Category: Reporters – Josh Constine

Hinge Raised $4M

Posted on November 4, 2013

Hinge logo new Jan 13TECH CRUNCH – Nov 4 – Mobile dating app, Hinge, has raised a $4M Series A from Great Oaks, Social + Capital, and more. At first glance, the app looks like Tinder. It gives you one potential mate at a time that you can swipe right to approve or swipe left to dismiss. If two people approve each other, they’re allowed to chat within Hinge. Founder Justin McLeod believes that people use this app to find romance as opposed to Tinder, mostly known for hookups. Since expanding beyond its home city of DC in August to New York and Boston, Hinge has doubled its user count to 60K.

by Josh Constine
See full article at Tech Crunch

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This post also appears on InternetDatingInvestments.

How Badoo Got 130 Million People And $100M In Revenue

Posted on December 6, 2011

Badoo logoTECH CRUNCH – Dec 6 – Badoo has recently reached 130M registered users and now brings in $100M a year. Badoo would be the 4th biggest social network if it was just a social network. But Badoo adapts to the local needs of its international user base. In the UK it’s used for casual dating, in the Czech Republic it’s a marriage site, and in Indonesia burqa-clad women find self-expression on the site. While it can be tempting to gate some crucial features behind a pay wall, Badoo decided to make all of its core functionality free. While it was growing to a scale where it could support itself, Badoo took $30M in funding. Now it doesn’t need to take additional funding rounds. To reach its $100M in yearly revenues, though, Badoo lets users pay to be more visible and learn who they should try to start a conversation with.

by Josh Constine
See the full article at Tech Crunch

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