BUSINESS INSIDER UK – May 21 – 150 people attended a very first sleepaway camp for singles, organized by the dating app Coffee Meets Bagel. During the 3day camp, several singletons had coupled up, while others were pretty close to doing so.
Category: CoffeeMeetsBagel
CoffeeMeetsBagel Raises ~$7M
PITCHBOOK – May 4 – Coffee Meets Bagel has raised ~$7 million in Series B funding, per an SEC filing. The funding values the San Francisco-based startup at about $82M. The round comes just as Facebook enters the online dating game. Coffee Meets Bagel, named because matches are referred to as "bagels" in the app, has previously raised ~$10M in equity funding from investors including DCM Ventures, Quest Ventures and Azure Capital. The founding team consists of three sisters, Arum, Dawoon and Soo Kang. The trio famously pitched to Mark Cuban on Shark Tank in an episode that aired in 2015.
by Kate Clark
See full article at Pichtbook
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The Latest Relationship Trend Is ‘Slow Dating’
BUSINESS INSIDER – Mar 22 – Dating apps are starting to offer fewer, more curated matches. Dating app Once delivers users one match per day. Then, users have 24h to decide whether they are interested. Once has been available in Europe since 2015; it launched in the US in Feb 2018 and now has 200K US users. Coffee Meets Bagel, which launched in 2012, also presents women with one "bagel" (match) a day. (Men receive up to 21 matches every day and select the people they like, so the app chooses women's bagels from among the men who indicated they liked them.) The League, which launched in 2015, is a more selective dating app for ambitious professionals. Then there's Happn, which debuted in 2014 in Paris. Users who subscribe to Happn Essential get 10 chances to "Say Hi" to another user every day. It's possible that daters and app-developers alike have begun to observe the effects of what social scientists call "choice overload" or the "paradox of choice." The more options you have, research suggests, the less likely you are to make any decision at all.
by Shana Lebowitz
See full article at Business Insider
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CoffeeMeetsBagel To Host Camp Meets Bagel, A Sleepaway Camp For Adults
by Lulu Chang
See full article at Digital Trends
Online Dating Stats From Singapore
by Rezwana Manjur
See full article at Marketing Interactive
Coffee Meets Bagel To Host A Matchmaking Running Event
SCMP – Feb 2 – RunDate 2018 is a matchmaking event, hosted by dating app Coffee Meets Bagel and Asian cultural online platform Honkiee. It aims to help runners find potential partners through a series of athletic activities. Held once again at the Science Park in Sha Tin on February 11, the event's second edition will be open to 2K runners, and includes a new age group for adults aged 60 or above. Out of 1,300 runners that joined last year, more than half were successfully matched with a partner.
by Rachel Cheung
See full article at SCMP
CoffeeMeetsBagel Shows Singles Care Less About Valentine’s Day Than Ever
THE NEXT WEB – Feb 4 – The dating app Coffee Meets Bagel has recently conducted a survey of its users to see what they were planning for Valentine's Day. Of the 654 respondents, 235 said they considered Valentine's Day "just another Hallmark holiday."” 474 said they felt no pressure to date on Valentine's Day, and 295 said they didn’t plan on celebrating.
by Rachel Kaser
See full article at The Next Web
Founder Of Coffee Meets Bagel Talks About Hurdles She Faced
MONEYISH – Jan 2 – Dawoon Kang, founder of dating app Coffee Meets Bagel, explains why women need 'more representation' in Silicon Valley. The 34-year-old entrepreneur created the dating app for women with her two sisters back in 2012, using just $40K of their money. As a woman in the California tech vortex, Kang faced tough competition. Just about 2% of the $60B in venture capital funding that was appropriated in 2016 went to women, according to an NPR report citing data from Pitchfork. However, Kang managed to raise $7.8M in venture capital from from three firms to fund their expansion, and introducing a freemium model that charges users for certain upgraded features.
by Reed Alexander
See full article at Moneyish
Coffee Meets Bagel Opens Seattle Office
GEEKWIRE – Dec 19 – San Francisco-based startup Coffee Meets Bagel, is opening a new Seattle office. The office is the company's first location outside the Bay Area and will house three employees for the time being. Coffee Meets Bagel sends up to six curated matches to women on the platform each day and up to 21 curated matches to men.
by Clare McGrane
See full article at Geekwire
Coffee Meets Bagel Swears By Video
CHEDDAR – Dec 6 – "Video is a tool that we are using to enable our users to share about themselves in a fun, playful way," said Dawoon Kang. "People are not experiencing real connections on the app." After testing the new feature, which presents subscribers with a daily question they would answer via video, Coffee Meets Bagel reported that 37% of participants were "taken" by other users.