Category: CoffeeMeetsBagel

Coffee Meets Bagel, The App That Turned Down $30M, Doubled Its User Base

Posted on July 28, 2015

Coffee meets bagel logoABC NEWS – July 27 – The Kang sisters from Coffee Meets Bagel stunned everyone when they said no to $30M from Mark Cuban. They believe their dating app is worth a whole lot more. Coffee Meets Bagel raised $7.8M in external funding and has more than doubled its user base since January. The app is free and delivers one match (bagel) by noon each day. Users have 24 hours to “Like” or “Pass” on their Bagel, and if two people “Like” each other, then the app will open a private chat to set up a date. A majority of the app's users are females.

by Juju Chang, Hana Karar & Lauren Effron
See full article at ABC News

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Summarized by Courtland Brooks Internet Dating Marketing Consulting

Coffee Meets Bagel Launches In London

Posted on July 10, 2015

Coffee meets bagel logoSTANDARD.CO.UK – July 9 – Coffee Meets Bagel, a dating site founded by three US-based, South Korean-born sisters, uses Facebook profile to recommend matches based on users’ friends of friends. Every day at noon, users receive their top match and have 24 hours to "like" or "pass". The app is already available in the US, Hong Kong, Sydney and Toronto.

by Jamie Nimmo
See full article at Standard.co.uk

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Summarized by Courtland Brooks Internet Dating Marketing Consulting

Coffee Meets Bagel Attracted 100K Users In Hong Kong In 3 Months

Posted on June 23, 2015

Coffee meets bagel logoEJINSIGHT – June 22 – Dating app Coffee Meets Bagel (CMB) launched in Hong Kong, the app's first stop in overseas expansion, three months ago. Since then, CMB attracted 100K users, and is in the top 10 in Apple's App Store. Co-founder Dawoon Kang said the app has huge potential given ~2M Hong Kong FB users age 21-35 are single and they have 768 friends on average. To become a CMB member, a user has to register through Facebook. The app will then analyze the user’s friend group. Every day around noon, CMB randomly picks one of the matches and sends it to members who can then access the personal info of the recommended person for 24 hours. In that time, they can decide to proceed or pass. After Hong Kong, Toronto will be its next stop.

See full article at Ejinsight

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Dating App Coffee Meets Bagel Launches In Sydney

Posted on May 25, 2015

Coffeemeetsbagel cofoundersNEWS.COM.AU – May 25 – Coffee Meets Bagel, the dating app that turned down a $30M offer from Mark Cuban on the US TV series Shark Tank, is launching in Australia. Coffee Meets Bagel introduces users to one match every day and they have 24 hours to pass or like their counterpart.

by Jennifer Dudley-Nicholson
See full article at News.com.au

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Coffee Meets Bagel Begins International Expansion With Hong Kong

Posted on April 3, 2015

Coffeemeetsbagel hongkongFORBES – Apr 3 - Coffee Meets Bagel is a dating app that has been making waves in the US ever since the founders went on the popular TV show SharkTank and rejected investor Mark Cuban’s offer of $30M. The company went on to close a $7.8M series A financing round earlier this year. Coffee Meets Bagel arrived in Hong Kong on March 4th. Founder Dawoon Kang wouldn’t reveal membership numbers but did say that the service has achieved “consistent 20% week on week growth” since launch. Facebook is proving a key platform for spreading interest in the app.

by Joshua Steimle
See full article at Forbes

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Coffee Meets Bagel Lands $7.8 Million In Series A

Posted on February 19, 2015

Coffee meets bagel logoTECH CRUNCH – Feb 18 - Coffee Meets Bagel has closed a $7.8M Series A financing round led by existing investor DCM Ventures. Question Ventures and Azure Capital also participated in the round. Launched in 2012, Coffee Meets Bagel aims to find one quality match for their users every day by using friend-of-a-friend connections on Facebook. IF both parties like their match, Coffee Meets Bagel gives the budding couple a discount on a first date activity, like grabbing a coffee or a drink. Users have 24 hours to respond to a match before it expires.

by Jordan Crook
See full article at Tech Crunch

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Summarized by Courtland Brooks Internet Dating Marketing Consulting

Dating Apps Created By Women For Women

Posted on February 10, 2015

CoffeemeetsbagelappFORTUNE – Feb 10 – Women have been subjected to harassing comments on dating apps, like Tinder and OkCupid, which have been created by largely male teams. Several new dating apps have been created by women such as Coffee Meets Bagel that has attracted $2.8M in funding, and Bumble. On Bumble, only women can initiate the conversation. Three Bay-Area sisters, Arum, Dawoon and Soo Kang launched Coffee Meets Bagel. It uses Facebook info to match users with friends of friends. They get one match a day. If both parties decide they want the introduction, the app sends an ice-breaker question to both. Dattch is a dating app aimed at lesbians. Dattch features a pinterest-like layout which is heavy on pictures. The pictures remove the need for self-description and instead drive conversation towards interests and hobbies.

by Shalene Gupta
See full article at Fortune

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Valentine’s Day Is A Lonely Time For Dating Apps

Posted on February 5, 2015

Zoosk smart pickSF BUSINESS TIMES – Feb 4 – Early February is not a strong month for looking for a partner online, said Dawoon Kang, co-founder of Coffee Meets Bagel. "Those that aren't matched up usually wait until after the holiday." Zoosk's internal numbers back that up. Last year, there were 16% more messages sent on Zoosk in the two weeks following Valentine's Day compared to the two weeks before. However, the big day itself had the least profile views of any day in February 2014.

by Krystal Peak
See full article at SF Business Times

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Coffee Meets Bagel: Worth More Than $30M?

Posted on January 12, 2015

Coffee-meets-bagel-is-this-new-dating-site-worth-more-than-30-millionJOBS & HIRE – Jan 10 – The site has risen quickly since its launch 2 years ago to become one of the most talked about dating sites around. On Tuesday, Coffee Meets Bagel officially launched its Android mobile app, and on Friday, the Kang sisters appeared on ABC's Shark Tank to gather investment for their venture. The sisters were offering a 5% stake in their company for $500K, and turned down a $30M offer for the company from panelist Mark Cuban. Reports indicate that they have generated more than $2M since embarking on a fund raising drive to support the expansion.

See full article at Jobs & Hire

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Coffee Meets Bagel Goes Live On Android

Posted on January 7, 2015

Coffeemeetsbagel screenshotTECH CRUNCH – Jan 7 - Coffee Meets Bagel only serves users one match per day, based on connections through Facebook or in that user’s social graph. When a match is offered, and both users say “yes”, Coffee Meets Bagel sets up a date between the two potential lovebirds at a discount. The dating service is now available on Android. It launched on iOS in August 2014 and has since seen double-digit growth month-over-month in MAUs. Founder Dawoon Kang says that engagement is ~57% monthly.

by Jordan Crook
See full article at Tech Crunch

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Summarized by Courtland Brooks Internet Dating Marketing Consulting