TECH CRUNCH – Nov 19 – Match has priced its IPO at $12 per share, raising $400M. The company will begin trading on the Nasdaq today under the ticker symbol 'MTCH.'
by Alex Wilhelm, Katie Roof & Matthew Lynley
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This post also appears on InternetDatingInvestments.
TECH CRUNCH – Nov 13 – Tinder has launched an update that adds employment/education info into the user’s profile as well as a revamped inbox. With the inbox revamp, Moments, the app’s Snapchat-like photo-sharing tool, is retiring. Moments launched in the summer of 2014 with the goal of kickstarting conversations among matches. Users were able to share photos (which expire in 24 hours) with all of their matches in a single blast. Tinder has recently hooked up with Instagram to let users share their most recent Instagram photos as an extension of their Tinder profile, which may have made Moments less useful.
TECH CRUNCH – Nov 12 – Tinder is releasing a new matching algorithm as well as new profile and messaging features. The new algorithm is meant to look at more data points as a user swipes left and right. Tinder CEO and co-founder Sean Rad wouldn’t share any details on how the new algorithm works. Tinder is also adding the ability for users to include their work and education information.
TECH CRUNCH – Nov 12 – The newly-launched Venntro Ventures incubator plans to invest in and incubate tech startups in both the U.K. and U.S. who operate in the online dating and lifestyle spaces. Venntro will provide startups who are accepted onto the programme with expertise and advice, office space, capital and, most strategically, access to its member portfolio. In return, Venntro will take a stake of ~40% in the startups it invests in.
TECH CRUNCH – Oct 20 – Squad, a New York base startup, is officially launching its iOS app today, it's also announcing a raise of $1.7M in seed funding. According to founder and CEO Adam Liebman, squad is designed to facilitate more casual group meetups. Dating and hookup is not its main goal. He said the idea came from a trip to Montreal, where he "hacked Tinder" by turning his profile into a group profile that allowed him and his friends to meet new people while traveling. The Squad app is free. Liebman said the current focus is on "creating a great product," but eventually, he plans to make money through ads.
by Anthony Ha
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TECH CRUNCH – Oct 1 – French dating app Happn just raised a $14M Series B round. Previously, the company had raised an $8M Series A round. Happn now has 6M users in 25 cities around the world. The next step is Asian expansion.
by Romain Dillet
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This post also appears on InternetDatingInvestments.
by Drew Olanoff
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TECH CRUNCH – Sep 10 - Tinder has today unveiled a new feature called Super Like. Users can see if somebody super liked them before they swipe. Before, the only way a user could find out if their fellow Tinderers liked them back was if both swiped right on each other.
TECH CRUNCH – Aug 31 – That’s hard to believe, given that the leaked emails also revealed the company paid people to create fake profiles. In addition, Avid Life Media states that Ashley Madison's user base is growing, following the hack. Hundreds of thousands of new users signed up in the past week, including 87K women, the company says.
by Sarah Perez
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TECH CRUNCH – Aug 28 – Avid Life Media CEO Noel Biderman is stepping down. The company describes Biderman’s departure as a “mutual agreement". The company will be led by senior management until a new CEO can be found.
by Sarah Perez
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