent of Tinder's revenue was from the US, followed by 6% from the UK and 6% from Germany. Bumble was #2 with ~$22.7M in gross revenue, up16.8% YOY. The next top grossing app was Pairs, followed by Badoo and MeetMe.
Podcast Interview: Whitney Wolfe Herd of Bumble
NPR – Sep 19 – Last year Bumble launched video chat. It was initially slow to take off. That changed after the pandemic. Whitney Wolfe Herd says many Bumble users are getting to know each other on video before meeting in person – a trend that could change dating for the better. Hear podcast for more…
Bumble Will Exist as Long as Women Do, CEO Says
TECH CRUNCH – Sep 15 – Bumble CEO Whitney Wolfe Herd wants to build a truly timeless company. She said onstage at TechCrunch Disrupt 2020: "We truly believe that as long as there are women on planet Earth – which there would be no planet Earth without them – we believe we will be in business."
Bumble’s Buzz Won’t Sting Match
WALL STREET JOURNAL – Sep 3 – Bumble IPO would disrupt the virtual monopoly that Match Group has long enjoyed in the public dating scene. But whether Bumble can turn investors' heads likely has less to do with what it could print in a public offering filing and more to do with the pace at which it manages to grow over time. The company has held its metrics close to the vest, but is widely seen as a solid competitor to both Tinder and Hinge. Match saw an increase in usage among younger users and females during the lockdown. That would bode well for Bumble since younger female users are a key demographic. Messages sent on Bumble increased 20% in the U.S. the week ended May 1 versus the week ended March 13, while Match said the average number of daily messages sent across its platforms was 27% higher during the month of April versus the last week of February.
Bumble to Plan IPO at $6B Value
BLOOMBERG – Sep 2 – Bumble is preparing for an IPO that could come early next year. The app could seek a valuation of $6B to $8B. Private equity firm Blackstone Group (known as MagicLab) bought a majority stake in Bumble last year in a deal that valued the company at $3B.
Inside Bumble’s Sunny Yellow Texan Headquarters
VOGUE – Aug 25 – Bumble's Austin HQ was opened in 2017. Bumble's founder, Whitney Wolfe Herd, wanted to create a space that was a departure from other tech companies' offices.
Bumble Brings Benches to Atlanta to Help With Socially Distant Meetups
WSB-TV2 – Aug 26 – The bright yellow bench has two seats that are six feet apart and includes a hand sanitizer dispenser. Printed on the bench it says, "I need space – but only like 6 feet."